Apollo Global Management Inc. $APO Shares Purchased by Huntington National Bank

Huntington National Bank boosted its position in shares of Apollo Global Management Inc. (NYSE:APO) by 39.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 37,658 shares of the financial services provider’s stock after purchasing an additional 10,557 shares during the quarter. Huntington National Bank’s holdings in Apollo Global Management were worth $5,019,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Schnieders Capital Management LLC. purchased a new stake in shares of Apollo Global Management in the 2nd quarter worth about $7,954,000. World Investment Advisors raised its position in Apollo Global Management by 17.6% during the second quarter. World Investment Advisors now owns 8,339 shares of the financial services provider’s stock worth $1,183,000 after acquiring an additional 1,250 shares during the last quarter. Spire Wealth Management raised its position in Apollo Global Management by 137.9% during the second quarter. Spire Wealth Management now owns 2,978 shares of the financial services provider’s stock worth $422,000 after acquiring an additional 1,726 shares during the last quarter. Premier Path Wealth Partners LLC purchased a new stake in shares of Apollo Global Management in the second quarter valued at about $312,000. Finally, Keybank National Association OH acquired a new stake in shares of Apollo Global Management in the second quarter valued at approximately $242,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

Apollo Global Management stock opened at $104.31 on Friday. The stock has a fifty day moving average price of $135.30 and a 200 day moving average price of $134.04. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $157.28. The firm has a market capitalization of $60.54 billion, a P/E ratio of 18.90, a PEG ratio of 0.84 and a beta of 1.57. The company has a current ratio of 1.31, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Monday, February 9th. The financial services provider reported $2.47 EPS for the quarter, beating the consensus estimate of $2.04 by $0.43. Apollo Global Management had a return on equity of 15.25% and a net margin of 10.90%.During the same period in the previous year, the business posted $2.39 earnings per share. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. Equities research analysts anticipate that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 19th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $2.04 annualized dividend and a yield of 2.0%. Apollo Global Management’s dividend payout ratio is 36.96%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on APO. Keefe, Bruyette & Woods lifted their price objective on Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Wall Street Zen upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. JPMorgan Chase & Co. cut their price target on Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating for the company in a report on Tuesday, February 10th. UBS Group reduced their price objective on Apollo Global Management from $182.00 to $152.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Finally, Wolfe Research reiterated an “outperform” rating on shares of Apollo Global Management in a research report on Wednesday, January 7th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus target price of $161.27.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 6,000 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $131.41, for a total transaction of $788,460.00. Following the transaction, the chief financial officer owned 325,604 shares of the company’s stock, valued at $42,787,621.64. This trade represents a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.20% of the stock is currently owned by corporate insiders.

About Apollo Global Management

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.