Lodge Hill Capital LLC Makes New Investment in Apollo Global Management Inc. $APO

Lodge Hill Capital LLC purchased a new stake in Apollo Global Management Inc. (NYSE:APO) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 125,190 shares of the financial services provider’s stock, valued at approximately $17,144,000. Apollo Global Management makes up about 4.1% of Lodge Hill Capital LLC’s investment portfolio, making the stock its 12th largest holding.

Other hedge funds have also modified their holdings of the company. Fourth Dimension Wealth LLC purchased a new stake in Apollo Global Management in the 4th quarter valued at approximately $25,000. GW&K Investment Management LLC boosted its stake in shares of Apollo Global Management by 84.5% during the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 87 shares during the last quarter. ORG Partners LLC grew its holdings in shares of Apollo Global Management by 285.0% during the first quarter. ORG Partners LLC now owns 231 shares of the financial services provider’s stock worth $32,000 after buying an additional 171 shares in the last quarter. Farmers & Merchants Investments Inc. purchased a new stake in shares of Apollo Global Management during the first quarter worth about $39,000. Finally, Meeder Asset Management Inc. raised its position in shares of Apollo Global Management by 118.6% in the first quarter. Meeder Asset Management Inc. now owns 317 shares of the financial services provider’s stock valued at $43,000 after buying an additional 172 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on APO. Citigroup increased their price target on Apollo Global Management from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, July 10th. Wall Street Zen upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. UBS Group lowered their target price on shares of Apollo Global Management from $170.00 to $155.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. Piper Sandler dropped their price target on shares of Apollo Global Management from $193.00 to $174.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. Finally, Wells Fargo & Company boosted their price objective on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and a consensus price target of $164.56.

Insider Activity at Apollo Global Management

In other news, insider Whitney Chatterjee sold 4,500 shares of the stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total transaction of $657,135.00. Following the completion of the transaction, the insider directly owned 83,192 shares in the company, valued at approximately $12,148,527.76. This represents a 5.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Martin Kelly sold 15,500 shares of Apollo Global Management stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the completion of the sale, the chief financial officer owned 332,399 shares of the company’s stock, valued at approximately $48,234,418.89. This trade represents a 4.46% decrease in their position. The disclosure for this sale can be found here. 8.20% of the stock is owned by insiders.

Apollo Global Management Trading Up 1.0%

NYSE:APO opened at $135.78 on Thursday. Apollo Global Management Inc. has a 12 month low of $102.58 and a 12 month high of $189.49. The business’s 50-day moving average is $143.01 and its two-hundred day moving average is $138.88. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market capitalization of $77.67 billion, a PE ratio of 25.38, a price-to-earnings-growth ratio of 1.45 and a beta of 1.62.

Apollo Global Management (NYSE:APO) last announced its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.84 by $0.08. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.The business had revenue of $6,550,000 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the business posted $1.64 EPS. Research analysts predict 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, August 29th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, August 18th. Apollo Global Management’s dividend payout ratio (DPR) is 38.13%.

Apollo Global Management Profile

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.