OMERS ADMINISTRATION Corp Makes New $4.01 Million Investment in Apollo Global Management Inc. $APO

OMERS ADMINISTRATION Corp acquired a new position in shares of Apollo Global Management Inc. (NYSE:APO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 33,880 shares of the financial services provider’s stock, valued at approximately $4,008,000.

Other hedge funds have also made changes to their positions in the company. Osmosis Investment Management UK Ltd acquired a new stake in Apollo Global Management during the second quarter worth about $1,595,000. Sanctuary Advisors LLC bought a new stake in shares of Apollo Global Management during the second quarter valued at approximately $13,288,000. Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of Apollo Global Management in the second quarter valued at $224,000. Pinnacle Holdings LLC acquired a new position in shares of Apollo Global Management in the second quarter valued at $58,000. Finally, Haverford Trust Co bought a new position in Apollo Global Management in the second quarter worth $378,000. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Up 0.4%

Shares of APO opened at $133.27 on Wednesday. The company has a market capitalization of $78.70 billion, a P/E ratio of 48.82, a PEG ratio of 1.20 and a beta of 1.51. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $153.29. The business’s 50 day simple moving average is $126.46 and its 200-day simple moving average is $122.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). The business had revenue of $5.57 billion for 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 business earned $1.92 earnings per share. As a group, sell-side analysts predict that Apollo Global Management Inc. will post 8.08 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, August 19th. Apollo Global Management’s dividend payout ratio is 82.42%.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the completion of the sale, the chief financial officer directly owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. The trade was a 0.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on APO shares. Barclays boosted their price target on shares of Apollo Global Management from $132.00 to $157.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Royal Bank Of Canada lifted their target price on shares of Apollo Global Management from $137.00 to $146.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. Wall Street Zen raised shares of Apollo Global Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Morgan Stanley dropped their price target on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Finally, Weiss Ratings raised Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.77.

Apollo Global Management 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.