Apollo Global Management Inc. $APO Shares Purchased by AlphaQuest LLC

AlphaQuest LLC raised its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 184.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 8,565 shares of the financial services provider’s stock after acquiring an additional 5,552 shares during the quarter. AlphaQuest LLC’s holdings in Apollo Global Management were worth $1,215,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Y.D. More Investments Ltd lifted its holdings in shares of Apollo Global Management by 14.4% during the 1st quarter. Y.D. More Investments Ltd now owns 619 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 78 shares in the last quarter. Walled Lake Planning & Wealth Management LLC raised its position in Apollo Global Management by 3.3% in the first quarter. Walled Lake Planning & Wealth Management LLC now owns 2,516 shares of the financial services provider’s stock valued at $345,000 after purchasing an additional 80 shares during the period. GW&K Investment Management LLC lifted its stake in shares of Apollo Global Management by 84.5% during 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 in the last quarter. World Investment Advisors boosted its position in shares of Apollo Global Management by 1.3% in the first quarter. World Investment Advisors now owns 7,089 shares of the financial services provider’s stock worth $971,000 after buying an additional 93 shares during the period. Finally, Tower Wealth Partners Inc. grew its stake in shares of Apollo Global Management by 4.7% in the second quarter. Tower Wealth Partners Inc. now owns 2,086 shares of the financial services provider’s stock valued at $296,000 after buying an additional 94 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, insider Whitney Chatterjee sold 4,500 shares of the business’s 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 transaction, the insider directly owned 83,192 shares of the company’s stock, valued at $12,148,527.76. The trade was a 5.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Leon D. Black sold 915,000 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the completion of the transaction, the insider owned 4,526,000 shares of the company’s stock, valued at approximately $606,619,780. This trade represents a 16.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 935,000 shares of company stock worth $125,543,790 in the last ninety days. 8.20% of the stock is owned by insiders.

Apollo Global Management Stock Up 1.6%

NYSE:APO opened at $125.06 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average of $132.63 and a 200-day moving average of $136.13. The firm has a market capitalization of $71.54 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 1.43 and a beta of 1.68. 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 released its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.08. The business had revenue of $6,550,000 billion during the quarter, compared to analyst estimates of $1.01 billion. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.During the same quarter in the previous year, the firm posted $1.64 EPS. Analysts predict that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, August 18th. Apollo Global Management’s dividend payout ratio (DPR) is 38.13%.

Analyst Ratings Changes

A number of research firms have weighed in on APO. Piper Sandler restated an “overweight” rating on shares of Apollo Global Management in a report on Tuesday, October 7th. Wells Fargo & Company upped their target price on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Barclays dropped their price target 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. BMO Capital Markets began coverage on Apollo Global Management in a research note on Friday, October 3rd. They set a “market perform” rating and a $132.00 target price for the company. Finally, Morgan Stanley cut their price target on Apollo Global Management from $154.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $162.57.

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.