Commerzbank Aktiengesellschaft FI Purchases 163 Shares of Apollo Global Management Inc. $APO

Commerzbank Aktiengesellschaft FI lifted its position in shares of Apollo Global Management Inc. (NYSE:APO) by 3.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 4,802 shares of the financial services provider’s stock after acquiring an additional 163 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Apollo Global Management were worth $682,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Boston Partners acquired a new stake in Apollo Global Management in the first quarter worth about $370,543,000. Nuveen LLC acquired a new stake in shares of Apollo Global Management in the first quarter worth approximately $342,335,000. Vanguard Group Inc. boosted its stake in shares of Apollo Global Management by 2.0% in the first quarter. Vanguard Group Inc. now owns 46,028,812 shares of the financial services provider’s stock worth $6,303,186,000 after acquiring an additional 893,428 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Apollo Global Management by 24.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider’s stock worth $490,482,000 after acquiring an additional 706,181 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Apollo Global Management by 33.0% during the first quarter. Alliancebernstein L.P. now owns 2,473,614 shares of the financial services provider’s stock worth $338,737,000 after buying an additional 613,124 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Down 4.2%

Shares of NYSE APO opened at $118.34 on Friday. Apollo Global Management Inc. has a 1 year low of $102.58 and a 1 year high of $189.49. The firm has a market cap of $67.69 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.34 and a beta of 1.68. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27. The stock’s 50-day simple moving average is $136.21 and its 200-day simple moving average is $136.28.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.08. The firm had revenue of $6,550,000 billion during the quarter, compared to analyst estimates of $1.01 billion. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.During the same period in the previous year, the company earned $1.64 earnings per share. As a group, equities analysts anticipate that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

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

Analyst Ratings Changes

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

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 15,500 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total value of $2,249,205.00. Following the completion of the transaction, the chief financial officer directly owned 332,399 shares in the company, valued at $48,234,418.89. The trade was a 4.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Whitney Chatterjee sold 4,500 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total value of $657,135.00. Following the completion of the transaction, the insider owned 83,192 shares of the company’s stock, valued at approximately $12,148,527.76. The trade was a 5.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 935,000 shares of company stock worth $125,543,790 over the last ninety days. Company insiders own 8.20% of the company’s stock.

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.