Apollo Global Management, Inc. (NYSE:APO) Shares Bought by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC raised its holdings in Apollo Global Management, Inc. (NYSE:APO) by 0.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,320 shares of the financial services provider’s stock after acquiring an additional 169 shares during the quarter. Apollo Global Management accounts for about 0.5% of Joel Isaacson & Co. LLC’s portfolio, making the stock its 29th biggest holding. Joel Isaacson & Co. LLC’s holdings in Apollo Global Management were worth $9,533,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Capital Research Global Investors lifted its stake in Apollo Global Management by 40.3% during the first quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock valued at $532,852,000 after buying an additional 1,360,525 shares in the last quarter. Legal & General Group Plc lifted its stake in Apollo Global Management by 3.0% during the second quarter. Legal & General Group Plc now owns 4,383,217 shares of the financial services provider’s stock valued at $517,527,000 after buying an additional 126,859 shares in the last quarter. TD Asset Management Inc lifted its stake in Apollo Global Management by 3.8% during the second quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider’s stock valued at $318,522,000 after buying an additional 97,797 shares in the last quarter. Curated Wealth Partners LLC lifted its stake in Apollo Global Management by 200.3% during the second quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock valued at $278,945,000 after buying an additional 4,717,661 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its stake in Apollo Global Management by 8.4% during the first quarter. William Blair Investment Management LLC now owns 1,904,212 shares of the financial services provider’s stock valued at $214,129,000 after buying an additional 147,710 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Apollo Global Management news, Director Pauline Richards bought 2,351 shares of the stock in a transaction dated Tuesday, August 6th. The stock was bought at an average cost of $104.92 per share, for a total transaction of $246,666.92. Following the completion of the purchase, the director now owns 85,854 shares in the company, valued at $9,007,801.68. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on APO shares. Evercore ISI upped their price objective on shares of Apollo Global Management from $127.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft dropped their target price on Apollo Global Management from $129.00 to $124.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Argus dropped their target price on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. The Goldman Sachs Group upped their target price on Apollo Global Management from $128.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. upped their target price on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $139.56.

Apollo Global Management Stock Down 2.2 %

Shares of APO stock opened at $143.09 on Friday. The stock has a market cap of $81.30 billion, a P/E ratio of 15.85, a price-to-earnings-growth ratio of 1.39 and a beta of 1.62. Apollo Global Management, Inc. has a one year low of $77.11 and a one year high of $146.82. The stock has a fifty day moving average price of $124.54 and a 200 day moving average price of $117.94. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.03). Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. The company had revenue of $6.02 billion for the quarter, compared to analyst estimates of $873.18 million. During the same quarter in the prior year, the company earned $1.54 earnings per share. Analysts predict that Apollo Global Management, Inc. will post 6.66 earnings per share for the current year.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.4625 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.29%. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.49%.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.