Y Intercept Hong Kong Ltd Acquires New Position in Apollo Global Management Inc. $APO

Y Intercept Hong Kong Ltd bought a new stake in shares of Apollo Global Management Inc. (NYSE:APO) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 37,600 shares of the financial services provider’s stock, valued at approximately $5,334,000.

Several other institutional investors also recently made changes to their positions in APO. GW&K Investment Management LLC grew its holdings in shares of Apollo Global Management by 84.5% during the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 87 shares during the last quarter. Activest Wealth Management grew its holdings in shares of Apollo Global Management by 875.0% during the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 175 shares during the last quarter. Rosenberg Matthew Hamilton grew its holdings in shares of Apollo Global Management by 6,900.0% during the second quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 207 shares during the last quarter. Bay Harbor Wealth Management LLC grew its holdings in shares of Apollo Global Management by 5,200.0% during the second quarter. Bay Harbor Wealth Management LLC now owns 265 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 260 shares during the last quarter. Finally, Rise Advisors LLC bought a new position in Apollo Global Management in the 1st quarter worth approximately $42,000. 77.06% of the stock is owned by institutional investors.

Insider Activity at Apollo Global Management

In related news, insider Whitney Chatterjee sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total transaction of $657,135.00. Following the transaction, the insider owned 83,192 shares of the company’s stock, valued at approximately $12,148,527.76. This trade represents a 5.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martin Kelly sold 15,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the transaction, the chief financial officer directly owned 332,399 shares in the company, valued at approximately $48,234,418.89. The trade was a 4.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 935,000 shares of company stock valued at $125,543,790. 8.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on APO. Wells Fargo & Company boosted their price target on Apollo Global Management from $160.00 to $173.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Weiss Ratings restated a “hold (c)” rating on shares of Apollo Global Management in a research note on Wednesday, October 8th. Piper Sandler reaffirmed an “overweight” rating on shares of Apollo Global Management in a report on Tuesday, October 7th. Wall Street Zen lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Finally, Morgan Stanley decreased their target price on shares of Apollo Global Management from $154.00 to $151.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.57.

Apollo Global Management Stock Performance

Apollo Global Management stock opened at $126.46 on Tuesday. The firm’s 50 day simple moving average is $132.37 and its 200-day simple moving average is $136.16. The company has a market cap of $72.34 billion, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 1.42 and a beta of 1.68. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. Apollo Global Management Inc. has a fifty-two week low of $102.58 and a fifty-two week high of $189.49.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.08. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. The business had revenue of $6,550,000 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the business earned $1.64 earnings per share. As a group, equities research analysts predict that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were paid a $0.51 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.04 annualized dividend and a dividend yield of 1.6%. Apollo Global Management’s payout ratio is presently 38.13%.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.