Apollo Global Management Inc. $APO Shares Bought by Compound Planning Inc.

Compound Planning Inc. grew its position in Apollo Global Management Inc. (NYSE:APO) by 23.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,266 shares of the financial services provider’s stock after buying an additional 432 shares during the quarter. Compound Planning Inc.’s holdings in Apollo Global Management were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Norinchukin Bank The boosted its holdings in Apollo Global Management by 9.9% during the 1st quarter. Norinchukin Bank The now owns 17,155 shares of the financial services provider’s stock valued at $2,349,000 after acquiring an additional 1,539 shares during the period. Summit Financial LLC lifted its position in shares of Apollo Global Management by 59.3% during the first quarter. Summit Financial LLC now owns 12,414 shares of the financial services provider’s stock worth $1,700,000 after purchasing an additional 4,622 shares in the last quarter. TFB Advisors LLC boosted its stake in shares of Apollo Global Management by 5.2% in the first quarter. TFB Advisors LLC now owns 20,190 shares of the financial services provider’s stock valued at $2,765,000 after purchasing an additional 991 shares during the period. Banco BTG Pactual S.A. purchased a new position in shares of Apollo Global Management in the first quarter valued at approximately $2,876,000. Finally, Dorsey & Whitney Trust CO LLC grew its holdings in shares of Apollo Global Management by 105.7% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 5,253 shares of the financial services provider’s stock valued at $719,000 after purchasing an additional 2,699 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

NYSE:APO opened at $135.78 on Thursday. Apollo Global Management Inc. has a 12 month low of $102.58 and a 12 month high of $189.49. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market capitalization of $77.67 billion, a PE ratio of 25.38, a price-to-earnings-growth ratio of 1.45 and a beta of 1.62. The business’s fifty day moving average price is $143.01 and its 200 day moving average price is $138.88.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.08. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.The company had revenue of $6,550,000 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the business earned $1.64 EPS. On average, sell-side analysts anticipate that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, August 18th. Apollo Global Management’s dividend payout ratio is currently 38.13%.

Insider Activity at Apollo Global Management

In other news, insider Whitney Chatterjee sold 4,500 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total value of $657,135.00. Following the completion of the transaction, the insider owned 83,192 shares in the company, valued at approximately $12,148,527.76. This represents a 5.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Martin Kelly sold 15,500 shares of Apollo Global Management stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the sale, the chief financial officer owned 332,399 shares in the company, valued at $48,234,418.89. This represents a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on APO shares. Wells Fargo & Company increased their target price on shares of Apollo Global Management from $160.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Piper Sandler reduced their price objective on Apollo Global Management from $193.00 to $174.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Cowen reiterated a “buy” rating on shares of Apollo Global Management in a report on Monday, May 5th. Evercore ISI upped their price target on Apollo Global Management from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Finally, UBS Group reduced their price target on Apollo Global Management from $170.00 to $155.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $164.56.

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.