Apollo Global Management Inc. $APO Stock Holdings Lifted by Curated Wealth Partners LLC

Curated Wealth Partners LLC lifted its position in shares of Apollo Global Management Inc. (NYSE:APO) by 91.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,205,762 shares of the financial services provider’s stock after purchasing an additional 1,055,818 shares during the period. Apollo Global Management comprises 21.4% of Curated Wealth Partners LLC’s portfolio, making the stock its largest position. Curated Wealth Partners LLC’s holdings in Apollo Global Management were worth $255,887,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Apollo Global Management by 4.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider’s stock worth $669,372,000 after buying an additional 234,517 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of Apollo Global Management during the second quarter worth $459,987,000. Bank of New York Mellon Corp bought a new stake in shares of Apollo Global Management during the 2nd quarter valued at about $336,644,000. Temasek Holdings Private Ltd raised its stake in Apollo Global Management by 214.4% during the first quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock worth $263,861,000 after acquiring an additional 1,614,813 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Apollo Global Management by 15.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,976,083 shares of the financial services provider’s stock valued at $220,149,000 after purchasing an additional 266,732 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Down 0.7%

Shares of APO traded down $0.74 during midday trading on Thursday, reaching $112.65. 1,407,075 shares of the stock were exchanged, compared to its average volume of 4,230,138. The firm has a 50 day simple moving average of $127.41 and a 200-day simple moving average of $125.19. Apollo Global Management Inc. has a 12-month low of $99.56 and a 12-month high of $153.29. The company has a market cap of $66.52 billion, a price-to-earnings ratio of 41.25, a P/E/G ratio of 1.03 and a beta of 1.58. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.34.

Apollo Global Management (NYSE:APO) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 EPS 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 for the quarter, compared to analyst estimates of $5.65 billion. During the same period in the previous year, the company earned $1.92 earnings per share. Research analysts forecast that Apollo Global Management Inc. will post 8.00 EPS for the current year.

Apollo Global Management Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 2.0%. The ex-dividend date was Wednesday, August 19th. Apollo Global Management’s dividend payout ratio (DPR) is currently 82.42%.

Analysts Set New Price Targets

APO has been the topic of several recent research reports. BMO Capital Markets lifted 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 report on Monday, August 10th. JPMorgan Chase & Co. increased their target price on shares of Apollo Global Management from $150.00 to $154.00 and gave the company an “overweight” rating in a research report on Wednesday, September 2nd. Wells Fargo & Company initiated coverage on Apollo Global Management in a report on Friday, October 2nd. They set an “equal weight” rating and a $127.00 target price on the stock. Evercore lifted their price objective on shares of Apollo Global Management from $145.00 to $146.00 in a research note on Thursday, October 8th. Finally, Barclays upped their price target on Apollo Global Management from $132.00 to $157.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average target price of $152.60.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $55,847,707.72. The trade was a 0.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 8.30% of the company’s stock.

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative asset manager that provides investment management and related services to institutional investors, companies, family offices and individual investors. The firm invests across private equity, credit and real assets, with strategies spanning corporate lending, private and public debt, infrastructure, real estate and other long-term investments.

Apollo also manages retirement and insurance-related assets through Athene, a retirement services company affiliated with Apollo.