Stephens Inc. AR Decreases Position in Apollo Global Management Inc. $APO

Stephens Inc. AR lessened its holdings in Apollo Global Management Inc. (NYSE:APO) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 195,641 shares of the financial services provider’s stock after selling 9,592 shares during the period. Stephens Inc. AR’s holdings in Apollo Global Management were worth $28,321,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Schnieders Capital Management LLC. purchased a new stake in shares of Apollo Global Management during the 2nd quarter worth $7,954,000. Baird Financial Group Inc. lifted its position in shares of Apollo Global Management by 117.5% during the 2nd quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider’s stock worth $2,287,000 after purchasing an additional 8,709 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Apollo Global Management by 4.8% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider’s stock worth $949,000 after purchasing an additional 305 shares during the last quarter. Nebula Research & Development LLC purchased a new stake in shares of Apollo Global Management during the 2nd quarter worth $722,000. Finally, Northern Right Capital Management L.P. lifted its position in shares of Apollo Global Management by 1.5% during the 2nd quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider’s stock worth $24,542,000 after purchasing an additional 2,500 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

APO has been the subject of several recent analyst reports. TD Cowen reaffirmed a “buy” rating on shares of Apollo Global Management in a research report on Thursday, May 7th. Argus raised shares of Apollo Global Management to a “strong-buy” rating in a research report on Thursday, February 19th. BMO Capital Markets decreased their price objective on shares of Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating for the company in a research report on Tuesday, March 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Apollo Global Management in a research report on Thursday, May 7th. Finally, UBS Group lifted their price objective on shares of Apollo Global Management from $138.00 to $158.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $150.75.

Apollo Global Management Price Performance

Shares of APO opened at $135.23 on Friday. Apollo Global Management Inc. has a 1-year low of $99.56 and a 1-year high of $157.28. The stock has a market cap of $77.96 billion, a PE ratio of 86.13, a price-to-earnings-growth ratio of 1.13 and a beta of 1.52. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a fifty day moving average price of $116.51 and a 200 day moving average price of $127.73.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.05. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The firm had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the previous year, the company earned $1.82 earnings per share. Apollo Global Management’s quarterly revenue was down 8.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Apollo Global Management Inc. will post 8.37 EPS for the current year.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be given a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 1.7%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Tuesday, May 19th. Apollo Global Management’s dividend payout ratio is presently 129.94%.

Apollo Global Management Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.