Marino Stram & Associates LLC Has $534,000 Stock Holdings in Apollo Global Management Inc. $APO

Key Points

• Marino Stram & Associates LLC increased its stake in Apollo Global Management Inc. by 141.4%, owning 3,761 shares valued at $534,000 as of their latest SEC filing.
• Other institutional investors, such as Vanguard Group Inc. and Goldman Sachs Group Inc., have also boosted their holdings in Apollo Global Management, indicating strong institutional interest.
• Apollo Global Management recently declared a $0.51 quarterly dividend, leading to an annualized dividend yield of 1.5%, with a payout ratio of 38.13%.

Marino Stram & Associates LLC grew its stake in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 141.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,761 shares of the financial services provider's stock after acquiring an additional 2,203 shares during the period. Marino Stram & Associates LLC's holdings in Apollo Global Management were worth $534,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in Apollo Global Management by 2.0% in the first quarter. Vanguard Group Inc. now owns 46,028,812 shares of the financial services provider's stock valued at $6,303,186,000 after purchasing an additional 893,428 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Apollo Global Management by 24.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider's stock worth $490,482,000 after purchasing an additional 706,181 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Apollo Global Management by 3.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,013,298 shares of the financial services provider's stock valued at $412,641,000 after buying an additional 112,736 shares during the last quarter. Boston Partners bought a new stake in shares of Apollo Global Management in the 1st quarter valued at approximately $370,543,000. Finally, Allen Investment Management LLC increased its holdings in Apollo Global Management by 14.4% in the first quarter. Allen Investment Management LLC now owns 2,641,043 shares of the financial services provider's stock worth $361,664,000 after buying an additional 333,428 shares during the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 15,500 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the completion of the transaction, the chief financial officer owned 332,399 shares of the company's stock, valued at approximately $48,234,418.89. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Whitney Chatterjee sold 4,500 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total transaction of $657,135.00. Following the transaction, the insider directly owned 83,192 shares of the company's stock, valued at $12,148,527.76. This represents a 5.13% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 935,000 shares of company stock worth $125,543,790. Insiders own 8.50% of the company's stock.

Apollo Global Management Price Performance

NYSE APO opened at $133.38 on Wednesday. Apollo Global Management Inc. has a twelve month low of $102.58 and a twelve month high of $189.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market capitalization of $76.29 billion, a PE ratio of 24.93, a P/E/G ratio of 1.49 and a beta of 1.69. The stock has a 50-day simple moving average of $139.78 and a 200 day simple moving average of $137.24.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.08. The business had revenue of $6,550,000 billion during the quarter, compared to analysts' expectations of $1.01 billion. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.During the same quarter in the previous year, the firm earned $1.64 EPS. Research analysts anticipate that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were paid a $0.51 dividend. The ex-dividend date was Monday, August 18th. This represents a $2.04 annualized dividend and a dividend yield of 1.5%. Apollo Global Management's dividend payout ratio (DPR) is presently 38.13%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on APO shares. Wells Fargo & Company raised their price objective on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Citigroup raised their price target on shares of Apollo Global Management from $160.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Barclays raised their price target on shares of Apollo Global Management from $156.00 to $168.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Evercore ISI increased their target price on shares of Apollo Global Management from $155.00 to $160.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen raised shares of Apollo Global Management from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Apollo Global Management presently has a consensus rating of "Moderate Buy" and an average price target of $166.27.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.

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