Apollo Global Management Inc. $APO Shares Acquired by National Pension Service

National Pension Service increased its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 3.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 879,811 shares of the financial services provider’s stock after acquiring an additional 33,191 shares during the period. National Pension Service owned approximately 0.15% of Apollo Global Management worth $104,090,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Schnieders Capital Management LLC. purchased a new stake in Apollo Global Management in the 2nd quarter worth $7,954,000. Baird Financial Group Inc. grew its position in shares of Apollo Global Management by 117.5% in the second quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider’s stock valued at $2,287,000 after purchasing an additional 8,709 shares during the period. Gamco Investors INC. ET AL raised its position in shares of Apollo Global Management by 4.8% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider’s stock worth $949,000 after purchasing an additional 305 shares during the last quarter. Nebula Research & Development LLC acquired a new position in shares of Apollo Global Management during the 2nd quarter worth 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. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

NYSE APO opened at $127.91 on Friday. The stock has a market cap of $75.54 billion, a PE ratio of 46.85, a P/E/G ratio of 1.15 and a beta of 1.52. 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 Inc. has a twelve month low of $99.56 and a twelve month high of $153.29. The stock has a fifty day simple moving average of $128.11 and a 200-day simple moving average of $123.29.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by ($0.05). Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. The company had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter last year, the firm posted $1.92 earnings per share. Equities analysts anticipate that Apollo Global Management Inc. will post 8.08 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th were paid a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, August 19th. Apollo Global Management’s payout ratio is 82.42%.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $140.84, for a total value of $422,520.00. Following the transaction, the chief financial officer directly owned 396,533 shares in the company, valued at approximately $55,847,707.72. This represents a 0.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 8.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on APO shares. Piper Sandler reduced their target price on Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, July 13th. TD Cowen reaffirmed a “buy” rating on shares of Apollo Global Management in a research note on Thursday, August 6th. UBS Group boosted their price target on Apollo Global Management from $157.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. HSBC assumed coverage on Apollo Global Management in a research note on Monday, July 20th. They issued a “buy” rating and a $145.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their target price on shares of Apollo Global Management from $150.00 to $154.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. One investment 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $152.15.

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative asset manager that provides investment management and retirement services. The company serves institutional investors, businesses and individual investors through a range of strategies focused on private equity, credit, real assets and other long-term investments.

Apollo’s asset-management business invests across industries and geographies, with activities that include corporate and structured credit, private equity, infrastructure, real estate and hybrid strategies.