Maestria Partners LLC Has $23.54 Million Holdings in Apollo Global Management Inc. $APO

Key Points

• Maestria Partners reduced its Apollo Global Management stake by 13.1% in the second quarter, selling 30,000 shares and retaining 198,967 shares valued at approximately $23.54 million. Apollo remains the firm’s fourth-largest holding, representing 8.2% of its portfolio.
• Analysts maintain a generally positive outlook, with Apollo receiving a consensus “Moderate Buy” rating and an average price target of $152.15. The stock recently opened at $134.17, within a 52-week range of $99.56 to $153.29.
• Apollo reported quarterly EPS of $2.11, below the $2.16 consensus estimate, while revenue of $5.57 billion also missed expectations. The company paid a quarterly dividend of $0.5625, equivalent to a 1.7% annualized yield.

Maestria Partners LLC lowered its position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 13.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 198,967 shares of the financial services provider's stock after selling 30,000 shares during the period. Apollo Global Management comprises about 8.2% of Maestria Partners LLC's investment portfolio, making the stock its 4th biggest holding. Maestria Partners LLC's holdings in Apollo Global Management were worth $23,540,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Osbon Capital Management LLC purchased a new stake in shares of Apollo Global Management during the fourth quarter worth about $36,000. Steigerwald Gordon & Koch Inc. increased its holdings in Apollo Global Management by 484.1% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 213 shares during the period. Continuum Advisory LLC purchased a new position in Apollo Global Management during the 2nd quarter valued at about $30,000. MBM Wealth Consultants LLC bought a new position in Apollo Global Management during the 1st quarter valued at approximately $29,000. Finally, Keating Financial Advisory Services Inc. purchased a new stake in Apollo Global Management in the 2nd quarter worth approximately $31,000. Institutional investors own 77.06% of the company's stock.

Insider Buying and Selling

In other news, CFO Martin Kelly sold 3,000 shares of the business's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $140.84, for a total transaction of $422,520.00. Following the sale, the chief financial officer owned 396,533 shares in the company, valued at approximately $55,847,707.72. The trade was a 0.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 8.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on APO shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Apollo Global Management in a research report on Thursday, May 7th. Wall Street Zen raised Apollo Global Management from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 18th. Keefe, Bruyette & Woods upgraded shares of Apollo Global Management to a "hold" rating in a report on Monday, July 20th. Royal Bank Of Canada lifted their price target on shares of Apollo Global Management from $137.00 to $146.00 and gave the company a "sector perform" rating in a report on Wednesday, August 5th. Finally, TD Cowen reissued a "buy" rating on shares of Apollo Global Management in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $152.15.

Apollo Global Management Stock Performance

Apollo Global Management stock opened at $134.17 on Friday. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $153.29. The stock's 50 day simple moving average is $126.73 and its two-hundred day simple moving average is $122.97. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a market cap of $79.23 billion, a price-to-earnings ratio of 49.15, a PEG ratio of 1.16 and a beta of 1.52.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.The firm had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the prior year, the company posted $1.92 EPS. As a group, analysts expect that Apollo Global Management Inc. will post 8.08 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were issued a $0.5625 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $2.25 dividend on an annualized basis and a yield of 1.7%. Apollo Global Management's dividend payout ratio is 82.42%.

Apollo Global Management Profile

Apollo Global Management, Inc NYSE: APO is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.

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