Headlands Technologies LLC Has $905,000 Stock Holdings in Apollo Global Management Inc. $APO

Headlands Technologies LLC boosted its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 287.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,652 shares of the financial services provider’s stock after purchasing an additional 5,678 shares during the quarter. Headlands Technologies LLC’s holdings in Apollo Global Management were worth $905,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. MBM Wealth Consultants LLC bought a new position in Apollo Global Management in the 1st quarter worth approximately $29,000. Steigerwald Gordon & Koch Inc. boosted its position in shares of Apollo Global Management by 484.1% in the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 213 shares during the period. Keating Financial Advisory Services Inc. bought a new stake in shares of Apollo Global Management in the second quarter valued at approximately $31,000. Osbon Capital Management LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter worth $36,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Apollo Global Management in the second quarter worth $38,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Price Performance

NYSE:APO opened at $131.72 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. The company has a 50-day moving average of $126.28 and a 200-day moving average of $122.86. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $153.29. The company has a market capitalization of $77.79 billion, a price-to-earnings ratio of 48.25, a PEG ratio of 1.20 and a beta of 1.52.

Apollo Global Management (NYSE:APO) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. The business 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 firm earned $1.92 EPS. As a group, equities research analysts anticipate that Apollo Global Management Inc. will post 8.08 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were issued a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, August 19th. Apollo Global Management’s payout ratio is presently 82.42%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wall Street Zen upgraded shares of Apollo Global Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. BMO Capital Markets reduced their price target on shares of Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating for the company in a report on Monday, July 13th. TD Cowen restated a “buy” rating on shares of Apollo Global Management in a research report on Thursday, August 6th. HSBC assumed coverage on shares of Apollo Global Management in a report on Monday, July 20th. They set a “buy” rating and a $145.00 price objective on the stock. Finally, Keefe, Bruyette & Woods raised shares of Apollo Global Management to a “hold” rating in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.77.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the sale, the chief financial officer directly owned 396,533 shares in the company, valued at approximately $55,847,707.72. This represents a 0.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 8.30% of the company’s stock.

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.