Natixis Advisors LLC Acquires 4,930 Shares of Apollo Global Management Inc. $APO

Natixis Advisors LLC increased its holdings in Apollo Global Management Inc. (NYSE:APOFree Report) by 2.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 190,212 shares of the financial services provider’s stock after buying an additional 4,930 shares during the quarter. Natixis Advisors LLC’s holdings in Apollo Global Management were worth $25,350,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in APO. Delos Wealth Advisors LLC purchased a new stake in Apollo Global Management during the second quarter valued at approximately $25,000. Atlantic Union Bankshares Corp boosted its stake in shares of Apollo Global Management by 99.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 99 shares during the last quarter. Sound Income Strategies LLC purchased a new position in shares of Apollo Global Management during the 3rd quarter worth $28,000. SJS Investment Consulting Inc. grew its position in shares of Apollo Global Management by 1,123.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 191 shares during the period. Finally, Nemes Rush Group LLC bought a new stake in shares of Apollo Global Management during the 2nd quarter valued at $30,000. 77.06% of the stock is currently owned by institutional investors.

Key Stories Impacting Apollo Global Management

Here are the key news stories impacting Apollo Global Management this week:

Apollo Global Management Stock Up 0.1%

APO opened at $108.23 on Wednesday. The stock has a market cap of $62.59 billion, a price-to-earnings ratio of 19.61, a price-to-earnings-growth ratio of 0.87 and a beta of 1.61. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.31 and a current ratio of 1.31. The firm’s fifty day moving average is $129.79 and its 200 day moving average is $132.58. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $157.28.

Apollo Global Management (NYSE:APOGet Free Report) last issued its quarterly earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.43. Apollo Global Management had a return on equity of 15.25% and a net margin of 10.90%.Apollo Global Management’s revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the firm posted $2.39 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 19th were paid a $0.51 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.9%. Apollo Global Management’s dividend payout ratio is 36.96%.

Analysts Set New Price Targets

A number of equities analysts recently commented on APO shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a report on Monday, December 29th. Wolfe Research reissued an “outperform” rating on shares of Apollo Global Management in a report on Wednesday, January 7th. Piper Sandler restated an “overweight” rating and issued a $165.00 price target on shares of Apollo Global Management in a research report on Tuesday, February 10th. JPMorgan Chase & Co. decreased their price objective on Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Apollo Global Management in a research report on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus price target of $159.47.

Get Our Latest Analysis on APO

About Apollo Global Management

(Free Report)

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.

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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