Qsemble Capital Management LP Invests $805,000 in Apollo Global Management, Inc. (NYSE:APO)

Qsemble Capital Management LP purchased a new position in Apollo Global Management, Inc. (NYSE:APO) during the first quarter, HoldingsChannel.com reports. The fund purchased 7,163 shares of the financial services provider’s stock, valued at approximately $805,000.

A number of other large investors also recently modified their holdings of APO. EP Wealth Advisors LLC bought a new position in shares of Apollo Global Management in the 3rd quarter worth about $228,000. B. Riley Wealth Advisors Inc. lifted its position in Apollo Global Management by 11.1% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 11,579 shares of the financial services provider’s stock valued at $1,039,000 after purchasing an additional 1,159 shares during the last quarter. DNB Asset Management AS lifted its position in Apollo Global Management by 3.6% in the 4th quarter. DNB Asset Management AS now owns 180,556 shares of the financial services provider’s stock valued at $16,826,000 after purchasing an additional 6,344 shares during the last quarter. Fulton Bank N.A. lifted its position in Apollo Global Management by 3.9% in the 4th quarter. Fulton Bank N.A. now owns 4,583 shares of the financial services provider’s stock valued at $427,000 after purchasing an additional 170 shares during the last quarter. Finally, First Hawaiian Bank lifted its position in Apollo Global Management by 146.6% in the 4th quarter. First Hawaiian Bank now owns 5,874 shares of the financial services provider’s stock valued at $547,000 after purchasing an additional 3,492 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $111.29, for a total transaction of $3,338,700.00. Following the sale, the chief financial officer now owns 359,445 shares in the company, valued at $40,002,634.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.50% of the stock is currently owned by insiders.

Apollo Global Management Price Performance

Shares of APO traded up $1.50 during mid-day trading on Tuesday, hitting $124.00. The company’s stock had a trading volume of 2,180,848 shares, compared to its average volume of 2,388,928. The firm has a 50-day moving average price of $116.18 and a 200 day moving average price of $110.13. The stock has a market capitalization of $70.45 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 1.00 and a beta of 1.59. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.60 and a quick ratio of 1.60. Apollo Global Management, Inc. has a fifty-two week low of $77.11 and a fifty-two week high of $124.01.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.21). The business had revenue of $839.00 million during the quarter, compared to analyst estimates of $827.33 million. Apollo Global Management had a return on equity of 19.12% and a net margin of 16.27%. On average, research analysts predict that Apollo Global Management, Inc. will post 7.11 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were paid a $0.463 dividend. The ex-dividend date was Thursday, May 16th. This represents a $1.85 annualized dividend and a dividend yield of 1.49%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.43. Apollo Global Management’s payout ratio is currently 20.49%.

Analyst Ratings Changes

Several analysts recently weighed in on APO shares. JPMorgan Chase & Co. lifted their price objective on shares of Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. Barclays cut their price objective on shares of Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating on the stock in a research report on Friday, May 3rd. Jefferies Financial Group cut their price objective on shares of Apollo Global Management from $119.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. TD Cowen raised their target price on shares of Apollo Global Management from $146.00 to $147.00 and gave the company a “buy” rating in a research note on Monday, July 8th. Finally, JMP Securities reissued a “market perform” rating on shares of Apollo Global Management in a research note on Tuesday, April 9th. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $119.29.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.