United Capital Financial Advisors LLC Takes $842,000 Position in Apollo Global Management Inc. $APO

United Capital Financial Advisors LLC acquired a new stake in shares of Apollo Global Management Inc. (NYSE:APO) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,116 shares of the financial services provider’s stock, valued at approximately $842,000.

A number of other large investors have also recently bought and sold shares of APO. Osbon Capital Management LLC acquired a new position in Apollo Global Management in the fourth quarter valued at approximately $36,000. Steigerwald Gordon & Koch Inc. raised its position in shares of Apollo Global Management by 484.1% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 213 shares during the period. MBM Wealth Consultants LLC bought a new stake in shares of Apollo Global Management in the 1st quarter worth approximately $29,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Apollo Global Management in the 2nd quarter worth approximately $31,000. Finally, Greykasell Wealth Strategies Inc. acquired a new position in Apollo Global Management during the 4th quarter valued at approximately $42,000. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Up 0.3%

APO opened at $135.39 on Monday. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $153.29. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a market cap of $79.95 billion, a P/E ratio of 49.59, a P/E/G ratio of 1.22 and a beta of 1.51. The stock’s 50 day moving average price is $126.22 and its 200 day moving average price is $122.79.

Apollo Global Management (NYSE:APO) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing the consensus estimate 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 for 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, research analysts predict that Apollo Global Management Inc. will post 8.08 earnings per share for the current year.

Apollo Global Management Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently commented on APO shares. TD Cowen restated a “buy” rating on shares of Apollo Global Management in a research note on Thursday, August 6th. 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. Keefe, Bruyette & Woods upgraded shares of Apollo Global Management to a “hold” rating in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. Finally, Weiss Ratings upgraded shares of Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 21st. One 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $152.77.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 3,000 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $140.84, for a total value of $422,520.00. Following the completion of the sale, the chief financial officer owned 396,533 shares of the company’s stock, valued at $55,847,707.72. This represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 8.30% of the stock is currently owned by corporate insiders.

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.