Apollo Global Management Inc. $APO Shares Bought by Signaturefd LLC

Signaturefd LLC boosted its position in Apollo Global Management Inc. (NYSE:APO) by 812.0% during the third quarter, HoldingsChannel reports. The fund owned 92,752 shares of the financial services provider’s stock after buying an additional 82,582 shares during the quarter. Signaturefd LLC’s holdings in Apollo Global Management were worth $10,765,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in APO. Nykredit A S purchased a new stake in shares of Apollo Global Management during the 2nd quarter valued at approximately $14,515,000. Louisiana State Employees Retirement System bought a new position in Apollo Global Management in the 1st quarter worth approximately $2,641,000. Saudi Central Bank boosted its holdings in Apollo Global Management by 82.6% in the 2nd quarter. Saudi Central Bank now owns 29,346 shares of the financial services provider’s stock worth $3,472,000 after buying an additional 13,278 shares during the period. Cooper Financial Group grew its stake in Apollo Global Management by 1,194.5% in the 3rd quarter. Cooper Financial Group now owns 48,143 shares of the financial services provider’s stock valued at $5,587,000 after buying an additional 44,424 shares in the last quarter. Finally, Deutsche Bank AG purchased a new position in Apollo Global Management in the 2nd quarter valued at approximately $172,290,000. 77.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was 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 $55,847,707.72. This represents a 0.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.30% of the stock is currently owned by insiders.

Apollo Global Management Stock Down 1.8%

APO opened at $112.73 on Friday. The company has a fifty day moving average price of $124.10 and a 200-day moving average price of $125.23. The firm has a market capitalization of $66.57 billion, a P/E ratio of 41.29, a price-to-earnings-growth ratio of 1.04 and a beta of 1.58. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $153.29.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%. The firm had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the previous year, the company posted $1.92 EPS. Equities research analysts expect that Apollo Global Management Inc. will post 7.96 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 19th were given a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 2.0%. The ex-dividend date was Wednesday, August 19th. Apollo Global Management’s payout ratio is presently 82.42%.

Analyst Ratings Changes

APO has been the topic of a number of analyst reports. JPMorgan Chase & Co. boosted their price objective on Apollo Global Management from $150.00 to $154.00 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. BMO Capital Markets raised their target price on Apollo Global Management from $126.00 to $134.00 and gave the stock a “market perform” rating in a research note on Monday, August 10th. Barclays raised their target price on Apollo Global Management from $132.00 to $157.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Rothschild & Co Redburn lifted their target price on Apollo Global Management from $171.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Finally, The Goldman Sachs Group decreased their price target on Apollo Global Management from $154.00 to $148.00 and set a “buy” rating on the stock in a research report on Friday, October 2nd. Fourteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $151.90.

About Apollo Global Management

Apollo Global Management, Inc (NYSE:APO) is a global alternative asset manager that provides investment solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.

Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.