Keybank National Association OH Makes New $242,000 Investment in Apollo Global Management Inc. $APO

Keybank National Association OH acquired a new stake in Apollo Global Management Inc. (NYSE:APO) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,708 shares of the financial services provider’s stock, valued at approximately $242,000.

Several other large investors also recently modified their holdings of APO. GW&K Investment Management LLC lifted its position in shares of Apollo Global Management by 84.5% during the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock worth $26,000 after buying an additional 87 shares during the period. Activest Wealth Management lifted its holdings in shares of Apollo Global Management by 875.0% during the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 175 shares during the period. Rosenberg Matthew Hamilton lifted its holdings in shares of Apollo Global Management by 6,900.0% during the second quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 207 shares during the period. Bay Harbor Wealth Management LLC boosted its stake in shares of Apollo Global Management by 5,200.0% in the 2nd quarter. Bay Harbor Wealth Management LLC now owns 265 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 260 shares in the last quarter. Finally, Rise Advisors LLC bought a new stake in shares of Apollo Global Management in the 1st quarter worth about $42,000. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock opened at $129.13 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 50 day simple moving average of $131.03 and a 200 day simple moving average of $136.14. Apollo Global Management Inc. has a fifty-two week low of $102.58 and a fifty-two week high of $189.49. The firm has a market cap of $73.87 billion, a P/E ratio of 24.14, a P/E/G ratio of 1.42 and a beta of 1.63.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates 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 EPS. Sell-side analysts predict that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Monday, November 17th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Monday, November 17th. Apollo Global Management’s dividend payout ratio (DPR) is presently 38.13%.

Insider Transactions at Apollo Global Management

In other news, insider Leon D. Black sold 915,000 shares of Apollo Global Management stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the completion of the sale, the insider owned 4,526,000 shares in the company, valued at $606,619,780. The trade was a 16.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin Kelly sold 15,500 shares of the stock in a transaction that occurred on 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 8.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

APO has been the subject of several analyst reports. Evercore ISI lifted their price target on shares of Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday. Barclays lifted their target price on shares of Apollo Global Management from $147.00 to $158.00 and gave the company an “overweight” rating in a research note on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Apollo Global Management in a research report on Wednesday, October 8th. Citigroup dropped their price target on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, October 13th. Finally, BMO Capital Markets initiated coverage on Apollo Global Management in a research note on Friday, October 3rd. They issued a “market perform” rating and a $132.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $162.00.

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.