Apollo Global Management Inc. $APO Shares Acquired by Spinecap SAS

Spinecap SAS increased its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 28.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 220,649 shares of the financial services provider’s stock after acquiring an additional 49,143 shares during the period. Apollo Global Management makes up approximately 13.7% of Spinecap SAS’s holdings, making the stock its 3rd largest holding. Spinecap SAS’s holdings in Apollo Global Management were worth $31,941,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Apollo Global Management during the fourth quarter valued at approximately $29,000. Physician Wealth Advisors Inc. boosted its stake in shares of Apollo Global Management by 57.8% in the fourth quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 96 shares during the period. Greykasell Wealth Strategies Inc. purchased a new position in shares of Apollo Global Management in the fourth quarter valued at $42,000. City Holding Co. grew its holdings in Apollo Global Management by 391.9% during the 4th quarter. City Holding Co. now owns 305 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 243 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its stake in Apollo Global Management by 54.4% during the 4th quarter. Cullen Frost Bankers Inc. now owns 366 shares of the financial services provider’s stock worth $53,000 after buying an additional 129 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

Shares of APO stock opened at $137.85 on Friday. The stock has a market capitalization of $79.47 billion, a price-to-earnings ratio of 87.80, a PEG ratio of 1.20 and a beta of 1.50. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $157.28. The company’s 50-day simple moving average is $127.53 and its 200-day simple moving average is $128.17. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.73.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.05. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The firm had revenue of $5.06 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same period in the previous year, the company earned $1.82 earnings per share. Apollo Global Management’s quarterly revenue was down 8.8% on a year-over-year basis. Equities analysts anticipate that Apollo Global Management Inc. will post 8.28 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were issued a $0.5625 dividend. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, May 19th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.6%. Apollo Global Management’s dividend payout ratio (DPR) is presently 143.31%.

Insider Buying and Selling at Apollo Global Management

In related news, insider John P. Zito sold 48,644 shares of the company’s 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 of the company’s stock, valued at approximately $400,302,519.36. This represents a 1.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 8.30% of the company’s stock.

Analysts Set New Price Targets

APO has been the topic of a number of recent analyst reports. Argus upgraded shares of Apollo Global Management to a “strong-buy” rating in a report on Thursday, February 19th. Weiss Ratings downgraded Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Royal Bank Of Canada lifted their target price on Apollo Global Management from $139.00 to $146.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. Piper Sandler boosted their price target on Apollo Global Management from $146.00 to $157.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus price target of $151.23.

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.