Life Cycle Investment Partners Ltd Takes Position in Apollo Global Management Inc. $APO

Life Cycle Investment Partners Ltd acquired a new stake in shares of Apollo Global Management Inc. (NYSE:APO) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 209,632 shares of the financial services provider’s stock, valued at approximately $30,346,000.

Other large investors have also made changes to their positions in the company. Atlantic Union Bankshares Corp boosted its stake in shares of Apollo Global Management by 99.0% during the third quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 99 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Apollo Global Management during the fourth quarter valued at $29,000. Physician Wealth Advisors Inc. boosted its stake in shares of Apollo Global Management by 57.8% during the fourth quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 96 shares during the last quarter. City Holding Co. boosted its stake in shares of Apollo Global Management by 391.9% during the fourth quarter. City Holding Co. now owns 305 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 243 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of Apollo Global Management by 54.4% during the fourth quarter. Cullen Frost Bankers Inc. now owns 366 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 129 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wall Street Zen lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Piper Sandler reduced their target price on Apollo Global Management from $165.00 to $146.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. Morgan Stanley reduced their target price on Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. reduced their target price on Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued 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 price target of $150.38.

Apollo Global Management Stock Performance

Apollo Global Management stock opened at $128.50 on Friday. The stock’s 50-day moving average is $118.81 and its 200-day moving average is $127.96. The company has a market cap of $74.08 billion, a price-to-earnings ratio of 81.85, a price-to-earnings-growth ratio of 1.08 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. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $157.28.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.05. The company had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $5.19 billion. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The company’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same period last year, the business posted $1.82 EPS. Equities analysts anticipate that Apollo Global Management Inc. will post 8.29 earnings per share for the current year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th will be issued a $0.5625 dividend. This is a positive change 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 1.8%. Apollo Global Management’s dividend payout ratio (DPR) is 143.31%.

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.