Apollo Global Management Inc. $APO Shares Acquired by Regal Partners Ltd

Regal Partners Ltd increased its stake in Apollo Global Management Inc. (NYSE:APO) by 15.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 479,611 shares of the financial services provider’s stock after buying an additional 63,210 shares during the quarter. Apollo Global Management comprises about 5.7% of Regal Partners Ltd’s holdings, making the stock its 7th biggest position. Regal Partners Ltd’s holdings in Apollo Global Management were worth $68,042,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of APO. Boston Partners bought a new stake in Apollo Global Management in the first quarter worth about $370,543,000. Nuveen LLC bought a new stake in Apollo Global Management in the first quarter worth about $342,335,000. Vanguard Group Inc. raised its position in Apollo Global Management by 2.0% in the first quarter. Vanguard Group Inc. now owns 46,028,812 shares of the financial services provider’s stock worth $6,303,186,000 after acquiring an additional 893,428 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Apollo Global Management by 24.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider’s stock worth $490,482,000 after acquiring an additional 706,181 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Apollo Global Management by 33.0% in the first quarter. Alliancebernstein L.P. now owns 2,473,614 shares of the financial services provider’s stock worth $338,737,000 after acquiring an additional 613,124 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Price Performance

NYSE APO opened at $124.48 on Friday. The stock’s 50-day moving average price is $131.50 and its two-hundred day moving average price is $136.12. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.37. The company has a market cap of $71.21 billion, a PE ratio of 23.27, a PEG ratio of 1.42 and a beta of 1.68. Apollo Global Management Inc. has a 1 year low of $102.58 and a 1 year high of $189.49.

Apollo Global Management (NYSE:APO) last posted 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. 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 the consensus estimate of $1.01 billion. During the same quarter in the previous year, the company earned $1.64 EPS. On average, analysts predict that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Dividend Announcement

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

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 15,500 shares of Apollo Global Management stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the transaction, the chief financial officer owned 332,399 shares of the company’s stock, valued at $48,234,418.89. The trade was a 4.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Leon D. Black sold 915,000 shares of Apollo Global Management stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $134.03, for a total value of $122,637,450.00. Following the transaction, the insider directly owned 4,526,000 shares in the company, valued at approximately $606,619,780. This trade represents a 16.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 935,000 shares of company stock valued at $125,543,790 in the last 90 days. 8.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Morgan Stanley dropped their price target on shares of Apollo Global Management from $154.00 to $151.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 21st. Evercore ISI boosted their price target on shares of Apollo Global Management from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Apollo Global Management in a research report on Wednesday, October 8th. Citigroup cut 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. Finally, Wall Street Zen downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus price target of $162.57.

Apollo Global Management Company 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.