Bleakley Financial Group LLC Acquires 506 Shares of Apollo Global Management, Inc. (NYSE:APO)

Bleakley Financial Group LLC raised its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 2.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,482 shares of the financial services provider’s stock after purchasing an additional 506 shares during the quarter. Bleakley Financial Group LLC’s holdings in Apollo Global Management were worth $2,434,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Curated Wealth Partners LLC lifted its holdings in Apollo Global Management by 200.3% during the 2nd quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock valued at $278,945,000 after buying an additional 4,717,661 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Apollo Global Management by 40.3% during the first quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock valued at $532,852,000 after acquiring an additional 1,360,525 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Apollo Global Management by 199.8% in the first quarter. Jennison Associates LLC now owns 925,222 shares of the financial services provider’s stock valued at $104,041,000 after purchasing an additional 616,575 shares during the period. Massachusetts Financial Services Co. MA bought a new position in Apollo Global Management in the second quarter worth approximately $62,972,000. Finally, 1832 Asset Management L.P. increased its holdings in Apollo Global Management by 66.0% during the 1st quarter. 1832 Asset Management L.P. now owns 1,257,460 shares of the financial services provider’s stock worth $141,401,000 after purchasing an additional 499,930 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Trading Down 0.1 %

NYSE APO opened at $144.99 on Friday. The stock has a market cap of $82.38 billion, a P/E ratio of 16.06, a P/E/G ratio of 1.39 and a beta of 1.62. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. Apollo Global Management, Inc. has a 12-month low of $77.11 and a 12-month high of $146.82. The company has a fifty day simple moving average of $120.81 and a two-hundred day simple moving average of $116.85.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.03). Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. The firm had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $873.18 million. During the same quarter in the previous year, the firm posted $1.54 EPS. On average, analysts forecast that Apollo Global Management, Inc. will post 6.66 earnings per share for the current year.

Apollo Global Management Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend was Friday, August 16th. Apollo Global Management’s dividend payout ratio is presently 20.49%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on APO shares. Argus lowered their target price on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Wells Fargo & Company increased their target price on shares of Apollo Global Management from $148.00 to $149.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. The Goldman Sachs Group boosted their price target on shares of Apollo Global Management from $128.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Redburn Partners initiated coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective for the company. Finally, StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.06.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, Director Pauline Richards bought 2,351 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average price of $104.92 per share, with a total value of $246,666.92. Following the completion of the acquisition, the director now directly owns 85,854 shares in the company, valued at approximately $9,007,801.68. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.50% of the company’s stock.

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.