International Assets Investment Management LLC Acquires 290 Shares of Apollo Global Management Inc. $APO

International Assets Investment Management LLC boosted its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 10.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,968 shares of the financial services provider’s stock after acquiring an additional 290 shares during the period. International Assets Investment Management LLC’s holdings in Apollo Global Management were worth $421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Y.D. More Investments Ltd lifted 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 valued at $85,000 after buying an additional 78 shares during the last quarter. Walled Lake Planning & Wealth Management LLC raised its position in shares of Apollo Global Management by 3.3% in the 1st quarter. Walled Lake Planning & Wealth Management LLC now owns 2,516 shares of the financial services provider’s stock valued at $345,000 after purchasing an additional 80 shares during the last quarter. GW&K Investment Management LLC raised its position in shares of Apollo Global Management by 84.5% in the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 87 shares during the last quarter. World Investment Advisors raised its position in shares of Apollo Global Management by 1.3% in the 1st quarter. World Investment Advisors now owns 7,089 shares of the financial services provider’s stock valued at $971,000 after purchasing an additional 93 shares during the last quarter. Finally, Tower Wealth Partners Inc. raised its position in shares of Apollo Global Management by 4.7% in 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 last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on APO. Piper Sandler reissued an “overweight” rating on shares of Apollo Global Management in a research report on Tuesday, October 7th. Morgan Stanley reduced their price target on shares of Apollo Global Management from $154.00 to $151.00 and set an “equal weight” rating for the company in a research report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Global Management in a research report on Wednesday, October 8th. Evercore ISI raised their price target on shares of Apollo Global Management from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Finally, Citigroup dropped their price objective on shares of Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. One 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $162.57.

Insider Activity

In other news, insider Whitney Chatterjee sold 4,500 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total transaction of $657,135.00. Following the transaction, the insider owned 83,192 shares of the company’s stock, valued at approximately $12,148,527.76. The trade was a 5.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Martin Kelly sold 15,500 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the transaction, the chief financial officer directly owned 332,399 shares in the company, valued at approximately $48,234,418.89. The trade was a 4.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 935,000 shares of company stock valued at $125,543,790. 8.20% of the stock is currently owned by insiders.

Apollo Global Management Stock Performance

NYSE:APO opened at $126.43 on Thursday. The company’s 50-day moving average price is $133.27 and its 200-day moving average price is $135.77. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.37. The company has a market cap of $72.32 billion, a P/E ratio of 23.63, a P/E/G ratio of 1.44 and a beta of 1.68. Apollo Global Management Inc. has a twelve month low of $102.58 and a twelve month high of $189.49.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.08. The firm had revenue of $6,550,000 billion for the quarter, compared to the consensus estimate of $1.01 billion. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. During the same period last year, the firm posted $1.64 earnings per share. On average, sell-side analysts forecast that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 1.6%. Apollo Global Management’s payout ratio is presently 38.13%.

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.