Apollo Global Management Inc. $APO Shares Acquired by Van ECK Associates Corp

Van ECK Associates Corp lifted its position in shares of Apollo Global Management Inc. (NYSE:APO) by 8.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 167,147 shares of the financial services provider’s stock after purchasing an additional 13,684 shares during the period. Van ECK Associates Corp’s holdings in Apollo Global Management were worth $19,775,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Osbon Capital Management LLC purchased a new stake in Apollo Global Management during the 4th quarter worth about $36,000. Steigerwald Gordon & Koch Inc. raised its position 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 worth $29,000 after acquiring an additional 213 shares in the last quarter. MBM Wealth Consultants LLC acquired a new stake in shares of Apollo Global Management during the 1st quarter worth about $29,000. Keating Financial Advisory Services Inc. purchased a new stake in Apollo Global Management during the second quarter worth approximately $31,000. Finally, Greykasell Wealth Strategies Inc. acquired a new position in Apollo Global Management in the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock opened at $135.39 on Monday. The firm’s fifty day simple moving average is $126.22 and its 200-day simple moving average is $122.79. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $153.29. The stock has a market capitalization of $79.95 billion, a price-to-earnings ratio of 49.59, a PEG ratio of 1.22 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 quarterly 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). The business had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.65 billion. Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.During the same quarter in the prior year, the company earned $1.92 EPS. As a group, equities analysts forecast that Apollo Global Management Inc. will post 8.08 earnings per share for the current year.

Apollo Global Management Dividend Announcement

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

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was 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 $55,847,707.72. This represents a 0.75% decrease in their position. The transaction 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.

Analyst Ratings Changes

APO has been the topic of several recent analyst reports. Keefe, Bruyette & Woods upgraded shares of Apollo Global Management to a “hold” rating in a research note on Monday, July 20th. Royal Bank Of Canada lifted their price target on shares of Apollo Global Management from $137.00 to $146.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. HSBC began coverage on shares of Apollo Global Management in a research report on Monday, July 20th. They issued a “buy” rating and a $145.00 price target for the company. UBS Group upped their price objective on shares of Apollo Global Management from $157.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, BMO Capital Markets dropped their price objective on Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating on the stock in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.77.

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.