Vise Technologies Inc. Buys Shares of 5,191 Apollo Global Management Inc. $APO

Vise Technologies Inc. purchased a new stake in shares of Apollo Global Management Inc. (NYSE:APO) in the second quarter, according to its most recent filing with the SEC. The firm purchased 5,191 shares of the financial services provider’s stock, valued at approximately $614,000.

Other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. grew its holdings in shares of Apollo Global Management by 16.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 82 shares during the period. Physician Wealth Advisors Inc. raised its holdings in 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 worth $38,000 after purchasing an additional 96 shares during the last quarter. Glen Eagle Advisors LLC raised its holdings in Apollo Global Management by 33.3% during the fourth quarter. Glen Eagle Advisors LLC now owns 384 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 96 shares during the last quarter. Kestra Investment Management LLC raised its holdings in Apollo Global Management by 2.1% during the fourth quarter. Kestra Investment Management LLC now owns 4,725 shares of the financial services provider’s stock worth $684,000 after purchasing an additional 99 shares during the last quarter. Finally, Ramirez Asset Management Inc. boosted its position in Apollo Global Management by 25.0% during the fourth quarter. Ramirez Asset Management Inc. now owns 500 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insider Activity

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $140.84, for a total transaction of $422,520.00. Following the sale, the chief financial officer directly owned 396,533 shares of the company’s stock, valued at $55,847,707.72. This trade represents a 0.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John P. Zito sold 48,644 shares of Apollo Global Management stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the sale, the insider owned 3,063,696 shares of the company’s stock, valued at approximately $400,302,519.36. This trade represents a 1.56% 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 company insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. HSBC started coverage on Apollo Global Management in a report on Monday, July 20th. They issued a “buy” rating and a $145.00 target price on the stock. UBS Group boosted their price objective on shares of Apollo Global Management from $157.00 to $172.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. TD Cowen reissued a “buy” rating on shares of Apollo Global Management in a research note on Thursday, August 6th. Weiss Ratings upgraded shares of Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Finally, Royal Bank Of Canada lifted their target price on shares of Apollo Global Management from $137.00 to $146.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and an average price target of $152.77.

Apollo Global Management Stock Performance

Apollo Global Management stock opened at $132.72 on Tuesday. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $153.29. The company has a market capitalization of $78.38 billion, a price-to-earnings ratio of 48.62, a PEG ratio of 1.20 and a beta of 1.51. The stock has a fifty day moving average of $126.57 and a two-hundred day moving average of $122.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by ($0.05). The company had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.65 billion. Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. During the same quarter in the prior year, the company earned $1.92 earnings per share. On average, analysts anticipate that Apollo Global Management Inc. will post 8.08 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

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

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.