Aviva PLC Has $85.28 Million Position in Apollo Global Management Inc. $APO

Aviva PLC increased its stake in Apollo Global Management Inc. (NYSE:APO) by 3.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 601,138 shares of the financial services provider’s stock after purchasing an additional 22,037 shares during the period. Aviva PLC owned 0.11% of Apollo Global Management worth $85,283,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Y.D. More Investments Ltd raised its position in shares of Apollo Global Management by 14.4% during the first quarter. Y.D. More Investments Ltd now owns 619 shares of the financial services provider’s stock worth $85,000 after acquiring an additional 78 shares during the last quarter. Walled Lake Planning & Wealth Management LLC raised its holdings in Apollo Global Management by 3.3% during the 1st quarter. Walled Lake Planning & Wealth Management LLC now owns 2,516 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 80 shares during the last quarter. GW&K Investment Management LLC raised its holdings in 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. Tower Wealth Partners Inc. lifted its position in Apollo Global Management by 4.7% during the 2nd quarter. Tower Wealth Partners Inc. now owns 2,086 shares of the financial services provider’s stock valued at $296,000 after purchasing an additional 94 shares during the period. Finally, Arkadios Wealth Advisors boosted its stake in shares of Apollo Global Management by 0.9% in the 1st quarter. Arkadios Wealth Advisors now owns 10,896 shares of the financial services provider’s stock valued at $1,492,000 after purchasing an additional 99 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on APO shares. Barclays lifted their price target on shares of Apollo Global Management from $147.00 to $158.00 and gave the stock an “overweight” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a report on Wednesday, October 8th. Piper Sandler reiterated an “overweight” rating on shares of Apollo Global Management in a research report on Tuesday, October 7th. Keefe, Bruyette & Woods raised their price target on Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Evercore ISI upped their price objective on Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

Apollo Global Management Trading Up 2.6%

APO opened at $132.34 on Friday. The firm’s fifty day moving average is $130.95 and its two-hundred day moving average is $136.31. The firm has a market cap of $75.70 billion, a PE ratio of 24.74, a price-to-earnings-growth ratio of 1.42 and a beta of 1.63. Apollo Global Management Inc. has a twelve month low of $102.58 and a twelve month high of $189.49. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.24. The business had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $4.92 billion. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. The firm’s quarterly revenue was down 20.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 EPS. Equities research analysts anticipate that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 17th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, November 17th. Apollo Global Management’s payout ratio is 29.82%.

Insider Activity at Apollo Global Management

In other news, insider Leon D. Black sold 915,000 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total value of $122,637,450.00. Following the completion of the transaction, the insider owned 4,526,000 shares in the company, valued at $606,619,780. This represents a 16.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martin Kelly sold 15,500 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the sale, the chief financial officer directly owned 332,399 shares of the company’s stock, valued at $48,234,418.89. This represents a 4.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 8.20% of the stock is currently owned by insiders.

Apollo Global Management 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.