Centaurus Financial Inc. Acquires Shares of 3,755 Apollo Global Management Inc. $APO

Centaurus Financial Inc. bought a new stake in Apollo Global Management Inc. (NYSE:APO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,755 shares of the financial services provider’s stock, valued at approximately $444,000.

Several other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its position in Apollo Global Management by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 10,198,837 shares of the financial services provider’s stock worth $1,469,793,000 after purchasing an additional 200,312 shares during the period. Northern Trust Corp boosted its position in shares of Apollo Global Management by 1.4% during the fourth quarter. Northern Trust Corp now owns 4,448,618 shares of the financial services provider’s stock valued at $643,982,000 after buying an additional 62,831 shares during the period. Legal & General Group Plc bought a new position in shares of Apollo Global Management during the second quarter valued at approximately $459,987,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Apollo Global Management by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,288,100 shares of the financial services provider’s stock worth $475,985,000 after buying an additional 98,945 shares during the period. Finally, Boston Partners lifted its stake in shares of Apollo Global Management by 106.7% during the 4th quarter. Boston Partners now owns 3,278,862 shares of the financial services provider’s stock worth $474,384,000 after acquiring an additional 1,692,532 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

APO has been the topic of several research analyst reports. Weiss Ratings raised Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 21st. TD Cowen reissued a “buy” rating on shares of Apollo Global Management in a research note on Thursday, August 6th. UBS Group upped their price target on shares of Apollo Global Management from $157.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. BMO Capital Markets reduced their price target on shares of Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating on the stock in a research note on Monday, July 13th. Finally, Royal Bank Of Canada lifted their price objective on shares of Apollo Global Management from $137.00 to $146.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average price target of $152.77.

Apollo Global Management Price Performance

Shares of APO stock opened at $135.39 on Friday. Apollo Global Management Inc. has a twelve month low of $99.56 and a twelve month high of $153.29. The stock has a market capitalization of $79.95 billion, a price-to-earnings ratio of 49.59, a P/E/G ratio of 1.20 and a beta of 1.51. The stock has a fifty day simple moving average of $126.22 and a two-hundred day simple moving average of $122.87. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). The firm had revenue of $5.57 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the company posted $1.92 EPS. On average, analysts predict that Apollo Global Management Inc. will post 8.08 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 1.7%. The ex-dividend date is Wednesday, August 19th. Apollo Global Management’s dividend payout ratio is presently 82.42%.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $140.84, for a total transaction of $422,520.00. Following the transaction, the chief financial officer owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. This trade represents a 0.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company 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.