Odyssean LLC Purchases Shares of 22,205 Apollo Global Management Inc. $APO

Odyssean LLC acquired a new position in shares of Apollo Global Management Inc. (NYSE:APO) during the second quarter, Holdings Channel reports. The fund acquired 22,205 shares of the financial services provider’s stock, valued at approximately $2,627,000.

Several other large investors also recently made changes to their positions in APO. Legal & General Group Plc raised its holdings in Apollo Global Management by 4.5% during the fourth quarter. Legal & General Group Plc now owns 3,611,839 shares of the financial services provider’s stock worth $522,850,000 after buying an additional 155,857 shares during the last quarter. Sandro Wealth Management LLC bought a new position in shares of Apollo Global Management in the fourth quarter valued at $1,599,000. Louisiana State Employees Retirement System acquired a new position in shares of Apollo Global Management during the first quarter valued at about $2,641,000. State of New Jersey Common Pension Fund D increased its position in shares of Apollo Global Management by 6.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 148,803 shares of the financial services provider’s stock worth $21,541,000 after acquiring an additional 9,055 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Apollo Global Management by 13.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 67,512 shares of the financial services provider’s stock worth $9,773,000 after acquiring an additional 8,003 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

APO has been the topic of several recent research reports. Morgan Stanley dropped their price target on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. BMO Capital Markets decreased their price objective on Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating for the company in a report on Monday, July 13th. Keefe, Bruyette & Woods raised Apollo Global Management to a “hold” rating in a research note on Monday, July 20th. UBS Group raised their target price on Apollo Global Management from $157.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Apollo Global Management in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $152.77.

Apollo Global Management Trading Up 0.4%

NYSE:APO opened at $133.27 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a market cap of $78.70 billion, a price-to-earnings ratio of 48.82, a price-to-earnings-growth ratio of 1.20 and a beta of 1.51. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $153.29. The firm has a 50-day moving average price of $126.46 and a two-hundred day moving average price of $122.72.

Apollo Global Management (NYSE:APO) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). The business 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 in the previous year, the firm earned $1.92 EPS. On average, equities analysts expect that Apollo Global Management Inc. will post 8.08 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 Monday, August 31st. Shareholders of record on Wednesday, August 19th will be given a $0.5625 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.25 annualized dividend and a yield of 1.7%. Apollo Global Management’s payout ratio is currently 82.42%.

Insiders Place Their Bets

In other Apollo Global Management news, 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 transaction, the chief financial officer owned 396,533 shares in the company, valued at $55,847,707.72. This represents a 0.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 8.30% of the company’s stock.

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.