Two Sigma Securities LLC Buys 7,913 Shares of Apollo Global Management Inc. $APO

Two Sigma Securities LLC boosted its position in shares of Apollo Global Management Inc. (NYSE:APO) by 352.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 10,158 shares of the financial services provider’s stock after buying an additional 7,913 shares during the period. Two Sigma Securities LLC’s holdings in Apollo Global Management were worth $1,202,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. increased its holdings in shares of Apollo Global Management by 9.0% during the second quarter. Benjamin Edwards Inc. now owns 18,277 shares of the financial services provider’s stock worth $2,162,000 after buying an additional 1,513 shares in the last quarter. Wedbush Securities Inc. boosted its holdings in shares of Apollo Global Management by 16.8% in the 2nd quarter. Wedbush Securities Inc. now owns 2,405 shares of the financial services provider’s stock worth $285,000 after acquiring an additional 346 shares in the last quarter. Greenleaf Trust increased its holdings in Apollo Global Management by 53.0% during the 2nd quarter. Greenleaf Trust now owns 4,039 shares of the financial services provider’s stock valued at $478,000 after purchasing an additional 1,399 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Apollo Global Management by 4.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider’s stock valued at $669,372,000 after purchasing an additional 234,517 shares in the last quarter. Finally, New Mexico Educational Retirement Board raised its position in Apollo Global Management by 9.5% in the 2nd quarter. New Mexico Educational Retirement Board now owns 23,100 shares of the financial services provider’s stock valued at $2,733,000 after purchasing an additional 2,000 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Stock Up 1.4%

Shares of NYSE APO opened at $136.99 on Tuesday. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $153.29. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a market cap of $80.90 billion, a P/E ratio of 50.18, a P/E/G ratio of 1.22 and a beta of 1.51. The firm has a 50 day moving average price of $126.26 and a 200 day moving average price of $122.82.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results 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). Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. The firm had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same period last year, the firm earned $1.92 EPS. Analysts expect that Apollo Global Management Inc. will post 8.08 EPS for the current year.

Apollo Global Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were paid a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, August 19th. Apollo Global Management’s payout ratio is presently 82.42%.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the completion of the transaction, the chief financial officer directly owned 396,533 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.30% of the company’s stock.

Analyst Ratings Changes

APO has been the topic of several research reports. Wall Street Zen upgraded shares of Apollo Global Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. TD Cowen restated a “buy” rating on shares of Apollo Global Management in a research report on Thursday, August 6th. Keefe, Bruyette & Woods raised shares of Apollo Global Management to a “hold” rating in a research note on Monday, July 20th. Barclays upped their target price on shares of Apollo Global Management from $132.00 to $157.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Apollo Global Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.77.

About Apollo Global Management

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.