Partners Group Holding AG Purchases 30,793 Shares of Apollo Global Management Inc. $APO

Partners Group Holding AG lifted its position in Apollo Global Management Inc. (NYSE:APO) by 4.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 659,563 shares of the financial services provider’s stock after purchasing an additional 30,793 shares during the quarter. Apollo Global Management makes up about 4.9% of Partners Group Holding AG’s portfolio, making the stock its 3rd largest position. Partners Group Holding AG’s holdings in Apollo Global Management were worth $87,900,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of APO. Vanguard Group Inc. raised its position in Apollo Global Management by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 47,419,652 shares of the financial services provider’s stock worth $6,319,617,000 after buying an additional 1,377,545 shares during the last quarter. Amundi boosted its holdings in shares of Apollo Global Management by 68.9% in the 2nd quarter. Amundi now owns 1,311,102 shares of the financial services provider’s stock valued at $187,199,000 after acquiring an additional 534,904 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Apollo Global Management by 5,670.1% in the second quarter. Marshall Wace LLP now owns 395,020 shares of the financial services provider’s stock worth $56,041,000 after acquiring an additional 388,174 shares during the period. Bessemer Group Inc. raised its holdings in shares of Apollo Global Management by 31.1% during the third quarter. Bessemer Group Inc. now owns 1,617,228 shares of the financial services provider’s stock worth $215,530,000 after purchasing an additional 383,198 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its position in Apollo Global Management by 54.3% during the second quarter. Westfield Capital Management Co. LP now owns 761,721 shares of the financial services provider’s stock valued at $108,065,000 after purchasing an additional 268,119 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on APO shares. Royal Bank Of Canada initiated coverage on Apollo Global Management in a research report on Monday. They set a “sector perform” rating and a $142.00 price target on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $165.00 target price on shares of Apollo Global Management in a report on Tuesday, February 10th. Evercore lifted their price target on Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. UBS Group lowered their price objective on Apollo Global Management from $182.00 to $152.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of 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. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $161.27.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 6,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $131.41, for a total value of $788,460.00. Following the transaction, the chief financial officer directly owned 325,604 shares of the company’s stock, valued at approximately $42,787,621.64. This trade represents a 1.81% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.20% of the stock is owned by corporate insiders.

Apollo Global Management Stock Performance

Shares of APO stock opened at $117.27 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33. Apollo Global Management Inc. has a 12-month low of $102.58 and a 12-month high of $157.28. The business’s 50 day moving average is $136.79 and its two-hundred day moving average is $134.52. The company has a market capitalization of $68.07 billion, a P/E ratio of 21.24, a P/E/G ratio of 0.91 and a beta of 1.57.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Monday, February 9th. The financial services provider reported $2.47 EPS for the quarter, beating 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%.During the same period in the previous year, the firm earned $2.39 earnings per share. Apollo Global Management’s revenue for the quarter was up .8% compared to the same quarter last year. Analysts expect that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 19th will be given a $0.51 dividend. The ex-dividend date is Thursday, February 19th. This represents a $2.04 annualized dividend and a dividend yield of 1.7%. Apollo Global Management’s dividend payout ratio (DPR) is 36.96%.

About Apollo Global Management

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.