44,424 Apollo Global Management Inc. $APO Shares Acquired by Cooper Financial Group

Cooper Financial Group boosted its stake in Apollo Global Management Inc. (NYSE:APO) by 1,194.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 48,143 shares of the financial services provider’s stock after buying an additional 44,424 shares during the period. Cooper Financial Group’s holdings in Apollo Global Management were worth $5,587,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Apollo Global Management by 4.3% during the second 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 worth $669,372,000 after acquiring an additional 234,517 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Apollo Global Management during the second quarter worth approximately $459,987,000. Boston Partners grew its position in shares of Apollo Global Management by 106.7% in the fourth quarter. Boston Partners now owns 3,278,862 shares of the financial services provider’s stock valued at $474,384,000 after purchasing an additional 1,692,532 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Apollo Global Management by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 2,901,110 shares of the financial services provider’s stock valued at $323,242,000 after purchasing an additional 188,668 shares during the last quarter. Finally, Mariner LLC increased its stake in shares of Apollo Global Management by 15.9% during the fourth quarter. Mariner LLC now owns 2,433,623 shares of the financial services provider’s stock worth $355,001,000 after purchasing an additional 334,031 shares during the period. 77.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on APO. Morgan Stanley dropped their price target on Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. UBS Group upped their price objective on Apollo Global Management from $157.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Weiss Ratings upgraded Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Royal Bank Of Canada boosted 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. Finally, 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. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $150.36.

Apollo Global Management Price Performance

Apollo Global Management stock traded down $0.42 during mid-day trading on Wednesday, reaching $115.53. 2,675,948 shares of the company were exchanged, compared to its average volume of 4,261,069. The firm has a market cap of $68.23 billion, a PE ratio of 42.32, a PEG ratio of 1.01 and a beta of 1.58. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. The company has a fifty day simple moving average of $128.60 and a 200-day simple moving average of $124.95. 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 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). Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. The company had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the previous year, the company posted $1.92 earnings per share. As a group, equities research analysts expect that Apollo Global Management Inc. will post 8.04 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were paid a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Wednesday, August 19th. Apollo Global Management’s dividend payout ratio is presently 82.42%.

Insider Buying and Selling

In other news, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.30% of the stock is currently owned by corporate insiders.

Apollo Global Management Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative asset manager that provides investment management and related services to institutional investors, companies, family offices and individual investors. The firm invests across private equity, credit and real assets, with strategies spanning corporate lending, private and public debt, infrastructure, real estate and other long-term investments.

Apollo also manages retirement and insurance-related assets through Athene, a retirement services company affiliated with Apollo.