North Dakota State Investment Board Buys New Shares in Apollo Global Management Inc. $APO

North Dakota State Investment Board bought a new stake in shares of Apollo Global Management Inc. (NYSE:APO) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 14,095 shares of the financial services provider’s stock, valued at approximately $2,040,000.

Several other large investors have also recently bought and sold shares of APO. Atlantic Union Bankshares Corp raised its stake in Apollo Global Management by 99.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 99 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Apollo Global Management during the 4th quarter valued at $29,000. Physician Wealth Advisors Inc. raised its stake in Apollo Global Management by 57.8% during the 4th quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 96 shares during the last quarter. City Holding Co. raised its stake in Apollo Global Management by 391.9% during the 4th quarter. City Holding Co. now owns 305 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 243 shares during the last quarter. Finally, Center for Financial Planning Inc. acquired a new position in Apollo Global Management during the 3rd quarter valued at $50,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on APO shares. Wall Street Zen cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Royal Bank Of Canada increased their price objective on shares of Apollo Global Management from $139.00 to $146.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. UBS Group increased their price objective on shares of Apollo Global Management from $138.00 to $158.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Piper Sandler dropped their price objective on shares of Apollo Global Management from $165.00 to $146.00 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. Finally, TD Cowen dropped their price objective on shares of Apollo Global Management from $155.00 to $146.00 and set a “buy” rating for the company in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and a consensus target price of $150.38.

Apollo Global Management Trading Down 0.9%

Shares of APO stock opened at $134.21 on Tuesday. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $157.28. The stock has a market cap of $77.38 billion, a price-to-earnings ratio of 85.49, a P/E/G ratio of 1.13 and a beta of 1.52. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a fifty day moving average of $116.97 and a 200-day moving average of $127.80.

Apollo Global Management (NYSE:APO) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.05. The business had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter last year, the company posted $1.82 EPS. On average, equities research analysts forecast that Apollo Global Management Inc. will post 8.36 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

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

Apollo Global Management Company 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.