Apollo Global Management Inc. $APO Stock Holdings Lifted by Nvwm LLC

Nvwm LLC lifted its holdings in Apollo Global Management Inc. (NYSE:APO) by 8,327.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,658 shares of the financial services provider’s stock after acquiring an additional 6,579 shares during the quarter. Nvwm LLC’s holdings in Apollo Global Management were worth $773,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. GM Advisory Group LLC increased its holdings in Apollo Global Management by 0.9% during the 1st quarter. GM Advisory Group LLC now owns 12,015 shares of the financial services provider’s stock valued at $1,339,000 after purchasing an additional 108 shares in the last quarter. Rehmann Capital Advisory Group boosted its stake in Apollo Global Management by 0.6% in the fourth quarter. Rehmann Capital Advisory Group now owns 17,392 shares of the financial services provider’s stock worth $2,518,000 after purchasing an additional 109 shares in the last quarter. Wealth Preservation Advisors LLC boosted its stake in Apollo Global Management by 6.6% in the fourth quarter. Wealth Preservation Advisors LLC now owns 1,848 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 114 shares in the last quarter. Pinnacle Bancorp Inc. boosted its stake in Apollo Global Management by 14.5% in the first quarter. Pinnacle Bancorp Inc. now owns 924 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 117 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in shares of Apollo Global Management by 3.9% during the first quarter. International Assets Investment Management LLC now owns 3,167 shares of the financial services provider’s stock worth $349,000 after purchasing an additional 119 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $140.84, for a total transaction of $422,520.00. Following the completion of the sale, the chief financial officer owned 396,533 shares in the company, valued at approximately $55,847,707.72. The trade was a 0.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.30% of the company’s stock.

Apollo Global Management Stock Down 2.4%

Shares of NYSE:APO opened at $113.44 on Thursday. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $153.29. The company has a 50 day moving average of $127.41 and a 200-day moving average of $125.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a market cap of $66.99 billion, a price-to-earnings ratio of 41.55, a P/E/G ratio of 1.03 and a beta of 1.58.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same period last year, the firm earned $1.92 earnings per share. On average, sell-side analysts forecast that Apollo Global Management Inc. will post 8.00 earnings per share for the current year.

Apollo Global Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were issued a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 19th. Apollo Global Management’s payout ratio is currently 82.42%.

Analyst Ratings Changes

A number of analysts have recently weighed in on APO shares. JPMorgan Chase & Co. raised their target price on Apollo Global Management from $150.00 to $154.00 and gave the company an “overweight” rating in a research note on Wednesday, September 2nd. Weiss Ratings upgraded shares of Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Barclays upped their price target on shares of Apollo Global Management from $132.00 to $157.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Wells Fargo & Company initiated coverage on shares of Apollo Global Management in a report on Friday, October 2nd. They set an “equal weight” rating and a $127.00 price objective on the stock. Finally, Jefferies Financial Group lowered their price objective on shares of Apollo Global Management from $138.00 to $127.00 and set a “hold” rating for the company in a research report on Tuesday, October 6th. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and an average target price of $152.60.

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative asset manager that provides investment management and related services to institutional investors, companies, family offices and individual investors. The firm invests across private equity, credit and real assets, with strategies spanning corporate lending, private and public debt, infrastructure, real estate and other long-term investments.

Apollo also manages retirement and insurance-related assets through Athene, a retirement services company affiliated with Apollo.