Lalia Capital LLC Acquires Shares of 93,000 Apollo Global Management Inc. $APO

Lalia Capital LLC acquired a new stake in shares of Apollo Global Management Inc. (NYSE:APO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 93,000 shares of the financial services provider’s stock, valued at approximately $11,003,000. Apollo Global Management accounts for about 5.3% of Lalia Capital LLC’s investment portfolio, making the stock its 7th biggest holding.

Several other hedge funds also recently made changes to their positions in the company. Keebeck Wealth Management purchased a new stake in Apollo Global Management during the 2nd quarter valued at $303,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Apollo Global Management in the second quarter valued at about $31,000. Allworth Financial LP purchased a new position in shares of Apollo Global Management in the second quarter valued at about $263,000. B. Metzler seel. Sohn & Co. AG bought a new position in shares of Apollo Global Management during the second quarter valued at about $2,432,000. Finally, TrinityBridge Ltd bought a new position in shares of Apollo Global Management during the second quarter valued at about $498,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Apollo Global Management

In related news, insider John P. Zito sold 48,644 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the sale, the insider directly owned 3,063,696 shares in the company, valued at $400,302,519.36. The trade was a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $422,520.00. Following the completion of the sale, the chief financial officer directly owned 396,533 shares in the company, valued at approximately $55,847,707.72. The trade was a 0.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 8.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on APO shares. Royal Bank Of Canada raised their target price on Apollo Global Management from $137.00 to $146.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. Keefe, Bruyette & Woods raised Apollo Global Management to a “hold” rating in a research report on Monday, July 20th. Morgan Stanley dropped their price objective on Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. TD Cowen reiterated a “buy” rating on shares of Apollo Global Management in a research report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Apollo Global Management in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $152.77.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $132.63 on Friday. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $153.29. The stock has a market capitalization of $78.32 billion, a P/E ratio of 48.58, a P/E/G ratio of 1.17 and a beta of 1.51. The company’s 50-day moving average is $126.64 and its 200 day moving average is $122.75. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data 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). The company had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.65 billion. Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.During the same quarter last year, the business earned $1.92 earnings per share. On average, sell-side analysts expect that Apollo Global Management Inc. will post 8.08 earnings per share for the current year.

Apollo Global Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be paid a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Wednesday, August 19th. Apollo Global Management’s dividend payout ratio (DPR) is presently 82.42%.

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.