Apollo Global Management Inc. $APO Holdings Lifted by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lifted its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 61.7% in the third quarter, HoldingsChannel.com reports. The fund owned 48,011 shares of the financial services provider’s stock after acquiring an additional 18,317 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Apollo Global Management were worth $5,257,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APO. Islay Capital Management LLC lifted its stake in Apollo Global Management by 8.8% in the third quarter. Islay Capital Management LLC now owns 8,442 shares of the financial services provider’s stock valued at $980,000 after purchasing an additional 685 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Apollo Global Management by 174.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 162,715 shares of the financial services provider’s stock worth $18,885,000 after purchasing an additional 103,326 shares during the period. CWA Asset Management Group LLC grew its stake in Apollo Global Management by 85.9% during the third quarter. CWA Asset Management Group LLC now owns 7,125 shares of the financial services provider’s stock valued at $754,000 after acquiring an additional 3,293 shares in the last quarter. Tanager Wealth Management LLP purchased a new position in shares of Apollo Global Management during the 3rd quarter valued at $203,000. Finally, Clark Wealth Partners increased its stake in Apollo Global Management by 3,257.1% in the 3rd quarter. Clark Wealth Partners now owns 2,115 shares of the financial services provider’s stock worth $245,000 after acquiring an additional 2,052 shares during the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Trading Up 0.4%

Shares of NYSE APO opened at $111.36 on Wednesday. The firm’s 50 day moving average price is $125.77 and its 200-day moving average price is $125.23. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $153.29. The company has a market cap of $65.76 billion, a PE ratio of 40.79, a P/E/G ratio of 0.99 and a beta of 1.58.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%. The business had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter in the prior year, the firm earned $1.92 EPS. On average, equities research analysts expect that Apollo Global Management Inc. will post 7.99 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were given a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 19th. Apollo Global Management’s payout ratio is 82.42%.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the transaction, the chief financial officer directly owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. TD Cowen decreased their price target on shares of Apollo Global Management from $159.00 to $154.00 and set a “buy” rating on the stock in a report on Monday, October 12th. UBS Group cut their target price on shares of Apollo Global Management from $172.00 to $163.00 and set a “buy” rating on the stock in a report on Tuesday, October 13th. The Goldman Sachs Group reduced their price target on Apollo Global Management from $154.00 to $148.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Piper Sandler decreased their price objective on shares of Apollo Global Management from $159.00 to $145.00 and set an “overweight” rating for the company in a report on Monday. Finally, Keefe, Bruyette & Woods raised Apollo Global Management to a “hold” rating in a research report on Monday, July 20th. Fourteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.90.

Apollo Global Management Profile

Apollo Global Management, Inc (NYSE:APO) is a global alternative asset manager that provides investment solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.

Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.