Vanguard Group Inc. Has $6.32 Billion Holdings in Apollo Global Management Inc. $APO

Vanguard Group Inc. lifted its position in shares of Apollo Global Management Inc. (NYSE:APO) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,419,652 shares of the financial services provider’s stock after acquiring an additional 1,377,545 shares during the quarter. Vanguard Group Inc. owned approximately 8.29% of Apollo Global Management worth $6,319,617,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Delos Wealth Advisors LLC acquired a new stake in shares of Apollo Global Management during the second quarter valued at about $25,000. Atlantic Union Bankshares Corp raised its holdings in Apollo Global Management by 99.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock valued at $27,000 after buying an additional 99 shares during the last quarter. SJS Investment Consulting Inc. boosted its position in 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 worth $28,000 after buying an additional 191 shares during the period. Nemes Rush Group LLC acquired a new stake in Apollo Global Management during the 2nd quarter worth approximately $30,000. Finally, Andra AP fonden bought a new stake in Apollo Global Management during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on APO shares. The Goldman Sachs Group reiterated a “buy” rating and set a $165.00 price target on shares of Apollo Global Management in a report on Monday, February 9th. BMO Capital Markets set a $136.00 target price on Apollo Global Management and gave the stock a “market perform” rating in a report on Tuesday, November 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, February 10th. Barclays cut their price objective on Apollo Global Management from $168.00 to $158.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 10th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating for the company in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average target price of $164.79.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 6,000 shares of Apollo Global Management stock in a transaction on Monday, December 1st. The shares were sold at an average price of $131.41, for a total value of $788,460.00. Following the completion of the sale, the chief financial officer 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.50% of the stock is currently owned by corporate insiders.

Apollo Global Management Stock Down 0.3%

Shares of NYSE APO opened at $124.99 on Tuesday. The company has a quick ratio of 1.49, a current ratio of 1.31 and a debt-to-equity ratio of 0.33. The firm has a market cap of $72.55 billion, a PE ratio of 22.64, a P/E/G ratio of 1.08 and a beta of 1.57. The company’s fifty day simple moving average is $140.75 and its 200 day simple moving average is $135.62. Apollo Global Management Inc. has a 12-month low of $102.58 and a 12-month high of $164.22.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Monday, February 9th. The financial services provider reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.43. The firm had revenue of $9.86 billion for the quarter, compared to analyst estimates of $1.19 billion. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.39 earnings per share. As a group, sell-side analysts forecast that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Thursday, February 19th will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, February 19th. Apollo Global Management’s dividend payout ratio (DPR) is 36.96%.

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.