Man Group plc Takes Position in Apollo Global Management Inc. $APO

Man Group plc bought a new stake in shares of Apollo Global Management Inc. (NYSE:APO) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 79,179 shares of the financial services provider’s stock, valued at approximately $9,368,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APO. Kohmann Bosshard Financial Services LLC bought a new position in Apollo Global Management in the 4th quarter worth $29,000. MBM Wealth Consultants LLC bought a new stake in shares of Apollo Global Management during the 1st quarter valued at about $29,000. Steigerwald Gordon & Koch Inc. boosted its stake in shares of Apollo Global Management by 484.1% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 213 shares in the last quarter. Keating Financial Advisory Services Inc. purchased a new position in shares of Apollo Global Management during the second quarter valued at about $31,000. Finally, Osbon Capital Management LLC purchased a new position in shares of Apollo Global Management during the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on APO. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. Piper Sandler decreased their target price on Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. BMO Capital Markets lowered their target price on Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating for the company in a research note on Monday, July 13th. TD Cowen restated a “buy” rating on shares of Apollo Global Management in a research report on Thursday, August 6th. Finally, Morgan Stanley reduced their price target on Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $152.77.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $140.84, for a total value of $422,520.00. Following the completion of the transaction, the chief financial officer directly owned 396,533 shares in the company, valued at $55,847,707.72. The trade was a 0.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.30% of the stock is owned by company insiders.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock opened at $135.39 on Friday. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $153.29. The firm’s 50-day moving average is $126.22 and its 200 day moving average is $122.87. The stock has a market cap of $79.95 billion, a price-to-earnings ratio of 49.59, a PEG ratio of 1.20 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 released its quarterly earnings data 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). The firm had revenue of $5.57 billion for the quarter, compared to the consensus estimate 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 business posted $1.92 earnings per share. Sell-side 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 declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.5625 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. Apollo Global Management’s dividend payout ratio is presently 82.42%.

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.