Vontobel Holding Ltd. Raises Stock Holdings in Apollo Global Management Inc. $APO

Vontobel Holding Ltd. increased its position in Apollo Global Management Inc. (NYSE:APO) by 96.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,908 shares of the financial services provider’s stock after purchasing an additional 16,627 shares during the period. Vontobel Holding Ltd.’s holdings in Apollo Global Management were worth $4,811,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APO. GW&K Investment Management LLC grew its stake in Apollo Global Management by 84.5% in the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 87 shares during the period. ORG Partners LLC grew its stake in Apollo Global Management by 285.0% in the first quarter. ORG Partners LLC now owns 231 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 171 shares during the period. Bay Harbor Wealth Management LLC grew its stake in Apollo Global Management by 5,200.0% in the second quarter. Bay Harbor Wealth Management LLC now owns 265 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 260 shares during the period. Farmers & Merchants Investments Inc. purchased a new stake in Apollo Global Management in the first quarter worth $39,000. Finally, Rise Advisors LLC purchased a new stake in Apollo Global Management in the first quarter worth $42,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on APO shares. BMO Capital Markets started coverage on Apollo Global Management in a research note on Friday, October 3rd. They issued a “market perform” rating and a $132.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Global Management in a research note on Wednesday. Evercore ISI increased their target price on Apollo Global Management from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Wall Street Zen cut Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Finally, Piper Sandler reissued an “overweight” rating on shares of Apollo Global Management in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Apollo Global Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.57.

Apollo Global Management Trading Down 4.2%

Apollo Global Management stock opened at $118.34 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. Apollo Global Management Inc. has a one year low of $102.58 and a one year high of $189.49. The stock has a market capitalization of $67.69 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 1.34 and a beta of 1.68. The business’s fifty day moving average is $136.21 and its 200 day moving average is $136.28.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the firm posted $1.64 earnings per share. On average, sell-side analysts predict that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, August 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently 38.13%.

Insiders Place Their Bets

In other Apollo Global Management news, insider Whitney Chatterjee sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total value of $657,135.00. Following the transaction, the insider directly owned 83,192 shares of the company’s stock, valued at approximately $12,148,527.76. This trade represents a 5.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 15,500 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total value of $2,249,205.00. Following the completion of the transaction, the chief financial officer directly owned 332,399 shares in the company, valued at $48,234,418.89. The trade was a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 935,000 shares of company stock valued at $125,543,790. Insiders own 8.20% of the company’s stock.

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.