Apollo Global Management Inc. $APO Position Lowered by Moore Capital Management LP

Moore Capital Management LP reduced its position in Apollo Global Management Inc. (NYSE:APO) by 12.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 583,000 shares of the financial services provider’s stock after selling 83,000 shares during the period. Apollo Global Management makes up approximately 1.0% of Moore Capital Management LP’s holdings, making the stock its 9th largest holding. Moore Capital Management LP owned approximately 0.10% of Apollo Global Management worth $68,975,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MBM Wealth Consultants LLC purchased a new stake in Apollo Global Management during the first quarter worth approximately $29,000. Steigerwald Gordon & Koch Inc. lifted its holdings in shares of Apollo Global Management by 484.1% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 213 shares in the last quarter. Keating Financial Advisory Services Inc. acquired a new stake in Apollo Global Management in the 2nd quarter valued at $31,000. Osbon Capital Management LLC acquired a new stake in Apollo Global Management in the 4th quarter valued at $36,000. Finally, N.E.W. Advisory Services LLC purchased a new position in Apollo Global Management in the second quarter valued at about $38,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Price Performance

APO opened at $135.39 on Monday. The company has a market capitalization of $79.95 billion, a P/E ratio of 49.59, a PEG ratio of 1.22 and a beta of 1.51. The company has a 50-day moving average of $126.22 and a 200-day moving average of $122.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. Apollo Global Management Inc. has a 1-year low of $99.56 and a 1-year high of $153.29.

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

Apollo Global Management Dividend Announcement

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

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 3,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer directly owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. This represents a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 8.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on APO. Keefe, Bruyette & Woods upgraded Apollo Global Management to a “hold” rating in a research note on Monday, July 20th. HSBC assumed coverage on shares of Apollo Global Management in a research report on Monday, July 20th. They issued a “buy” rating and a $145.00 price objective for the company. Morgan Stanley reduced their target price on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. BMO Capital Markets lowered their price target on shares of Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating for the company in a report on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated 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. Based on data from MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.77.

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.