Mather Group LLC. Acquires 29,830 Shares of Apollo Global Management Inc. $APO

Key Points

• Mather Group increased its Apollo Global Management stake by 2,259.8% in the third quarter, buying 29,830 additional shares for a total holding of 31,150 shares valued at approximately $3.6 million.
• Institutional investors own 77.06% of Apollo’s stock, while the shares recently traded at $112.14—below their 50-day and 200-day moving averages. The company’s latest quarterly results missed analyst estimates for both earnings and revenue.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $152.60. Apollo also pays a quarterly dividend of $0.5625 per share, equivalent to a 2.0% annualized yield.

Mather Group LLC. boosted its holdings in Apollo Global Management Inc. (NYSE:APO - Free Report) by 2,259.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,150 shares of the financial services provider's stock after purchasing an additional 29,830 shares during the period. Mather Group LLC.'s holdings in Apollo Global Management were worth $3,615,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Apollo Global Management by 4.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider's stock valued at $669,372,000 after purchasing an additional 234,517 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Apollo Global Management during the 2nd quarter worth $459,987,000. Bank of New York Mellon Corp bought a new stake in shares of Apollo Global Management during the 2nd quarter worth $336,644,000. Temasek Holdings Private Ltd boosted its holdings in shares of Apollo Global Management by 214.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider's stock worth $263,861,000 after buying an additional 1,614,813 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Apollo Global Management by 15.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,976,083 shares of the financial services provider's stock worth $220,149,000 after buying an additional 266,732 shares during the last quarter. Institutional investors own 77.06% of the company's stock.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $112.14 on Friday. The firm has a market capitalization of $66.22 billion, a P/E ratio of 41.08, a PEG ratio of 1.01 and a beta of 1.58. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $153.29. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. The business has a fifty day moving average price of $127.09 and a 200-day moving average price of $125.22.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.16 by ($0.05). The company had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.65 billion. Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. During the same quarter in the previous year, the firm posted $1.92 earnings per share. As a group, equities research analysts forecast that Apollo Global Management Inc. will post 8.00 EPS for the current year.

Apollo Global Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were issued a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 19th. Apollo Global Management's payout ratio is presently 82.42%.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 3,000 shares of the company's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the sale, the chief financial officer directly owned 396,533 shares in the company, valued at $55,847,707.72. This represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 8.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on APO. HSBC initiated coverage on shares of Apollo Global Management in a research report on Monday, July 20th. They set a "buy" rating and a $145.00 price target for the company. Royal Bank Of Canada lifted their price objective on shares of Apollo Global Management from $137.00 to $146.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 5th. Bank of America dropped their target price on shares of Apollo Global Management from $163.00 to $161.00 in a research note on Monday, October 5th. Piper Sandler boosted their target price on shares of Apollo Global Management from $156.00 to $159.00 and gave the company an "overweight" rating in a research note on Tuesday, August 4th. Finally, TD Cowen reduced their target price on shares of Apollo Global Management from $159.00 to $154.00 and set a "buy" rating for the company in a research report on Monday. Fourteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Apollo Global Management presently has a consensus rating of "Moderate Buy" and an average price target of $152.60.

Apollo Global Management Company Profile

Apollo Global Management, Inc NYSE: APO is a global alternative asset manager that provides investment management and related services to institutional investors, companies, family offices and individual investors. The firm invests across private equity, credit and real assets, with strategies spanning corporate lending, private and public debt, infrastructure, real estate and other long-term investments.

Apollo also manages retirement and insurance-related assets through Athene, a retirement services company affiliated with Apollo.

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