Natixis Advisors LLC Acquires 4,930 Shares of Apollo Global Management Inc. $APO

Natixis Advisors LLC raised its stake in shares of Apollo Global Management Inc. (NYSE:APOFree Report) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,212 shares of the financial services provider’s stock after buying an additional 4,930 shares during the quarter. Natixis Advisors LLC’s holdings in Apollo Global Management were worth $25,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of APO. Delos Wealth Advisors LLC purchased a new position in shares of Apollo Global Management in the second quarter worth $25,000. Atlantic Union Bankshares Corp grew its stake 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 valued at $27,000 after acquiring an additional 99 shares in the last quarter. Sound Income Strategies LLC purchased a new position in Apollo Global Management during the third quarter valued at $28,000. SJS Investment Consulting Inc. increased its holdings 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 acquiring an additional 191 shares during the last quarter. Finally, Nemes Rush Group LLC bought a new stake in Apollo Global Management in the 2nd quarter valued at $30,000. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wolfe Research reissued an “outperform” rating on shares of Apollo Global Management in a report on Wednesday, January 7th. UBS Group reduced their target price on Apollo Global Management from $182.00 to $152.00 and set a “buy” rating on the stock in a report on Friday, February 20th. Barclays dropped their price target on Apollo Global Management from $158.00 to $131.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. TD Cowen restated a “buy” rating on shares of Apollo Global Management in a report on Thursday, February 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a research note on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $159.47.

Check Out Our Latest Report on APO

Apollo Global Management Stock Performance

Shares of NYSE:APO opened at $108.23 on Wednesday. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $157.28. The stock has a market capitalization of $62.59 billion, a P/E ratio of 19.61, a PEG ratio of 0.87 and a beta of 1.61. The firm has a fifty day simple moving average of $129.79 and a two-hundred day simple moving average of $132.58. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.33.

Apollo Global Management (NYSE:APOGet Free Report) last posted its earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.43. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. During the same period in the prior year, the firm posted $2.39 EPS. The business’s revenue was up .8% on a year-over-year basis. On average, analysts expect that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 19th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, February 19th. Apollo Global Management’s payout ratio is presently 36.96%.

Key Headlines Impacting Apollo Global Management

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About Apollo Global Management

(Free Report)

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.

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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