112,312 Shares in Apollo Global Management Inc. $APO Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake in shares of Apollo Global Management Inc. (NYSE:APO) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 112,312 shares of the financial services provider’s stock, valued at approximately $13,288,000.

Other large investors have also bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Apollo Global Management in the fourth quarter valued at $29,000. MBM Wealth Consultants LLC bought a new position in shares of Apollo Global Management during the 1st quarter worth $29,000. Steigerwald Gordon & Koch Inc. increased its holdings in Apollo Global Management by 484.1% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 213 shares during the last quarter. Keating Financial Advisory Services Inc. purchased a new stake in Apollo Global Management in the 2nd quarter worth about $31,000. Finally, Osbon Capital Management LLC bought a new stake in Apollo Global Management in the 4th quarter valued at about $36,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on APO shares. Barclays upped their price objective on shares of Apollo Global Management from $132.00 to $157.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. BMO Capital Markets reduced their target price on shares of Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating for the company in a research note on Monday, July 13th. TD Cowen reissued a “buy” rating on shares of Apollo Global Management in a research report on Thursday, August 6th. Weiss Ratings upgraded shares of Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.77.

Apollo Global Management Stock Down 0.0%

APO stock opened at $132.63 on Monday. The stock has a 50-day simple moving average of $126.64 and a two-hundred day simple moving average of $122.68. Apollo Global Management Inc. has a twelve month low of $99.56 and a twelve month high of $153.29. The firm has a market capitalization of $78.32 billion, a PE ratio of 48.58, a PEG ratio of 1.20 and a beta of 1.51. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.34.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.The firm had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same period in the previous year, the company posted $1.92 earnings per share. On average, equities analysts predict that Apollo Global Management Inc. will post 8.08 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be issued a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, August 19th. Apollo Global Management’s dividend payout ratio is 82.42%.

Insider Activity at Apollo Global Management

In other news, insider John P. Zito sold 48,644 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total value of $6,355,825.04. Following the transaction, the insider owned 3,063,696 shares of the company’s stock, valued at approximately $400,302,519.36. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 3,000 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the completion of the transaction, the chief financial officer directly owned 396,533 shares in the company, valued at approximately $55,847,707.72. The trade was a 0.75% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 8.30% of the company’s stock.

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.