Apollo Global Management Inc. (NYSE:APO) Stock Holdings Lifted by MSA Advisors LLC

Key Points

• MSA Advisors LLC increased its stake in Apollo Global Management Inc. by 12.4%, holding 930,702 shares valued at approximately $127.45 million, making it the firm's largest investment.
• Institutional investors now own 77.06% of Apollo Global Management's stock, indicating strong institutional interest in the company.
• Apollo Global Management recently announced a quarterly dividend of $0.51 per share, reflecting an annualized yield of 1.4% and a payout ratio of 38.13%.

MSA Advisors LLC grew its holdings in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 12.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 930,702 shares of the financial services provider's stock after purchasing an additional 102,730 shares during the quarter. Apollo Global Management comprises approximately 32.6% of MSA Advisors LLC's portfolio, making the stock its biggest holding. MSA Advisors LLC owned 0.16% of Apollo Global Management worth $127,450,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of 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 acquiring an additional 893,428 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Apollo Global Management by 36.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,452,004 shares of the financial services provider's stock valued at $1,065,615,000 after acquiring an additional 1,739,807 shares during the period. Northern Trust Corp boosted its position in shares of Apollo Global Management by 50.0% in the fourth quarter. Northern Trust Corp now owns 4,382,740 shares of the financial services provider's stock valued at $723,853,000 after acquiring an additional 1,460,689 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Apollo Global Management by 24.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider's stock valued at $490,482,000 after acquiring an additional 706,181 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Apollo Global Management by 3.9% in the first 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 acquiring an additional 112,736 shares during the period. Institutional investors own 77.06% of the company's stock.

Apollo Global Management Price Performance

Shares of APO stock traded up $2.51 during trading hours on Tuesday, hitting $144.63. 2,913,189 shares of the company's stock were exchanged, compared to its average volume of 3,064,792. The company has a market capitalization of $82.66 billion, a PE ratio of 27.03, a PEG ratio of 1.48 and a beta of 1.62. Apollo Global Management Inc. has a 12-month low of $102.58 and a 12-month high of $189.49. The business's 50 day simple moving average is $142.32 and its 200-day simple moving average is $141.02. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.37.

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

Apollo Global Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, August 18th. Apollo Global Management's payout ratio is presently 38.13%.

Insider Activity at Apollo Global Management

In related news, insider Whitney Chatterjee sold 4,500 shares of Apollo Global Management stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total value 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. The trade was a 5.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on APO. Barclays raised their price objective on shares of Apollo Global Management from $156.00 to $168.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Piper Sandler dropped their target price on shares of Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Evercore ISI lifted their target price on shares of Apollo Global Management from $155.00 to $160.00 and gave the company an "outperform" rating in a research report on Wednesday, August 6th. Wells Fargo & Company lifted their target price 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. Finally, UBS Group dropped their target price on shares of Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $161.26.

About Apollo Global Management

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.