62,880 Shares in Apollo Global Management Inc. $APO Acquired by S&CO Inc.

S&CO Inc. bought a new stake in shares of Apollo Global Management Inc. (NYSE:APO) in the second quarter, Holdings Channel.com reports. The institutional investor bought 62,880 shares of the financial services provider’s stock, valued at approximately $7,439,000.

Several other institutional investors also recently bought and sold shares of APO. GSA Capital Partners LLP acquired a new stake in Apollo Global Management in the second quarter valued at approximately $2,109,000. Northside Capital Management LLC increased its position in shares of Apollo Global Management by 0.3% during the second quarter. Northside Capital Management LLC now owns 61,783 shares of the financial services provider’s stock worth $7,310,000 after purchasing an additional 185 shares in the last quarter. Tema ETFs LLC increased its position in shares of Apollo Global Management by 5.4% during the second quarter. Tema ETFs LLC now owns 9,699 shares of the financial services provider’s stock worth $1,147,000 after purchasing an additional 494 shares in the last quarter. Doliver Advisors LP lifted its holdings in shares of Apollo Global Management by 22.5% during the 2nd quarter. Doliver Advisors LP now owns 22,774 shares of the financial services provider’s stock valued at $2,694,000 after purchasing an additional 4,178 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of Apollo Global Management by 6.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 179,563 shares of the financial services provider’s stock valued at $21,244,000 after purchasing an additional 10,533 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Stock Down 2.0%

APO opened at $140.69 on Friday. The company has a fifty day moving average of $126.53 and a two-hundred day moving average of $122.75. The stock has a market capitalization of $83.08 billion, a price-to-earnings ratio of 51.54, a PEG ratio of 1.26 and a beta of 1.51. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $153.29. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.73 and a current ratio of 1.70.

Apollo Global Management (NYSE:APO) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.The firm had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.65 billion. During the same period in the previous year, the company earned $1.92 earnings per share. On average, research analysts expect that Apollo Global Management Inc. will post 8.12 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be issued a $0.5625 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.25 dividend on an annualized basis and a yield of 1.6%. Apollo Global Management’s dividend payout ratio is presently 82.42%.

Analyst Ratings Changes

Several research analysts recently weighed in on APO shares. Wall Street Zen downgraded Apollo Global Management from a “sell” rating to a “strong sell” rating in a research note on Monday, August 10th. HSBC initiated coverage on Apollo Global Management in a research note on Monday, July 20th. They issued a “buy” rating and a $145.00 price target for the company. Royal Bank Of Canada raised their price target on Apollo Global Management from $137.00 to $146.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. BMO Capital Markets dropped their price target on Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating on the stock in a research note on Monday, July 13th. Finally, Morgan Stanley cut their price objective on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating on the stock in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $152.77.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, insider John P. Zito sold 48,644 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the transaction, the insider owned 3,063,696 shares in the company, valued at approximately $400,302,519.36. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 8.30% of the company’s stock.

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.