Hantz Financial Services Inc. Has $7.77 Million Holdings in Apollo Global Management Inc. $APO

Hantz Financial Services Inc. lessened its stake in Apollo Global Management Inc. (NYSE:APO) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,762 shares of the financial services provider’s stock after selling 1,854 shares during the quarter. Hantz Financial Services Inc.’s holdings in Apollo Global Management were worth $7,769,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. World Investment Advisors lifted its stake in Apollo Global Management by 17.6% in the second quarter. World Investment Advisors now owns 8,339 shares of the financial services provider’s stock valued at $1,183,000 after acquiring an additional 1,250 shares during the last quarter. Waterfront Wealth Inc. lifted its stake in Apollo Global Management by 1.4% in the second quarter. Waterfront Wealth Inc. now owns 7,428 shares of the financial services provider’s stock valued at $1,054,000 after acquiring an additional 100 shares during the last quarter. Motco lifted its stake in Apollo Global Management by 2.1% in the 2nd quarter. Motco now owns 90,774 shares of the financial services provider’s stock valued at $13,191,000 after purchasing an additional 1,893 shares during the last quarter. Jennison Associates LLC lifted its stake in Apollo Global Management by 18.3% in the 2nd quarter. Jennison Associates LLC now owns 410,016 shares of the financial services provider’s stock valued at $58,169,000 after purchasing an additional 63,430 shares during the last quarter. Finally, New York Life Investment Management LLC lifted its stake in Apollo Global Management by 2.2% in the 2nd quarter. New York Life Investment Management LLC now owns 66,933 shares of the financial services provider’s stock valued at $9,496,000 after purchasing an additional 1,466 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Ratings Changes

APO has been the subject of a number of recent analyst reports. Wall Street Zen cut Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Evercore ISI raised their price target on Apollo Global Management from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a report on Wednesday, October 8th. BMO Capital Markets began coverage on Apollo Global Management in a report on Friday, October 3rd. They set a “market perform” rating and a $132.00 price target for the company. Finally, Piper Sandler restated an “overweight” rating on shares of Apollo Global Management in a research note on Tuesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Apollo Global Management has an average rating of “Moderate Buy” and an average target price of $162.57.

Insider Activity

In other news, insider Leon D. Black sold 915,000 shares of Apollo Global Management stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total value of $122,637,450.00. Following the completion of the sale, the insider directly owned 4,526,000 shares in the company, valued at approximately $606,619,780. The trade was a 16.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Martin Kelly sold 15,500 shares of Apollo Global Management stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total value of $2,249,205.00. Following the completion of the transaction, the chief financial officer directly owned 332,399 shares of the company’s stock, valued at $48,234,418.89. This represents a 4.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 935,000 shares of company stock worth $125,543,790. Corporate insiders own 8.20% of the company’s stock.

Apollo Global Management Stock Performance

NYSE:APO opened at $123.51 on Friday. The stock has a market cap of $70.65 billion, a P/E ratio of 23.09, a PEG ratio of 1.42 and a beta of 1.68. The stock has a 50 day simple moving average of $131.69 and a 200 day simple moving average of $136.07. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.37. Apollo Global Management Inc. has a 1-year low of $102.58 and a 1-year high of $189.49.

Apollo Global Management (NYSE:APO) last posted its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.08. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.The company had revenue of $6,550,000 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm earned $1.64 earnings per share. Research analysts anticipate that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were paid a $0.51 dividend. The ex-dividend date was Monday, August 18th. This represents a $2.04 annualized dividend and a yield of 1.7%. Apollo Global Management’s payout ratio is 38.13%.

Apollo Global Management Company 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.