Osmosis Investment Management UK Ltd Buys Shares of 13,480 Apollo Global Management Inc. $APO

Key Points

• Osmosis Investment Management initiated a position in Apollo Global Management, buying 13,480 shares valued at approximately $1.6 million. Institutional investors collectively own 77.06% of APO.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $152.77, although BMO Capital Markets lowered its target to $126.
• Apollo reported quarterly EPS of $2.11 and revenue of $5.57 billion, both below analyst expectations. The company declared a quarterly dividend of $0.5625, equal to a 1.7% annualized yield.

Osmosis Investment Management UK Ltd purchased a new position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,480 shares of the financial services provider's stock, valued at approximately $1,595,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Apollo Global Management in the 4th quarter valued at $29,000. MBM Wealth Consultants LLC acquired a new position in Apollo Global Management during the 1st quarter worth about $29,000. Steigerwald Gordon & Koch Inc. boosted 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 acquiring an additional 213 shares during the period. Keating Financial Advisory Services Inc. purchased a new position in Apollo Global Management during the 2nd quarter valued at about $31,000. Finally, Osbon Capital Management LLC acquired a new position in Apollo Global Management in the 4th quarter valued at about $36,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on APO. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Apollo Global Management in a research note on Thursday, May 7th. HSBC initiated coverage on shares of Apollo Global Management in a report on Monday, July 20th. They issued a "buy" rating and a $145.00 price objective for the company. BMO Capital Markets cut their target price on shares of Apollo Global Management from $140.00 to $126.00 and set a "market perform" rating on the stock in a research note on Monday, July 13th. Weiss Ratings upgraded shares of Apollo Global Management from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday. Finally, Keefe, Bruyette & Woods upgraded shares of Apollo Global Management to a "hold" rating in a research note on Monday, July 20th. One 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $152.77.

Apollo Global Management Stock Up 0.0%

Shares of NYSE APO opened at $132.72 on Tuesday. The business has a 50-day moving average of $126.57 and a two-hundred day moving average of $122.72. The company has a market capitalization of $78.38 billion, a price-to-earnings ratio of 48.62, a price-to-earnings-growth ratio of 1.20 and a beta of 1.51. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 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.

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

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be given a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, August 19th. Apollo Global Management's dividend payout ratio (DPR) is 82.42%.

Insider Buying and Selling at Apollo Global Management

In related 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 value of $422,520.00. Following the completion of the sale, the chief financial officer directly owned 396,533 shares of the company's stock, valued at $55,847,707.72. The trade was a 0.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John P. Zito sold 48,644 shares of the company's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the completion of the transaction, the insider owned 3,063,696 shares of the company's stock, valued at $400,302,519.36. This represents a 1.56% decrease in their position. The disclosure for this sale is available in the SEC filing. 8.30% of the stock is owned by company insiders.

Apollo Global Management Company 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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