Apollo Global Management, Inc. (NYSE:APO) is Lodge Hill Capital LLC’s 6th Largest Position

Lodge Hill Capital LLC grew its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 95.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 194,768 shares of the financial services provider’s stock after buying an additional 95,000 shares during the period. Apollo Global Management accounts for 6.2% of Lodge Hill Capital LLC’s portfolio, making the stock its 6th biggest position. Lodge Hill Capital LLC’s holdings in Apollo Global Management were worth $22,996,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. DSM Capital Partners LLC bought a new position in Apollo Global Management in the 4th quarter worth $31,000. True Wealth Design LLC bought a new position in Apollo Global Management in the fourth quarter worth about $33,000. Cullen Frost Bankers Inc. purchased a new stake in Apollo Global Management in the second quarter worth about $35,000. Carolinas Wealth Consulting LLC bought a new stake in Apollo Global Management during the 4th quarter valued at approximately $38,000. Finally, J.Safra Asset Management Corp grew its holdings in shares of Apollo Global Management by 709.3% during the 1st quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 305 shares during the period. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

NYSE APO opened at $124.54 on Friday. Apollo Global Management, Inc. has a one year low of $77.11 and a one year high of $126.45. The stock has a 50-day moving average of $113.64 and a 200 day moving average of $113.66. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $70.76 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 1.13 and a beta of 1.61.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data 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 company had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $873.18 million. During the same period in the previous year, the firm earned $1.54 earnings per share. On average, sell-side analysts forecast that Apollo Global Management, Inc. will post 6.62 EPS for the current year.

Apollo Global Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.4625 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.49%. Apollo Global Management’s dividend payout ratio (DPR) is currently 20.49%.

Insider Buying and Selling

In other news, Director Pauline Richards bought 2,351 shares of the 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 in the company, valued at $9,007,801.68. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

APO has been the subject of a number of research analyst reports. Wells Fargo & Company initiated coverage on Apollo Global Management in a research note on Thursday, September 12th. They issued an “overweight” rating and a $132.00 target price for the company. Redburn Partners began coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price on the stock. Redburn Atlantic initiated coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price on the stock. Evercore ISI lifted their price target on shares of Apollo Global Management from $128.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Finally, StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, 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.