Odyssey Capital Advisors Inc. Acquires New Shares in Apollo Global Management Inc. $APO

Odyssey Capital Advisors Inc. acquired a new stake in Apollo Global Management Inc. (NYSE:APO) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,075 shares of the financial services provider’s stock, valued at approximately $879,000.

Several other large investors have also bought and sold shares of APO. Atlantic Union Bankshares Corp boosted its stake in Apollo Global Management by 99.0% in the third quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock valued at $27,000 after buying an additional 99 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Apollo Global Management during the fourth quarter valued at about $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 purchasing an additional 96 shares in 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 purchasing an additional 243 shares in the last quarter. Finally, Center for Financial Planning Inc. acquired a new stake in shares of Apollo Global Management during the third quarter valued at about $50,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Price Performance

Shares of APO opened at $135.23 on Monday. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $157.28. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 1.73. The company has a market capitalization of $77.96 billion, a price-to-earnings ratio of 86.13, a price-to-earnings-growth ratio of 1.13 and a beta of 1.52. The business has a 50-day moving average of $116.51 and a 200-day moving average of $127.74.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.05. The company had revenue of $5.06 billion during 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 firm’s revenue was down 8.8% compared to the same quarter last year. During the same period last year, the company earned $1.82 earnings per share. As a group, equities research analysts anticipate that Apollo Global Management Inc. will post 8.36 earnings per share for the current year.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th will be paid a $0.5625 dividend. This represents a $2.25 annualized dividend and a yield of 1.7%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Tuesday, May 19th. Apollo Global Management’s payout ratio is presently 129.94%.

Analyst Ratings Changes

A number of brokerages have recently commented on APO. Morgan Stanley cut their price target on Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Wall Street Zen lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Evercore reissued an “outperform” rating on shares of Apollo Global Management in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Apollo Global Management in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. cut their price target on Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating on the stock in a research note 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and an average target price of $150.75.

About Apollo Global Management

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.