Odyssey Capital Advisors Inc. Purchases Shares of 6,075 Apollo Global Management Inc. $APO

Odyssey Capital Advisors Inc. purchased a new stake in Apollo Global Management Inc. (NYSE:APO) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,075 shares of the financial services provider’s stock, valued at approximately $879,000.

Several other institutional investors have also recently added to or reduced their stakes in APO. Vanguard Group Inc. lifted its stake in Apollo Global Management by 3.0% in the third quarter. Vanguard Group Inc. now owns 47,419,652 shares of the financial services provider’s stock valued at $6,319,617,000 after buying an additional 1,377,545 shares during the period. Bessemer Group Inc. increased its holdings in shares of Apollo Global Management by 31.1% during the third quarter. Bessemer Group Inc. now owns 1,617,228 shares of the financial services provider’s stock valued at $215,530,000 after acquiring an additional 383,198 shares in the last quarter. Bahl & Gaynor Inc. increased its holdings in shares of Apollo Global Management by 62.0% during the third quarter. Bahl & Gaynor Inc. now owns 996,727 shares of the financial services provider’s stock valued at $132,834,000 after acquiring an additional 381,479 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Apollo Global Management by 7.3% during the third quarter. Northern Trust Corp now owns 4,385,787 shares of the financial services provider’s stock valued at $584,494,000 after acquiring an additional 299,698 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in shares of Apollo Global Management during the fourth quarter valued at approximately $40,454,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Price Performance

APO opened at $135.23 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market capitalization of $77.96 billion, a price-to-earnings ratio of 86.13, a P/E/G ratio of 1.13 and a beta of 1.52. The firm’s fifty day moving average price is $116.51 and its two-hundred day moving average price is $127.74. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $157.28.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.05. The firm had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $5.19 billion. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.82 EPS. As a group, analysts anticipate that Apollo Global Management Inc. will post 8.36 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th will be issued a dividend of $0.5625 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $2.25 dividend on an annualized basis and a yield of 1.7%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s payout ratio is presently 129.94%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Evercore restated an “outperform” rating on shares of Apollo Global Management in a report on Tuesday, April 21st. TD Cowen restated a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. The Goldman Sachs Group decreased their price objective on Apollo Global Management from $169.00 to $134.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Barclays boosted their price objective on Apollo Global Management from $125.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Wall Street Zen downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.75.

Apollo Global Management Company Profile

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.