State of New Jersey Common Pension Fund D Acquires 6,098 Shares of Apollo Global Management Inc. $APO

State of New Jersey Common Pension Fund D raised its holdings in Apollo Global Management Inc. (NYSE:APO) by 4.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 139,748 shares of the financial services provider’s stock after buying an additional 6,098 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Apollo Global Management were worth $18,624,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Plato Investment Management Ltd grew its stake in Apollo Global Management by 100.3% during the 3rd quarter. Plato Investment Management Ltd now owns 10,888 shares of the financial services provider’s stock worth $1,440,000 after buying an additional 5,452 shares during the last quarter. Diversified Trust Co grew its stake in shares of Apollo Global Management by 2,649.9% during the third quarter. Diversified Trust Co now owns 42,238 shares of the financial services provider’s stock worth $5,629,000 after acquiring an additional 40,702 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Apollo Global Management by 39.2% in the 2nd quarter. Hsbc Holdings PLC now owns 842,391 shares of the financial services provider’s stock valued at $119,482,000 after purchasing an additional 237,180 shares during the last quarter. Stock Yards Bank & Trust Co. boosted its stake in Apollo Global Management by 2,395.2% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 124,708 shares of the financial services provider’s stock worth $16,620,000 after purchasing an additional 119,710 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its position in Apollo Global Management by 3.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 178,868 shares of the financial services provider’s stock worth $23,838,000 after purchasing an additional 6,727 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Stock Performance

Shares of APO stock opened at $124.99 on Monday. Apollo Global Management Inc. has a 52-week low of $102.58 and a 52-week high of $164.22. The company has a quick ratio of 1.49, a current ratio of 1.31 and a debt-to-equity ratio of 0.33. The stock has a market cap of $72.55 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 1.08 and a beta of 1.57. The business has a 50-day simple moving average of $140.99 and a 200-day simple moving average of $135.76.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.43. Apollo Global Management had a return on equity of 15.25% and a net margin of 10.90%.The company had revenue of $9.86 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period last year, the business earned $2.39 earnings per share. Apollo Global Management’s quarterly revenue was up .8% on a year-over-year basis. On average, equities analysts expect that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Thursday, February 19th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Thursday, February 19th. Apollo Global Management’s payout ratio is currently 36.96%.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 6,000 shares of the company’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $131.41, for a total value of $788,460.00. Following the completion of the transaction, the chief financial officer owned 325,604 shares in the company, valued at approximately $42,787,621.64. This represents a 1.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 8.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on APO shares. BMO Capital Markets set a $136.00 price objective on shares of Apollo Global Management and gave the stock a “market perform” rating in a research note on Tuesday, November 25th. TD Cowen reiterated a “buy” rating on shares of Apollo Global Management in a research note on Thursday. Evercore increased their price objective on Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $165.00 target price on shares of Apollo Global Management in a report on Monday, February 9th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Apollo Global Management in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $164.79.

Apollo Global Management Company 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.