Apollo Global Management Inc. $APO Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. raised its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 24.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,294 shares of the financial services provider’s stock after buying an additional 5,870 shares during the period. TD Waterhouse Canada Inc.’s holdings in Apollo Global Management were worth $3,516,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Pension & Wealth Management Advisors Inc. boosted its stake in shares of Apollo Global Management by 34.7% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 2,493 shares of the financial services provider’s stock worth $289,000 after acquiring an additional 642 shares in the last quarter. Howard Capital Management LLC grew its holdings in shares of Apollo Global Management by 2,725.9% in the 3rd quarter. Howard Capital Management LLC now owns 66,211 shares of the financial services provider’s stock worth $7,684,000 after acquiring an additional 63,868 shares during the last quarter. NFSG Corp raised its position in shares of Apollo Global Management by 303.4% during the third quarter. NFSG Corp now owns 1,069 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 804 shares during the period. V Square Quantitative Management LLC raised its position in shares of Apollo Global Management by 6.5% during the third quarter. V Square Quantitative Management LLC now owns 11,213 shares of the financial services provider’s stock worth $1,301,000 after purchasing an additional 687 shares during the period. Finally, State of Alaska Department of Revenue raised its position in shares of Apollo Global Management by 196.8% during the third quarter. State of Alaska Department of Revenue now owns 134,113 shares of the financial services provider’s stock worth $15,565,000 after purchasing an additional 88,922 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 3,000 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction 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. The trade was a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Piper Sandler decreased their price target on Apollo Global Management from $159.00 to $145.00 and set an “overweight” rating for the company in a research report on Monday. Barclays lifted their price target on Apollo Global Management from $132.00 to $157.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Bank of America cut their price objective on Apollo Global Management from $163.00 to $161.00 in a report on Monday, October 5th. Wells Fargo & Company started coverage on Apollo Global Management in a report on Friday, October 2nd. They set an “equal weight” rating and a $127.00 price objective on the stock. Finally, BMO Capital Markets upped their price objective on shares of Apollo Global Management from $126.00 to $134.00 and gave the company a “market perform” rating in a research note on Monday, August 10th. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $151.90.

Apollo Global Management Trading Up 0.4%

NYSE APO opened at $111.36 on Wednesday. The firm’s 50 day moving average price is $125.77 and its two-hundred 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 twelve month low of $99.56 and a twelve month high of $153.29. The stock has a market cap of $65.76 billion, a price-to-earnings ratio of 40.79, a PEG ratio of 0.99 and a beta of 1.58.

Apollo Global Management (NYSE:APO) last released its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). The business had revenue of $5.57 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company earned $1.92 EPS. Equities analysts anticipate that Apollo Global Management Inc. will post 7.99 EPS for the current year.

Apollo Global Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th were issued a dividend of $0.5625 per share. The ex-dividend date was Wednesday, August 19th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 2.0%. Apollo Global Management’s payout ratio is currently 82.42%.

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.