DekaBank Deutsche Girozentrale Has $12.53 Million Position in Apollo Global Management Inc. $APO

DekaBank Deutsche Girozentrale raised its holdings in Apollo Global Management Inc. (NYSE:APO) by 0.6% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 88,021 shares of the financial services provider’s stock after acquiring an additional 483 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Apollo Global Management were worth $12,529,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its stake in Apollo Global Management by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 550,221 shares of the financial services provider’s stock valued at $75,347,000 after buying an additional 7,441 shares during the last quarter. True North Advisors LLC acquired a new stake in Apollo Global Management in the 1st quarter valued at $2,097,000. Pinnacle Financial Partners Inc increased its stake in Apollo Global Management by 4.9% in the 1st quarter. Pinnacle Financial Partners Inc now owns 92,624 shares of the financial services provider’s stock valued at $12,684,000 after buying an additional 4,341 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its stake in Apollo Global Management by 25.3% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 11,749 shares of the financial services provider’s stock valued at $1,609,000 after buying an additional 2,375 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Apollo Global Management by 24.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider’s stock valued at $490,482,000 after buying an additional 706,181 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Stock Performance

Shares of APO stock opened at $122.97 on Friday. The company has a market capitalization of $70.34 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 1.45 and a beta of 1.68. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27. The company has a 50-day simple moving average of $132.91 and a 200 day simple moving average of $135.85. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $189.49.

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

Apollo Global Management Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on APO shares. Morgan Stanley lowered their price target on shares of Apollo Global Management from $154.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Citigroup lowered their price objective on shares of Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Barclays lowered their price objective on shares of Apollo Global Management from $168.00 to $147.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 8th. Wells Fargo & Company boosted their price objective on shares of Apollo Global Management from $160.00 to $173.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Finally, Wall Street Zen lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $162.57.

Insider Buying and Selling

In related news, insider Whitney Chatterjee sold 4,500 shares of Apollo Global Management stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total transaction of $657,135.00. Following the completion of the sale, the insider owned 83,192 shares of the company’s stock, valued at approximately $12,148,527.76. The trade was a 5.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Martin Kelly sold 15,500 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the completion of the sale, the chief financial officer directly owned 332,399 shares of the company’s stock, valued at $48,234,418.89. This represents a 4.46% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 935,000 shares of company stock valued at $125,543,790. Company 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.