Apollo Global Management Inc. $APO Stake Boosted by Maestria Partners LLC

Maestria Partners LLC raised its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 2.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 193,967 shares of the financial services provider’s stock after purchasing an additional 4,015 shares during the quarter. Apollo Global Management makes up approximately 9.6% of Maestria Partners LLC’s portfolio, making the stock its 3rd largest holding. Maestria Partners LLC’s holdings in Apollo Global Management were worth $27,518,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC grew its position in Apollo Global Management by 61.8% during the first quarter. GAMMA Investing LLC now owns 4,478 shares of the financial services provider’s stock valued at $613,000 after acquiring an additional 1,710 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Apollo Global Management by 37.1% during the first quarter. Assenagon Asset Management S.A. now owns 15,244 shares of the financial services provider’s stock valued at $2,088,000 after buying an additional 4,129 shares during the period. Simon Quick Advisors LLC lifted its position in Apollo Global Management by 52.6% during the first quarter. Simon Quick Advisors LLC now owns 2,297 shares of the financial services provider’s stock valued at $315,000 after buying an additional 792 shares during the period. Union Bancaire Privee UBP SA lifted its position in Apollo Global Management by 19.6% during the first quarter. Union Bancaire Privee UBP SA now owns 1,710 shares of the financial services provider’s stock valued at $234,000 after buying an additional 280 shares during the period. Finally, RMR Wealth Builders purchased a new position in shares of Apollo Global Management in the 1st quarter worth about $273,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on APO shares. Wall Street Zen downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Citigroup lifted their price objective on Apollo Global Management from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, July 10th. Barclays lowered their price target on Apollo Global Management from $168.00 to $147.00 and set an “overweight” rating on the stock in a report on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Global Management in a report on Wednesday. Finally, Wells Fargo & Company upped their price objective on Apollo Global Management from $160.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average price target of $162.57.

Apollo Global Management Stock Down 4.2%

Shares of APO stock opened at $118.34 on Friday. The stock’s 50-day simple moving average is $136.21 and its 200-day simple moving average is $136.22. 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 firm has a market capitalization of $67.69 billion, a PE ratio of 22.12, a P/E/G ratio of 1.28 and a beta of 1.68. Apollo Global Management Inc. has a fifty-two week low of $102.58 and a fifty-two week high of $189.49.

Apollo Global Management (NYSE:APO) last posted its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.84 by $0.08. The firm had revenue of $6,550,000 billion for 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 last year, the company earned $1.64 earnings per share. Equities analysts expect that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were given a dividend of $0.51 per share. The ex-dividend date was Monday, August 18th. This represents a $2.04 dividend on an annualized basis and a yield of 1.7%. Apollo Global Management’s dividend payout ratio (DPR) is presently 38.13%.

Insider Buying and Selling

In related news, insider Leon D. Black sold 915,000 shares of Apollo Global Management stock in a transaction that occurred on 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 transaction, the insider owned 4,526,000 shares in the company, valued at approximately $606,619,780. This trade represents a 16.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Martin Kelly sold 15,500 shares of Apollo Global Management stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total value of $2,249,205.00. Following the completion of the sale, the chief financial officer owned 332,399 shares in the company, valued at $48,234,418.89. This represents a 4.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 935,000 shares of company stock worth $125,543,790. 8.20% of the stock is owned by corporate insiders.

Apollo Global Management 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.