Enterprise Financial Services Corp Invests $248,000 in Apollo Global Management Inc. $APO

Enterprise Financial Services Corp acquired a new position in Apollo Global Management Inc. (NYSE:APO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,750 shares of the financial services provider’s stock, valued at approximately $248,000.

Several other large investors have also bought and sold shares of APO. PFG Advisors grew its position in shares of Apollo Global Management by 6.3% in the 1st quarter. PFG Advisors now owns 2,241 shares of the financial services provider’s stock valued at $307,000 after buying an additional 132 shares during the last quarter. AE Wealth Management LLC lifted its stake in shares of Apollo Global Management by 69.4% in the first quarter. AE Wealth Management LLC now owns 13,944 shares of the financial services provider’s stock worth $1,910,000 after acquiring an additional 5,714 shares during the period. Pinnacle Associates Ltd. lifted its stake in shares of Apollo Global Management by 10.3% in the first quarter. Pinnacle Associates Ltd. now owns 3,980 shares of the financial services provider’s stock worth $545,000 after acquiring an additional 372 shares during the period. Avantax Advisory Services Inc. boosted its holdings in Apollo Global Management by 23.8% in the first quarter. Avantax Advisory Services Inc. now owns 12,462 shares of the financial services provider’s stock valued at $1,707,000 after acquiring an additional 2,397 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in Apollo Global Management by 14.3% during the 1st quarter. Cetera Investment Advisers now owns 73,818 shares of the financial services provider’s stock valued at $10,109,000 after purchasing an additional 9,209 shares during the period. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Trading Up 2.5%

Shares of Apollo Global Management stock opened at $129.96 on Friday. The stock has a market capitalization of $74.34 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 1.42 and a beta of 1.63. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $189.49. The stock has a 50 day moving average price of $129.78 and a two-hundred day moving average price of $135.95. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be issued a dividend of $0.51 per share. The ex-dividend date is Monday, November 17th. This represents a $2.04 annualized dividend and a yield of 1.6%. Apollo Global Management’s dividend payout ratio is presently 29.82%.

Insiders Place Their Bets

In other Apollo Global Management news, insider Leon D. Black sold 915,000 shares of the firm’s stock in a transaction 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 transaction, the insider directly owned 4,526,000 shares of the company’s stock, valued at approximately $606,619,780. This trade 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 accessible through this hyperlink. Insiders own 8.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on APO shares. Wall Street Zen upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Piper Sandler restated an “overweight” rating on shares of Apollo Global Management in a report on Tuesday, October 7th. Keefe, Bruyette & Woods upped their price target on shares of Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Apollo Global Management in a research report on Monday, November 17th. Finally, Citigroup cut their target price on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $163.08.

About Apollo Global Management

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.