InTrack Investment Management Inc Boosts Stock Position in Apollo Global Management, Inc. (NYSE:APO)

InTrack Investment Management Inc raised its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 56.2% in the 3rd quarter, Holdings Channel reports. The firm owned 4,021 shares of the financial services provider’s stock after purchasing an additional 1,447 shares during the quarter. InTrack Investment Management Inc’s holdings in Apollo Global Management were worth $502,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in APO. Los Angeles Capital Management LLC lifted its holdings in Apollo Global Management by 112.3% during the 1st quarter. Los Angeles Capital Management LLC now owns 1,045,422 shares of the financial services provider’s stock valued at $117,558,000 after buying an additional 552,893 shares in the last quarter. Empowered Funds LLC boosted its holdings in shares of Apollo Global Management by 193.3% in the first quarter. Empowered Funds LLC now owns 51,181 shares of the financial services provider’s stock valued at $5,755,000 after purchasing an additional 33,731 shares during the period. Diversified Trust Co bought a new position in Apollo Global Management in the first quarter worth approximately $1,731,000. Jennison Associates LLC increased its holdings in Apollo Global Management by 199.8% during the 1st quarter. Jennison Associates LLC now owns 925,222 shares of the financial services provider’s stock worth $104,041,000 after purchasing an additional 616,575 shares during the period. Finally, PGGM Investments purchased a new stake in shares of Apollo Global Management in the 1st quarter worth $840,000. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Trading Up 1.7 %

Shares of Apollo Global Management stock opened at $140.21 on Friday. Apollo Global Management, Inc. has a 12-month low of $77.11 and a 12-month high of $140.35. The firm’s 50 day simple moving average is $116.77 and its two-hundred day simple moving average is $115.81. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $79.66 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.39 and a beta of 1.62.

Apollo Global Management (NYSE:APO) last issued its earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). The firm had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $873.18 million. Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. During the same quarter last year, the business earned $1.54 EPS. Analysts predict that Apollo Global Management, Inc. will post 6.66 EPS for the current year.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a $0.4625 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.85 dividend on an annualized basis and a yield of 1.32%. Apollo Global Management’s dividend payout ratio is currently 20.49%.

Analysts Set New Price Targets

Several brokerages have recently commented on APO. Argus cut their price target on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. BMO Capital Markets boosted their price target on shares of Apollo Global Management from $123.00 to $138.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Wolfe Research began coverage on shares of Apollo Global Management in a research note on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price objective on the stock. UBS Group lifted their price objective on shares of Apollo Global Management from $116.00 to $123.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Finally, Keefe, Bruyette & Woods upped their target price on Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and an average price target of $138.06.

Insider Buying and Selling

In other Apollo Global Management news, Director Pauline Richards bought 2,351 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average price of $104.92 per share, with a total value of $246,666.92. Following the completion of the acquisition, the director now directly owns 85,854 shares in the company, valued at approximately $9,007,801.68. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.50% of the stock is owned by corporate insiders.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public 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, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.