Point72 Europe London LLP Has $17.05 Million Position in Apollo Global Management Inc. $APO

Key Points

• Point72 Europe London LLP increased its investment in Apollo Global Management Inc. by 5.6%, holding a total worth of $17.05 million after acquiring additional shares this quarter.
• Analysts have raised their price targets for Apollo Global Management, with Wells Fargo increasing their target from $160.00 to $173.00 and maintaining an "overweight" rating.
• Apollo Global Management's quarterly earnings surpassed expectations with $1.92 per share, above the consensus estimate of $1.84, reflecting strong financial performance.

Point72 Europe London LLP increased its position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 124,484 shares of the financial services provider's stock after acquiring an additional 6,583 shares during the period. Point72 Europe London LLP's holdings in Apollo Global Management were worth $17,047,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Integrated Wealth Concepts LLC boosted its holdings in Apollo Global Management by 33.1% in the fourth quarter. Integrated Wealth Concepts LLC now owns 3,369 shares of the financial services provider's stock valued at $556,000 after purchasing an additional 837 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Apollo Global Management during the fourth quarter worth about $903,000. AQR Capital Management LLC boosted its stake in shares of Apollo Global Management by 20.7% during the fourth quarter. AQR Capital Management LLC now owns 42,708 shares of the financial services provider's stock worth $7,054,000 after buying an additional 7,318 shares during the period. Absolute Gestao de Investimentos Ltda. purchased a new stake in Apollo Global Management during the 4th quarter valued at approximately $578,000. Finally, AXA S.A. raised its stake in shares of Apollo Global Management by 252.1% during the fourth quarter. AXA S.A. now owns 38,981 shares of the financial services provider's stock worth $6,438,000 after purchasing an additional 27,910 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock traded down $3.20 on Wednesday, hitting $132.64. The company had a trading volume of 4,544,644 shares, compared to its average volume of 3,234,820. The business has a 50-day simple moving average of $142.98 and a 200-day simple moving average of $138.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market cap of $75.87 billion, a PE ratio of 24.79, a PEG ratio of 1.47 and a beta of 1.69. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $189.49.

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 (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.08. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.The firm had revenue of $6,550,000 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the company earned $1.64 EPS. Research analysts expect that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were issued a $0.51 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. Apollo Global Management's dividend payout ratio is 38.13%.

Wall Street Analysts Forecast Growth

APO has been the topic of a number of analyst reports. Evercore ISI lifted their price objective 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. Citigroup increased their price target on shares of Apollo Global Management from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Barclays increased their price target on shares of Apollo Global Management from $156.00 to $168.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Wall Street Zen raised shares of Apollo Global Management from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. Finally, Wells Fargo & Company boosted their price target on Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $164.56.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 15,500 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total value of $2,249,205.00. Following the transaction, the chief financial officer owned 332,399 shares of the company's stock, valued at approximately $48,234,418.89. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Whitney Chatterjee sold 4,500 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total value of $657,135.00. Following the sale, the insider owned 83,192 shares in the company, valued at $12,148,527.76. The trade was a 5.13% decrease in their position. The disclosure for this sale can be found here. 8.50% of the stock is owned by corporate insiders.

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.