Apollo Global Management Inc. $APO Shares Acquired by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC lifted its position in Apollo Global Management Inc. (NYSE:APO) by 72.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,947 shares of the financial services provider’s stock after purchasing an additional 5,025 shares during the period. Samalin Investment Counsel LLC’s holdings in Apollo Global Management were worth $1,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. GW&K Investment Management LLC raised its position in shares of Apollo Global Management by 84.5% in the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 87 shares during the period. Activest Wealth Management grew its position in shares of Apollo Global Management by 875.0% during the 2nd quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 175 shares during the period. Rosenberg Matthew Hamilton increased its stake in shares of Apollo Global Management by 6,900.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 207 shares in the last quarter. Andra AP fonden purchased a new position in shares of Apollo Global Management in the 2nd quarter valued at about $31,000. Finally, Bay Harbor Wealth Management LLC raised its holdings in Apollo Global Management by 5,200.0% in the 2nd quarter. Bay Harbor Wealth Management LLC now owns 265 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 260 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Apollo Global Management

In related news, insider Leon D. Black sold 915,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $134.03, for a total value of $122,637,450.00. Following the completion of the sale, the insider owned 4,526,000 shares of the company’s stock, valued at approximately $606,619,780. This trade represents a 16.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Martin Kelly sold 15,500 shares of the business’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total value of $2,249,205.00. Following the transaction, the chief financial officer directly owned 332,399 shares in the company, valued at $48,234,418.89. This trade represents a 4.46% decrease in their position. The disclosure for this sale is available in the SEC filing. 8.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on APO shares. Wall Street Zen raised Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Saturday. Morgan Stanley cut their price target on shares of Apollo Global Management from $154.00 to $151.00 and set an “equal weight” rating for the company in a report on Tuesday, October 21st. Evercore ISI upped their price objective on shares of Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Citigroup dropped their target price on shares of Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Finally, BMO Capital Markets began coverage on shares of Apollo Global Management in a research note on Friday, October 3rd. They set a “market perform” rating and a $132.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

Apollo Global Management Trading Up 2.6%

Shares of APO stock opened at $132.34 on Monday. Apollo Global Management Inc. has a fifty-two week low of $102.58 and a fifty-two week high of $189.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27. The stock’s fifty day moving average is $130.95 and its two-hundred day moving average is $136.38. The firm has a market capitalization of $75.70 billion, a P/E ratio of 24.74, a PEG ratio of 1.42 and a beta of 1.63.

Apollo Global Management (NYSE:APO) last released its earnings results on Tuesday, November 4th. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.24. The business had revenue of $9.94 billion during the quarter, compared to analyst estimates of $4.92 billion. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. The company’s revenue for the quarter was down 20.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.29 earnings per share. Research analysts expect that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be issued a $0.51 dividend. The ex-dividend date is Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. Apollo Global Management’s dividend payout ratio is presently 29.82%.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.