PFG Investments LLC Has $1.10 Million Stock Holdings in Apollo Global Management Inc. $APO

PFG Investments LLC reduced its position in shares of Apollo Global Management Inc. (NYSE:APO) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,754 shares of the financial services provider’s stock after selling 229 shares during the period. PFG Investments LLC’s holdings in Apollo Global Management were worth $1,100,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in shares of Apollo Global Management by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 550,221 shares of the financial services provider’s stock worth $75,347,000 after buying an additional 7,441 shares during the last quarter. Clearview Wealth Advisors LLC raised its stake in Apollo Global Management by 420.7% during the first quarter. Clearview Wealth Advisors LLC now owns 21,558 shares of the financial services provider’s stock worth $2,952,000 after acquiring an additional 17,418 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of Apollo Global Management in the first quarter worth about $871,000. Elevation Point Wealth Partners LLC acquired a new stake in shares of Apollo Global Management in the 1st quarter valued at approximately $492,000. Finally, True North Advisors LLC bought a new stake in shares of Apollo Global Management during the 1st quarter valued at approximately $2,097,000. 77.06% of the stock is currently owned by institutional investors.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 15,500 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total value of $2,249,205.00. Following the transaction, the chief financial officer owned 332,399 shares in the company, valued at $48,234,418.89. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Leon D. Black sold 915,000 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $134.03, for a total value of $122,637,450.00. Following the sale, the insider owned 4,526,000 shares of the company’s stock, valued at approximately $606,619,780. The trade was a 16.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 935,000 shares of company stock worth $125,543,790. Company insiders own 8.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on APO shares. Citigroup increased their price objective on shares of Apollo Global Management from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, July 10th. Evercore ISI increased their price target on Apollo Global Management from $155.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Wells Fargo & Company upped their target price on Apollo Global Management from $160.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Finally, Barclays lifted their price target on Apollo Global Management from $156.00 to $168.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and a consensus target price of $167.93.

Apollo Global Management Stock Performance

NYSE APO opened at $127.09 on Friday. The company has a market capitalization of $72.70 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 1.40 and a beta of 1.68. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. Apollo Global Management Inc. has a twelve month low of $102.58 and a twelve month high of $189.49. The stock has a fifty day simple moving average of $138.85 and a 200 day simple moving average of $137.11.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.08. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.The firm had revenue of $6,550,000 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company posted $1.64 EPS. Sell-side analysts expect that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were issued a dividend of $0.51 per share. The ex-dividend date was Monday, August 18th. This represents a $2.04 annualized dividend and a yield of 1.6%. Apollo Global Management’s dividend payout ratio (DPR) is presently 38.13%.

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.