Vanguard Group Inc. Has $6.32 Billion Holdings in Apollo Global Management Inc. $APO

Vanguard Group Inc. boosted its holdings in Apollo Global Management Inc. (NYSE:APO) by 3.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 47,419,652 shares of the financial services provider’s stock after acquiring an additional 1,377,545 shares during the quarter. Vanguard Group Inc. owned 0.08% of Apollo Global Management worth $6,319,617,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APO. Delos Wealth Advisors LLC purchased a new stake in shares of Apollo Global Management in the second quarter worth approximately $25,000. Atlantic Union Bankshares Corp grew its holdings in Apollo Global Management by 99.0% during the third quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock worth $27,000 after buying an additional 99 shares in the last quarter. Sound Income Strategies LLC bought a new stake in Apollo Global Management during the third quarter worth $28,000. SJS Investment Consulting Inc. raised its position in Apollo Global Management by 1,123.5% in the 3rd quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock valued at $28,000 after buying an additional 191 shares during the last quarter. Finally, Nemes Rush Group LLC bought a new position in Apollo Global Management during the 2nd quarter valued at $30,000. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $124.99 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $140.75 and a two-hundred day simple moving average of $135.62. Apollo Global Management Inc. has a 1-year low of $102.58 and a 1-year high of $164.22. The firm has a market cap of $72.55 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 1.08 and a beta of 1.57.

Apollo Global Management (NYSE:APO) last issued its earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.43. The firm had revenue of $9.86 billion for the quarter, compared to analyst estimates of $1.19 billion. Apollo Global Management had a return on equity of 15.25% and a net margin of 10.90%.The business’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the company posted $2.39 earnings per share. Analysts anticipate that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Thursday, February 19th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $2.04 annualized dividend and a yield of 1.6%. Apollo Global Management’s dividend payout ratio is 36.96%.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $131.41, for a total value of $788,460.00. Following the sale, the chief financial officer owned 325,604 shares of the company’s stock, valued at $42,787,621.64. The trade was a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 8.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

APO has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upped their target price on shares of Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Piper Sandler reaffirmed an “overweight” rating and issued a $165.00 price objective on shares of Apollo Global Management in a research report on Tuesday, February 10th. The Goldman Sachs Group reiterated a “buy” rating and issued a $165.00 price objective on shares of Apollo Global Management in a research note on Monday, February 9th. JPMorgan Chase & Co. cut their target price on Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 10th. Finally, Wall Street Zen raised Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $164.79.

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.