AustralianSuper Pty Ltd Purchases New Holdings in Apollo Global Management Inc. $APO

AustralianSuper Pty Ltd purchased a new stake in Apollo Global Management Inc. (NYSE:APO) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 5,888 shares of the financial services provider’s stock, valued at approximately $852,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of APO. Schnieders Capital Management LLC. purchased a new position in Apollo Global Management in the 2nd quarter valued at about $7,954,000. Baird Financial Group Inc. lifted its stake in Apollo Global Management by 117.5% in the 2nd quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider’s stock valued at $2,287,000 after buying an additional 8,709 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in Apollo Global Management by 4.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider’s stock valued at $949,000 after buying an additional 305 shares in the last quarter. Nebula Research & Development LLC purchased a new position in Apollo Global Management in the 2nd quarter valued at about $722,000. Finally, Northern Right Capital Management L.P. lifted its stake in Apollo Global Management by 1.5% in the 2nd quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider’s stock valued at $24,542,000 after buying an additional 2,500 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Barclays raised their price target on shares of Apollo Global Management from $125.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Evercore reissued an “outperform” rating on shares of Apollo Global Management in a research note on Tuesday, April 21st. Morgan Stanley decreased their target price on shares of Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Apollo Global Management in a research note on Thursday, May 7th. Finally, Argus raised shares of Apollo Global Management to a “strong-buy” rating in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and a consensus price target of $150.75.

Apollo Global Management Stock Down 0.2%

APO stock opened at $135.23 on Friday. The firm has a market cap of $77.96 billion, a PE ratio of 86.13, a PEG ratio of 1.13 and a beta of 1.52. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.73. The firm’s 50 day moving average price is $116.51 and its 200-day moving average price is $127.73. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $157.28.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, beating the consensus estimate of $1.89 by $0.05. The firm had revenue of $5.06 billion for the quarter, compared to analyst estimates of $5.19 billion. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.82 EPS. On average, equities research analysts anticipate that Apollo Global Management Inc. will post 8.37 EPS for the current year.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th will be given a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, May 19th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s dividend payout ratio is presently 129.94%.

Apollo Global Management Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.