Apollo Global Management, Inc. (NYSE:APO) Stock Position Boosted by Forsta AP Fonden

Forsta AP Fonden boosted its stake in Apollo Global Management, Inc. (NYSE:APO) by 8.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 143,600 shares of the financial services provider’s stock after buying an additional 11,100 shares during the period. Forsta AP Fonden’s holdings in Apollo Global Management were worth $17,937,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of APO. Wealth Enhancement Advisory Services LLC grew its position in Apollo Global Management by 46.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,220 shares of the financial services provider’s stock valued at $924,000 after buying an additional 2,620 shares in the last quarter. Vicus Capital bought a new position in Apollo Global Management in the 1st quarter valued at about $360,000. Compass Ion Advisors LLC acquired a new stake in Apollo Global Management in the 1st quarter valued at about $557,000. Diversified Trust Co acquired a new stake in Apollo Global Management in the 1st quarter valued at about $1,731,000. Finally, Miracle Mile Advisors LLC lifted its holdings in Apollo Global Management by 3.9% in the 1st quarter. Miracle Mile Advisors LLC now owns 8,290 shares of the financial services provider’s stock valued at $932,000 after acquiring an additional 310 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Insider Activity

In other news, Director Pauline Richards purchased 2,351 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were bought at an average price of $104.92 per share, with a total value of $246,666.92. Following the completion of the transaction, the director now directly owns 85,854 shares in the company, valued at $9,007,801.68. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wolfe Research assumed coverage on shares of Apollo Global Management in a report on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 price target for the company. BMO Capital Markets upped their price target on shares of Apollo Global Management from $123.00 to $138.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft cut their price target on shares of Apollo Global Management from $129.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Morgan Stanley upped their price objective on shares of Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.56.

Apollo Global Management Price Performance

Shares of APO opened at $143.09 on Friday. The firm has a market cap of $81.30 billion, a PE ratio of 15.85, a PEG ratio of 1.39 and a beta of 1.62. The firm’s 50 day moving average price is $124.54 and its 200 day moving average price is $117.98. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. Apollo Global Management, Inc. has a twelve month low of $77.11 and a twelve month high of $146.82.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. The firm had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $873.18 million. During the same period in the prior year, the business earned $1.54 EPS. As a group, research analysts expect that Apollo Global Management, Inc. will post 6.66 EPS for the current fiscal year.

Apollo Global Management Cuts Dividend

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

Apollo Global Management Company Profile

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.