Leonteq Securities AG Makes New $2.21 Million Investment in Apollo Global Management Inc. $APO

Leonteq Securities AG bought a new position in Apollo Global Management Inc. (NYSE:APO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,277 shares of the financial services provider’s stock, valued at approximately $2,211,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in APO. ABN Amro Investment Solutions boosted its holdings in shares of Apollo Global Management by 317.2% during the fourth quarter. ABN Amro Investment Solutions now owns 19,652 shares of the financial services provider’s stock worth $2,845,000 after purchasing an additional 14,942 shares during the period. Rathbones Group PLC bought a new position in Apollo Global Management during the fourth quarter valued at approximately $239,000. IFP Advisors Inc raised its position in Apollo Global Management by 75.7% during the fourth quarter. IFP Advisors Inc now owns 22,553 shares of the financial services provider’s stock valued at $3,265,000 after acquiring an additional 9,715 shares in the last quarter. First Business Financial Services Inc. raised its position in Apollo Global Management by 8.5% during the fourth quarter. First Business Financial Services Inc. now owns 8,636 shares of the financial services provider’s stock valued at $1,250,000 after acquiring an additional 674 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its position in 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 in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on APO shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Apollo Global Management in a research report on Thursday, May 7th. Wall Street Zen lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Evercore reaffirmed an “outperform” rating on shares of Apollo Global Management in a research report on Tuesday, April 21st. Barclays lifted their price target on shares of Apollo Global Management from $125.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, Royal Bank Of Canada boosted their price objective on shares of Apollo Global Management from $139.00 to $146.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $150.38.

Apollo Global Management Trading Up 0.9%

Apollo Global Management stock opened at $132.31 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.73. The business’s 50-day simple moving average is $117.91 and its 200-day simple moving average is $127.91. The firm has a market capitalization of $76.28 billion, a PE ratio of 84.28, a PEG ratio of 1.10 and a beta of 1.52. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $157.28.

Apollo Global Management (NYSE:APO) last posted 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 business had revenue of $5.06 billion for the quarter, compared to analyst estimates 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 for the quarter was down 8.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.82 earnings per share. Equities research analysts forecast that Apollo Global Management Inc. will post 8.32 earnings per share for the current year.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 1.7%. This is an increase 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 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.