4,511 Apollo Global Management Inc. $APO Shares Purchased by Eagle Rock Investment Company LLC

Eagle Rock Investment Company LLC increased its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 8.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,652 shares of the financial services provider’s stock after acquiring an additional 4,511 shares during the quarter. Eagle Rock Investment Company LLC’s holdings in Apollo Global Management were worth $6,612,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Apollo Global Management by 4.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider’s stock worth $669,372,000 after purchasing an additional 234,517 shares in the last quarter. Legal & General Group Plc acquired a new position in shares of Apollo Global Management during the 2nd quarter worth approximately $459,987,000. Bank of New York Mellon Corp acquired a new position in shares of Apollo Global Management during the 2nd quarter worth approximately $336,644,000. Temasek Holdings Private Ltd grew its position in shares of Apollo Global Management by 214.4% in the first quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock valued at $263,861,000 after purchasing an additional 1,614,813 shares in the last quarter. Finally, Curated Wealth Partners LLC grew its position in shares of Apollo Global Management by 91.8% in the third quarter. Curated Wealth Partners LLC now owns 2,205,762 shares of the financial services provider’s stock valued at $255,887,000 after purchasing an additional 1,055,818 shares in the last quarter. 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 $111.76 on Thursday. The firm has a 50 day simple moving average of $125.24 and a 200-day simple moving average of $125.26. Apollo Global Management Inc. has a 1-year low of $99.56 and a 1-year high of $153.29. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a market cap of $66.00 billion, a price-to-earnings ratio of 40.94, a price-to-earnings-growth ratio of 1.02 and a beta of 1.58.

Apollo Global Management (NYSE:APO) last released 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). Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. The firm had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.65 billion. During the same period in the previous year, the firm posted $1.92 EPS. On average, analysts expect that Apollo Global Management Inc. will post 7.97 EPS for the current year.

Apollo Global Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were paid a dividend of $0.5625 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.25 annualized dividend and a yield of 2.0%. Apollo Global Management’s dividend payout ratio (DPR) is 82.42%.

Analyst Upgrades and Downgrades

Several research firms recently commented on APO. The Goldman Sachs Group cut their price target on Apollo Global Management from $154.00 to $148.00 and set a “buy” rating for the company in a report on Friday, October 2nd. Barclays boosted their price objective on Apollo Global Management from $132.00 to $157.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. JPMorgan Chase & Co. upped their target price on Apollo Global Management from $150.00 to $154.00 and gave the company an “overweight” rating in a report on Wednesday, September 2nd. Morgan Stanley dropped their target price on Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Finally, Wall Street Zen raised Apollo Global Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $151.90.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of Apollo Global Management stock in a transaction on Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the sale, the chief financial officer owned 396,533 shares in the company, valued at $55,847,707.72. The trade was a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.30% of the stock is owned by corporate insiders.

About Apollo Global Management

Apollo Global Management, Inc (NYSE:APO) is a global alternative asset manager that provides investment solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.

Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.