Apollo Global Management Inc. $APO Shares Acquired by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lifted its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 36.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 2,558 shares of the financial services provider’s stock after purchasing an additional 684 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Apollo Global Management were worth $363,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in APO. GW&K Investment Management LLC boosted its holdings in shares of Apollo Global Management by 84.5% during the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 87 shares during the last quarter. ORG Partners LLC lifted its holdings in Apollo Global Management by 285.0% in the first quarter. ORG Partners LLC now owns 231 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 171 shares during the last quarter. Bay Harbor Wealth Management LLC lifted its holdings in Apollo Global Management by 5,200.0% in the second quarter. Bay Harbor Wealth Management LLC now owns 265 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 260 shares during the last quarter. Farmers & Merchants Investments Inc. acquired a new position in Apollo Global Management in the first quarter valued at approximately $39,000. Finally, Rise Advisors LLC acquired a new position in Apollo Global Management in the first quarter valued at approximately $42,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Apollo Global Management

In other news, insider Leon D. Black sold 915,000 shares of the company’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the sale, the insider owned 4,526,000 shares of the company’s stock, valued at approximately $606,619,780. This represents a 16.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Whitney Chatterjee sold 4,500 shares of the company’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total value of $657,135.00. Following the sale, the insider directly owned 83,192 shares in the company, valued at $12,148,527.76. This represents a 5.13% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 935,000 shares of company stock valued at $125,543,790. 8.20% of the stock is currently owned by company insiders.

Apollo Global Management Stock Down 1.2%

Shares of NYSE APO opened at $123.31 on Friday. The firm has a market cap of $70.54 billion, a price-to-earnings ratio of 23.05, a PEG ratio of 1.35 and a beta of 1.68. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. Apollo Global Management Inc. has a 52-week low of $102.58 and a 52-week high of $189.49. The business’s 50 day moving average is $136.61 and its two-hundred day moving average is $136.48.

Apollo Global Management (NYSE:APO) last announced its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.08. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.The company had revenue of $6,550,000 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company earned $1.64 earnings per share. Research analysts predict that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.7%. Apollo Global Management’s dividend payout ratio is currently 38.13%.

Analysts Set New Price Targets

A number of research analysts recently commented on APO shares. Citigroup upped their price objective on Apollo Global Management from $160.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, July 10th. Piper Sandler reiterated an “overweight” rating on shares of Apollo Global Management in a report on Tuesday. Wells Fargo & Company upped their price objective on Apollo Global Management from $160.00 to $173.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Wall Street Zen cut Apollo Global Management from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Finally, Barclays decreased their price objective on Apollo Global Management from $168.00 to $147.00 and set an “overweight” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.57.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.