Apollo Global Management, Inc. (NYSE:APO) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale boosted its position in Apollo Global Management, Inc. (NYSE:APO) by 0.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,952 shares of the financial services provider’s stock after buying an additional 414 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Apollo Global Management were worth $10,407,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWA Asset Management Group LLC increased its holdings in shares of Apollo Global Management by 2.8% in the 4th quarter. CWA Asset Management Group LLC now owns 3,399 shares of the financial services provider’s stock valued at $317,000 after acquiring an additional 94 shares during the last quarter. FineMark National Bank & Trust raised its holdings in shares of Apollo Global Management by 2.4% during the second quarter. FineMark National Bank & Trust now owns 4,117 shares of the financial services provider’s stock worth $486,000 after purchasing an additional 98 shares during the period. Orion Capital Management LLC lifted its position in shares of Apollo Global Management by 20.0% in the 1st quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock worth $67,000 after buying an additional 100 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of Apollo Global Management by 8.5% in the 1st quarter. Lindbrook Capital LLC now owns 1,308 shares of the financial services provider’s stock valued at $147,000 after buying an additional 102 shares during the period. Finally, Valley National Advisers Inc. grew its position in shares of Apollo Global Management by 0.9% during the 1st quarter. Valley National Advisers Inc. now owns 11,519 shares of the financial services provider’s stock valued at $1,295,000 after buying an additional 104 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

APO opened at $117.16 on Tuesday. The business has a 50 day moving average price of $113.56 and a two-hundred day moving average price of $113.44. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $66.57 billion, a price-to-earnings ratio of 12.97, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. Apollo Global Management, Inc. has a 1-year low of $77.11 and a 1-year high of $126.45.

Apollo Global Management (NYSE:APO) last announced its earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.03). Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. The firm had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $873.18 million. During the same period in the prior year, the business earned $1.54 EPS. Research analysts predict that Apollo Global Management, Inc. will post 6.62 EPS for the current fiscal year.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a $0.4625 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.58%. Apollo Global Management’s payout ratio is currently 20.49%.

Insider Buying and Selling

In related news, Director Pauline Richards purchased 2,351 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average price of $104.92 per share, with a total value of $246,666.92. Following the completion of the acquisition, the director now owns 85,854 shares of the company’s stock, valued at $9,007,801.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Redburn Atlantic started coverage on Apollo Global Management in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target on the stock. TD Cowen upped their price objective on Apollo Global Management from $146.00 to $147.00 and gave the stock a “buy” rating in a research note on Monday, July 8th. UBS Group raised their target price on Apollo Global Management from $116.00 to $123.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Finally, Bank of America raised shares of Apollo Global Management from a “neutral” rating to a “buy” rating and reduced their price target for the company from $124.00 to $123.00 in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Apollo Global Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.06.

Apollo Global Management Company Profile

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.