Goelzer Investment Management Inc. Buys 830 Shares of Apollo Global Management, Inc. (NYSE:APO)

Goelzer Investment Management Inc. grew its stake in Apollo Global Management, Inc. (NYSE:APO) by 2.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,982 shares of the financial services provider’s stock after acquiring an additional 830 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Apollo Global Management were worth $4,245,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Bank of Nova Scotia grew its position in Apollo Global Management by 237.1% during the 4th quarter. Bank of Nova Scotia now owns 14,831 shares of the financial services provider’s stock valued at $1,382,000 after purchasing an additional 10,431 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Apollo Global Management by 16.0% during the fourth quarter. Oppenheimer & Co. Inc. now owns 45,748 shares of the financial services provider’s stock valued at $4,263,000 after acquiring an additional 6,322 shares in the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of Apollo Global Management by 530.9% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 61,502 shares of the financial services provider’s stock valued at $5,731,000 after acquiring an additional 51,753 shares in the last quarter. Cibc World Markets Corp bought a new position in Apollo Global Management in the 4th quarter valued at approximately $1,030,000. Finally, Morningstar Investment Services LLC purchased a new stake in Apollo Global Management during the 4th quarter valued at $247,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. BMO Capital Markets boosted their price target on Apollo Global Management from $123.00 to $138.00 and gave the stock an “outperform” rating in a research note on Wednesday. Bank of America upgraded shares of Apollo Global Management from a “neutral” rating to a “buy” rating and lowered their target price for the company from $124.00 to $123.00 in a research note on Tuesday, August 6th. The Goldman Sachs Group raised their price target on shares of Apollo Global Management from $128.00 to $135.00 and gave the company a “buy” rating in a report on Thursday. Redburn Atlantic started coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective for the company. Finally, UBS Group lifted 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 equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $134.78.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, Director Pauline Richards purchased 2,351 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were bought at an average cost of $104.92 per share, with a total value of $246,666.92. Following the acquisition, the director now owns 85,854 shares in the company, valued at approximately $9,007,801.68. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 8.50% of the company’s stock.

Apollo Global Management Stock Performance

Apollo Global Management stock traded up $3.97 during midday trading on Friday, hitting $135.33. The stock had a trading volume of 3,847,455 shares, compared to its average volume of 2,599,522. Apollo Global Management, Inc. has a 52-week low of $77.11 and a 52-week high of $136.26. The company has a market capitalization of $76.89 billion, a PE ratio of 14.99, a P/E/G ratio of 1.30 and a beta of 1.62. The firm’s fifty day moving average is $114.83 and its two-hundred day moving average is $114.95. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36.

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

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, August 16th. Apollo Global Management’s dividend payout ratio (DPR) is 20.49%.

Apollo Global Management 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.