XTX Topco Ltd Acquires Shares of 25,339 Apollo Global Management, Inc. (NYSE:APO)

XTX Topco Ltd bought a new position in Apollo Global Management, Inc. (NYSE:APO) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 25,339 shares of the financial services provider’s stock, valued at approximately $2,992,000.

Other institutional investors also recently modified their holdings of the company. Jump Financial LLC boosted its holdings in shares of Apollo Global Management by 50.9% in the fourth quarter. Jump Financial LLC now owns 4,878 shares of the financial services provider’s stock worth $455,000 after acquiring an additional 1,645 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Apollo Global Management by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,012,870 shares of the financial services provider’s stock valued at $94,398,000 after buying an additional 14,303 shares during the period. Beacon Pointe Advisors LLC lifted its holdings in shares of Apollo Global Management by 7.0% in the fourth quarter. Beacon Pointe Advisors LLC now owns 7,920 shares of the financial services provider’s stock worth $738,000 after buying an additional 516 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Apollo Global Management by 0.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 27,775 shares of the financial services provider’s stock valued at $2,588,000 after acquiring an additional 117 shares during the period. Finally, Balentine LLC increased its holdings in Apollo Global Management by 10.6% during the 4th quarter. Balentine LLC now owns 2,724 shares of the financial services provider’s stock worth $254,000 after acquiring an additional 262 shares during the period. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, Director Pauline Richards purchased 2,351 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was bought at an average price of $104.92 per share, with a total value of $246,666.92. Following the completion of the purchase, the director now directly owns 85,854 shares of the company’s stock, valued at approximately $9,007,801.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.50% of the company’s stock.

Apollo Global Management Stock Performance

Shares of APO stock opened at $117.57 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. Apollo Global Management, Inc. has a fifty-two week low of $77.11 and a fifty-two week high of $126.45. The company has a market capitalization of $66.80 billion, a P/E ratio of 13.02, a PEG ratio of 1.13 and a beta of 1.61. The stock has a 50 day moving average price of $113.58 and a two-hundred day moving average price of $113.49.

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

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend was Friday, August 16th. Apollo Global Management’s dividend payout ratio (DPR) is currently 20.49%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Redburn Partners initiated coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target for the company. StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Evercore ISI raised their target price on shares of Apollo Global Management from $128.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Argus decreased their price target on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. Finally, UBS Group upped their target price on shares of Apollo Global Management from $116.00 to $123.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.06.

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.