2,671 Shares in Apollo Global Management Inc. $APO Bought by Monument Capital Management

Monument Capital Management purchased a new position in Apollo Global Management Inc. (NYSE:APO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,671 shares of the financial services provider’s stock, valued at approximately $379,000.

A number of other large investors have also modified their holdings of the business. Cyndeo Wealth Partners LLC grew its holdings in shares of Apollo Global Management by 37.9% during the second quarter. Cyndeo Wealth Partners LLC now owns 4,092 shares of the financial services provider’s stock worth $581,000 after buying an additional 1,124 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Apollo Global Management by 3.5% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 4,802 shares of the financial services provider’s stock worth $682,000 after buying an additional 163 shares in the last quarter. Coordinated Financial Services Inc. purchased a new stake in shares of Apollo Global Management during the second quarter worth $308,000. IFP Advisors Inc grew its holdings in shares of Apollo Global Management by 16.6% during the second quarter. IFP Advisors Inc now owns 12,689 shares of the financial services provider’s stock worth $1,809,000 after buying an additional 1,808 shares in the last quarter. Finally, Callan Family Office LLC purchased a new stake in shares of Apollo Global Management during the second quarter worth $1,059,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Evercore ISI upped their target price on shares of Apollo Global Management from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Wells Fargo & Company upped their target price on shares of Apollo Global Management from $160.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Barclays dropped their price objective on shares of Apollo Global Management from $168.00 to $147.00 and set an “overweight” rating for the company in a report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Global Management in a report on Wednesday. Finally, BMO Capital Markets assumed coverage on shares of Apollo Global Management in a report on Friday, October 3rd. They issued a “market perform” rating and a $132.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $162.57.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 15,500 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the sale, the chief financial officer owned 332,399 shares of the company’s stock, valued at approximately $48,234,418.89. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Leon D. Black sold 915,000 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the sale, the insider directly owned 4,526,000 shares in the company, valued at $606,619,780. This represents a 16.82% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 935,000 shares of company stock valued at $125,543,790. 8.20% of the stock is currently owned by corporate insiders.

Apollo Global Management Trading Down 4.2%

Shares of APO stock opened at $118.34 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market cap of $67.69 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 1.34 and a beta of 1.68. The company has a 50-day moving average of $136.21 and a two-hundred day moving average of $136.28. Apollo Global Management Inc. has a 1-year low of $102.58 and a 1-year high of $189.49.

Apollo Global Management (NYSE:APO) last announced its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.08. The company had revenue of $6,550,000 billion during the quarter, compared to analyst estimates of $1.01 billion. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. During the same quarter last year, the firm posted $1.64 earnings per share. On average, analysts predict that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, August 18th. Apollo Global Management’s dividend payout ratio is currently 38.13%.

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.