Czech National Bank Acquires 4,818 Shares of Apollo Global Management Inc. $APO

Czech National Bank lifted its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 3.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 131,279 shares of the financial services provider’s stock after buying an additional 4,818 shares during the period. Czech National Bank’s holdings in Apollo Global Management were worth $15,532,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sunbelt Securities Inc. boosted its stake in Apollo Global Management by 16.9% in the third quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock valued at $75,000 after buying an additional 82 shares in the last quarter. United Advisor Group LLC raised its stake in Apollo Global Management by 4.7% during the fourth quarter. United Advisor Group LLC now owns 1,948 shares of the financial services provider’s stock worth $282,000 after acquiring an additional 87 shares in the last quarter. Broadway Wealth Solutions Inc. raised its stake in Apollo Global Management by 3.8% during the fourth quarter. Broadway Wealth Solutions Inc. now owns 2,388 shares of the financial services provider’s stock worth $346,000 after acquiring an additional 87 shares in the last quarter. First Horizon Corp lifted its holdings in shares of Apollo Global Management by 8.1% in the fourth quarter. First Horizon Corp now owns 1,228 shares of the financial services provider’s stock worth $178,000 after acquiring an additional 92 shares during the last quarter. Finally, Physician Wealth Advisors Inc. lifted its holdings in shares of Apollo Global Management by 57.8% in the fourth quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 96 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Stock Performance

Shares of APO stock opened at $127.30 on Friday. The firm has a market capitalization of $73.39 billion, a price-to-earnings ratio of 46.63, a PEG ratio of 1.13 and a beta of 1.51. The company has a current ratio of 1.70, a quick ratio of 1.73 and a debt-to-equity ratio of 0.34. The business’s 50-day moving average price is $125.39 and its 200-day moving average price is $122.77. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $153.29.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by ($0.05). The firm had revenue of $1.34 billion during the quarter, compared to analyst estimates of $5.65 billion. Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. During the same period in the prior year, the company earned $1.92 EPS. Equities research analysts forecast that Apollo Global Management Inc. will post 8.17 EPS for the current year.

Apollo Global Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be given a $0.5625 dividend. This represents a $2.25 annualized dividend and a yield of 1.8%. The ex-dividend date is Wednesday, August 19th. Apollo Global Management’s dividend payout ratio is 82.42%.

Insider Transactions at Apollo Global Management

In other news, insider John P. Zito sold 48,644 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the completion of the transaction, the insider owned 3,063,696 shares of the company’s stock, valued at approximately $400,302,519.36. This trade represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.30% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Barclays raised their price target on shares of Apollo Global Management from $132.00 to $157.00 and gave the company an “overweight” rating in a research note on Wednesday. Weiss Ratings cut shares of Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Evercore reissued an “outperform” rating on shares of Apollo Global Management in a research note on Tuesday, April 21st. HSBC initiated coverage on shares of Apollo Global Management in a research report on Monday, July 20th. They issued a “buy” rating and a $145.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $152.77.

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.