Schnieders Capital Management LLC Invests $7.95 Million in Apollo Global Management Inc. $APO

Schnieders Capital Management LLC purchased a new position in Apollo Global Management Inc. (NYSE:APO) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 56,063 shares of the financial services provider’s stock, valued at approximately $7,954,000. Apollo Global Management makes up about 1.4% of Schnieders Capital Management LLC’s investment portfolio, making the stock its 18th biggest holding.

A number of other hedge funds have also made changes to their positions in the stock. Principal Financial Group Inc. increased its holdings in Apollo Global Management by 1.4% in the first 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 increased its holdings in Apollo Global Management by 420.7% in the first quarter. Clearview Wealth Advisors LLC now owns 21,558 shares of the financial services provider’s stock worth $2,952,000 after buying an additional 17,418 shares during the last quarter. True North Advisors LLC acquired a new position in Apollo Global Management in the first quarter worth approximately $2,097,000. Pinnacle Financial Partners Inc increased its holdings in Apollo Global Management by 4.9% in the first quarter. Pinnacle Financial Partners Inc now owns 92,624 shares of the financial services provider’s stock worth $12,684,000 after buying an additional 4,341 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its holdings in Apollo Global Management by 25.3% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 11,749 shares of the financial services provider’s stock worth $1,609,000 after buying an additional 2,375 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on APO. Citigroup dropped their price objective on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Evercore ISI increased their price objective on Apollo Global Management from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Piper Sandler restated an “overweight” rating on shares of Apollo Global Management in a report on Tuesday, October 7th. Barclays lowered their price target on Apollo Global Management from $168.00 to $147.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Finally, Wells Fargo & Company increased their price target on Apollo Global Management from $160.00 to $173.00 and gave the company an “overweight” rating in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus price target of $161.14.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 15,500 shares of the firm’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 sale, the chief financial officer owned 332,399 shares in the company, valued at approximately $48,234,418.89. This trade represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Whitney Chatterjee sold 4,500 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total transaction of $657,135.00. Following the completion of the sale, the insider owned 83,192 shares in the company, valued at approximately $12,148,527.76. The trade was a 5.13% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 935,000 shares of company stock worth $125,543,790. Insiders own 8.50% of the company’s stock.

Apollo Global Management Trading Up 0.6%

Shares of APO stock opened at $121.55 on Monday. Apollo Global Management Inc. has a 12 month low of $102.58 and a 12 month high of $189.49. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $134.27 and its two-hundred day moving average is $135.79. The company has a market cap of $69.53 billion, a PE ratio of 22.72, a price-to-earnings-growth ratio of 1.39 and a beta of 1.68.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.08. The business had revenue of $6,550,000 billion for the quarter, compared to the consensus estimate of $1.01 billion. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. During the same quarter last year, the company posted $1.64 earnings per share. Equities analysts predict that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were paid a $0.51 dividend. The ex-dividend date was Monday, August 18th. This represents a $2.04 annualized dividend and a dividend yield of 1.7%. 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.