International Assets Investment Management LLC Has $462.46 Million Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

International Assets Investment Management LLC lifted its stake in Apollo Global Management, Inc. (NYSE:APO) by 12,086.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 370,233 shares of the financial services provider’s stock after acquiring an additional 367,195 shares during the quarter. International Assets Investment Management LLC owned approximately 0.07% of Apollo Global Management worth $462,460,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. SOL Capital Management CO lifted its stake in Apollo Global Management by 0.6% in the third quarter. SOL Capital Management CO now owns 75,185 shares of the financial services provider’s stock valued at $9,391,000 after acquiring an additional 485 shares during the last quarter. Altus Wealth Group LLC raised its holdings in shares of Apollo Global Management by 24.5% in the 3rd quarter. Altus Wealth Group LLC now owns 12,985 shares of the financial services provider’s stock valued at $1,622,000 after purchasing an additional 2,557 shares during the period. Plan Group Financial LLC bought a new stake in shares of Apollo Global Management in the 3rd quarter valued at about $337,000. Lecap Asset Management Ltd. acquired a new stake in Apollo Global Management in the 3rd quarter valued at about $938,000. Finally, Private Advisor Group LLC grew its holdings in Apollo Global Management by 4.1% during the third quarter. Private Advisor Group LLC now owns 10,741 shares of the financial services provider’s stock worth $1,342,000 after purchasing an additional 423 shares during the period. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

APO opened at $146.27 on Friday. 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 52-week low of $77.11 and a 52-week high of $146.82. The firm has a market cap of $83.10 billion, a P/E ratio of 16.20, a price-to-earnings-growth ratio of 1.39 and a beta of 1.62. The business’s fifty day moving average is $123.89 and its 200-day moving average is $117.75.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data 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). Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. The firm had revenue of $6.02 billion for the quarter, compared to analyst estimates of $873.18 million. During the same quarter in the previous year, the company earned $1.54 earnings per share. Sell-side analysts expect that Apollo Global Management, Inc. will post 6.66 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 given a dividend of $0.4625 per share. The ex-dividend date was Friday, August 16th. This represents a $1.85 annualized dividend and a dividend yield of 1.26%. Apollo Global Management’s dividend payout ratio is 20.49%.

Insider Activity at Apollo Global Management

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 stock was purchased at an average cost of $104.92 per share, for a total transaction 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. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 8.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

APO has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft dropped their price objective on 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. JPMorgan Chase & Co. raised their price target on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. Barclays upped their price objective on shares of Apollo Global Management from $128.00 to $148.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Wells Fargo & Company raised their target price on shares of Apollo Global Management from $148.00 to $149.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group upped their price target on shares of Apollo Global Management from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $139.56.

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.