Quadrant Capital Group LLC Buys 18,821 Shares of Apollo Global Management Inc. $APO

Key Points

• Quadrant Capital Group increased its Apollo Global Management stake by 586%, purchasing 18,821 additional shares to hold 22,033 shares worth approximately $2.56 million.
• Institutional investors own 77.06% of Apollo’s stock, while shares recently traded at $111.76—near the lower end of the company’s $99.56–$153.29 52-week range.
• Apollo missed quarterly earnings and revenue estimates, reporting $2.11 EPS and $5.57 billion in revenue. Analysts nevertheless maintain a “Moderate Buy” consensus with an average price target of $151.90, and the company pays a $2.25 annualized dividend yielding about 2%.

Quadrant Capital Group LLC increased its stake in Apollo Global Management Inc. (NYSE:APO - Free Report) by 586.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,033 shares of the financial services provider's stock after purchasing an additional 18,821 shares during the quarter. Quadrant Capital Group LLC's holdings in Apollo Global Management were worth $2,557,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MBM Wealth Consultants LLC bought a new stake in Apollo Global Management during the first quarter valued at about $29,000. Steigerwald Gordon & Koch Inc. increased its position in Apollo Global Management by 484.1% in the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider's stock worth $29,000 after buying an additional 213 shares in the last quarter. Continuum Advisory LLC bought a new position in shares of Apollo Global Management in the second quarter worth about $30,000. Keating Financial Advisory Services Inc. bought a new position in shares of Apollo Global Management in the second quarter worth about $31,000. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Apollo Global Management in the second quarter worth about $38,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Trading Up 0.5%

Shares of Apollo Global Management stock opened at $111.76 on Thursday. The company has a market capitalization of $66.00 billion, a P/E ratio of 40.94, a P/E/G ratio of 1.02 and a beta of 1.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. The company has a fifty day moving average of $125.24 and a 200 day moving average of $125.26. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $153.29.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $5.57 billion during the quarter, compared to analysts' expectations 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 quarter in the previous year, the company posted $1.92 EPS. On average, sell-side analysts anticipate that Apollo Global Management Inc. will post 7.97 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

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

Insider Buying and Selling at Apollo Global Management

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 value of $422,520.00. Following the completion of the transaction, the chief financial officer owned 396,533 shares of the company's stock, valued at $55,847,707.72. This represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

APO has been the subject of a number of recent research reports. Rothschild & Co Redburn boosted their price objective on Apollo Global Management from $171.00 to $173.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Wall Street Zen raised shares of Apollo Global Management from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 18th. BMO Capital Markets raised their target price on shares of Apollo Global Management from $126.00 to $134.00 and gave the stock a "market perform" rating in a research note on Monday, August 10th. Keefe, Bruyette & Woods upgraded shares of Apollo Global Management to a "hold" rating in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Apollo Global Management from $150.00 to $154.00 and gave the company an "overweight" rating in a report on Wednesday, September 2nd. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $151.90.

Apollo Global Management Profile

Apollo Global Management, Inc NYSE: APO is a global alternative asset manager that provides investment solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.

Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.

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