12,053 Shares in Apollo Global Management Inc. $APO Bought by Global Retirement Partners LLC

Global Retirement Partners LLC purchased a new stake in Apollo Global Management Inc. (NYSE:APO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,053 shares of the financial services provider’s stock, valued at approximately $1,426,000.

A number of other hedge funds also recently made changes to their positions in APO. Kohmann Bosshard Financial Services LLC bought a new stake in Apollo Global Management in the fourth quarter valued at about $29,000. Osbon Capital Management LLC bought a new position in Apollo Global Management during the fourth quarter worth about $36,000. Steigerwald Gordon & Koch Inc. boosted its holdings in Apollo Global Management by 484.1% during the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 213 shares in the last quarter. MBM Wealth Consultants LLC bought a new stake in shares of Apollo Global Management in the 1st quarter valued at approximately $29,000. Finally, Physician Wealth Advisors Inc. raised its holdings in shares of Apollo Global Management by 57.8% in the 4th quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock worth $38,000 after buying an additional 96 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on APO shares. Barclays boosted their price target on Apollo Global Management from $132.00 to $157.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. Piper Sandler cut their price objective on Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, July 13th. Royal Bank Of Canada boosted their target price on shares of Apollo Global Management from $137.00 to $146.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Morgan Stanley lowered 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 report on Tuesday, July 21st. Finally, TD Cowen reiterated a “buy” rating on shares of Apollo Global Management in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and a consensus price target of $152.77.

Insider Transactions at Apollo Global Management

In other news, insider John P. Zito sold 48,644 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the transaction, the insider directly owned 3,063,696 shares in the company, valued at approximately $400,302,519.36. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Martin Kelly sold 3,000 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were 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 in the company, valued at $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 8.30% of the company’s stock.

Apollo Global Management Price Performance

Shares of APO stock opened at $134.91 on Tuesday. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $153.29. The stock has a market capitalization of $79.67 billion, a PE ratio of 49.42, a PEG ratio of 1.26 and a beta of 1.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. The stock’s fifty day moving average is $126.67 and its 200-day moving average is $122.71.

Apollo Global Management (NYSE:APO) last released 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). The business had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.65 billion. Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. During the same period in the prior year, the firm earned $1.92 earnings per share. Equities research analysts expect that Apollo Global Management Inc. will post 8.12 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

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

Apollo Global Management 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.