Plato Investment Management Ltd Acquires New Holdings in Apollo Global Management Inc. $APO

Plato Investment Management Ltd bought a new position in shares of Apollo Global Management Inc. (NYSE:APO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 10,945 shares of the financial services provider’s stock, valued at approximately $1,287,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC acquired a new position in Apollo Global Management in the 4th quarter valued at approximately $29,000. Osbon Capital Management LLC acquired a new position in shares of Apollo Global Management during the fourth quarter worth $36,000. Steigerwald Gordon & Koch Inc. grew its stake in shares of Apollo Global Management by 484.1% in the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 213 shares during the last quarter. MBM Wealth Consultants LLC acquired a new stake in Apollo Global Management in the first quarter valued at $29,000. Finally, Physician Wealth Advisors Inc. increased its holdings in Apollo Global Management by 57.8% in 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 during the period. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Trading Down 4.2%

NYSE APO opened at $134.91 on Tuesday. The business has a 50 day simple moving average of $126.67 and a 200 day simple moving average of $122.71. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $153.29. The stock has a market capitalization of $79.67 billion, a P/E ratio of 49.42, a P/E/G ratio of 1.26 and a beta of 1.51. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70.

Apollo Global Management (NYSE:APO) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.The business had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the previous year, the firm posted $1.92 earnings per share. Research analysts expect that Apollo Global Management Inc. will post 8.12 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be paid a $0.5625 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.25 annualized dividend and a dividend yield of 1.7%. Apollo Global Management’s payout ratio is currently 82.42%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Barclays upped their price target on Apollo Global Management from $132.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Piper Sandler reduced their target price on Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Wall Street Zen raised shares of Apollo Global Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley lowered their price target on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Apollo Global Management in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $152.77.

Insiders Place Their Bets

In other Apollo Global Management news, insider John P. Zito sold 48,644 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total value of $6,355,825.04. Following the completion of the sale, the insider directly owned 3,063,696 shares in the company, valued at approximately $400,302,519.36. This trade represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Martin Kelly sold 3,000 shares of Apollo Global Management stock in a transaction on Friday, August 14th. The shares were sold at an average price of $140.84, for a total transaction of $422,520.00. Following the completion of the sale, the chief financial officer directly owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 8.30% of the stock is owned by insiders.

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.