Axa S.A. Buys 6,645 Shares of Apollo Global Management, Inc. (NYSE:APO)

Axa S.A. raised its stake in Apollo Global Management, Inc. (NYSE:APO) by 283.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,986 shares of the financial services provider’s stock after purchasing an additional 6,645 shares during the period. Axa S.A.’s holdings in Apollo Global Management were worth $1,061,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. True Wealth Design LLC bought a new stake in shares of Apollo Global Management in the fourth quarter valued at about $33,000. Cullen Frost Bankers Inc. bought a new stake in shares of Apollo Global Management in the 2nd quarter worth approximately $35,000. 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 purchasing an additional 305 shares in the last quarter. Riverview Trust Co bought a new stake in shares of Apollo Global Management during the first quarter valued at approximately $45,000. Finally, Compass Wealth Management LLC raised its stake in shares of Apollo Global Management by 48.7% in the first quarter. Compass Wealth Management LLC now owns 446 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 146 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Price Performance

Shares of APO stock opened at $131.98 on Wednesday. Apollo Global Management, Inc. has a 1 year low of $77.11 and a 1 year high of $133.05. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The firm’s 50 day moving average is $114.15 and its 200-day moving average is $114.53. The firm has a market capitalization of $74.99 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 1.30 and a beta of 1.61.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (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 analyst estimates 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 in the prior year, the company posted $1.54 EPS. Sell-side analysts forecast that Apollo Global Management, Inc. will post 6.62 EPS for the current fiscal year.

Apollo Global Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Friday, August 16th. Apollo Global Management’s dividend payout ratio is 20.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Apollo Global Management from $129.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. UBS Group upped their target price on shares of Apollo Global Management from $116.00 to $123.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Wolfe Research began coverage on shares of Apollo Global Management in a research report on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 price target for the company. Barclays decreased their price objective on Apollo Global Management from $131.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Finally, Keefe, Bruyette & Woods increased their target price on Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average price target of $129.65.

Insider Buying and Selling

In other Apollo Global Management news, Director Pauline Richards bought 2,351 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average cost of $104.92 per share, for a total transaction of $246,666.92. Following the transaction, the director now owns 85,854 shares in the company, valued at approximately $9,007,801.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 8.50% of the company’s stock.

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.