Apollo Global Management Inc. $APO Stock Bought by Howard Capital Management LLC

Howard Capital Management LLC boosted its stake in Apollo Global Management Inc. (NYSE:APO) by 2,725.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 66,211 shares of the financial services provider’s stock after acquiring an additional 63,868 shares during the period. Howard Capital Management LLC’s holdings in Apollo Global Management were worth $7,684,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of APO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Apollo Global Management by 4.3% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider’s stock valued at $669,372,000 after purchasing an additional 234,517 shares during the period. Legal & General Group Plc acquired a new position in Apollo Global Management in the 2nd quarter valued at about $459,987,000. Bank of New York Mellon Corp purchased a new stake in Apollo Global Management during the second quarter worth about $336,644,000. Temasek Holdings Private Ltd increased its stake in Apollo Global Management by 214.4% during the first quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock worth $263,861,000 after purchasing an additional 1,614,813 shares during the period. Finally, Curated Wealth Partners LLC increased its stake in Apollo Global Management by 91.8% during the third quarter. Curated Wealth Partners LLC now owns 2,205,762 shares of the financial services provider’s stock worth $255,887,000 after purchasing an additional 1,055,818 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analysts Set New Price Targets

APO has been the subject of several recent research reports. Bank of America lowered their price objective on shares of Apollo Global Management from $163.00 to $161.00 in a research note on Monday, October 5th. The Goldman Sachs Group dropped their price objective on shares of Apollo Global Management from $154.00 to $148.00 and set a “buy” rating for the company in a report on Friday, October 2nd. Wells Fargo & Company assumed coverage on shares of Apollo Global Management in a research report on Friday, October 2nd. They issued an “equal weight” rating and a $127.00 price target for the company. UBS Group decreased their price target on shares of Apollo Global Management from $172.00 to $163.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Keefe, Bruyette & Woods upgraded shares of Apollo Global Management to a “hold” rating in a research note on Monday, July 20th. Fourteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $152.60.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the sale, the chief financial officer directly owned 396,533 shares in the company, valued at $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.30% of the stock is owned by company insiders.

Apollo Global Management Stock Down 0.9%

NYSE APO traded down $1.00 on Friday, hitting $110.87. 4,079,337 shares of the stock were exchanged, compared to its average volume of 3,543,628. 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 50-day moving average price of $126.76 and a 200-day moving average price of $125.12. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. The company has a market cap of $65.47 billion, a PE ratio of 40.61, a PEG ratio of 0.99 and a beta of 1.58.

Apollo Global Management (NYSE:APO) last announced 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). Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. The firm had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same quarter in the previous year, the business posted $1.92 earnings per share. Sell-side analysts anticipate that Apollo Global Management Inc. will post 8.00 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 19th were paid a dividend of $0.5625 per share. The ex-dividend date was Wednesday, August 19th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 2.0%. Apollo Global Management’s payout ratio is presently 82.42%.

Apollo Global Management Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative asset manager that provides investment management and related services to institutional investors, companies, family offices and individual investors. The firm invests across private equity, credit and real assets, with strategies spanning corporate lending, private and public debt, infrastructure, real estate and other long-term investments.

Apollo also manages retirement and insurance-related assets through Athene, a retirement services company affiliated with Apollo.