AustralianSuper Pty Ltd Buys New Stake in Apollo Global Management Inc. $APO

AustralianSuper Pty Ltd bought a new stake in Apollo Global Management Inc. (NYSE:APO) in the 4th quarter, Holdings Channel.com reports. The fund bought 5,888 shares of the financial services provider’s stock, valued at approximately $852,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. AM Investment Strategies LLC increased its holdings in Apollo Global Management by 2.3% in the 4th quarter. AM Investment Strategies LLC now owns 67,764 shares of the financial services provider’s stock valued at $9,810,000 after purchasing an additional 1,554 shares during the last quarter. New York Life Investment Management LLC increased its holdings in Apollo Global Management by 1.0% in the 4th quarter. New York Life Investment Management LLC now owns 67,155 shares of the financial services provider’s stock valued at $9,721,000 after purchasing an additional 642 shares during the last quarter. Pinnacle Associates Ltd. increased its holdings in Apollo Global Management by 88.0% in the 4th quarter. Pinnacle Associates Ltd. now owns 19,206 shares of the financial services provider’s stock valued at $2,780,000 after purchasing an additional 8,992 shares during the last quarter. Allworth Financial LP increased its holdings in Apollo Global Management by 10.8% in the 4th quarter. Allworth Financial LP now owns 2,305 shares of the financial services provider’s stock valued at $334,000 after purchasing an additional 224 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its holdings in Apollo Global Management by 1.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 53,186 shares of the financial services provider’s stock valued at $7,699,000 after purchasing an additional 550 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

APO has been the subject of several research reports. TD Cowen reiterated a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. UBS Group lifted their target price on shares of Apollo Global Management from $138.00 to $158.00 and gave the company a “buy” rating in a report on Friday, May 8th. Barclays boosted their price target on shares of Apollo Global Management from $125.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada boosted their price target on shares of Apollo Global Management from $139.00 to $146.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and an average price target of $150.75.

Apollo Global Management Price Performance

Shares of APO opened at $135.23 on Friday. Apollo Global Management Inc. has a 1-year low of $99.56 and a 1-year high of $157.28. The stock has a market cap of $77.96 billion, a PE ratio of 86.13, a price-to-earnings-growth ratio of 1.13 and a beta of 1.52. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 1.73. The firm has a fifty day moving average price of $116.51 and a 200 day moving average price of $127.73.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.05. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The firm had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the previous year, the company earned $1.82 earnings per share. Apollo Global Management’s quarterly revenue was down 8.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Apollo Global Management Inc. will post 8.37 EPS for the current year.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be given a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 1.7%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Tuesday, May 19th. Apollo Global Management’s dividend payout ratio is presently 129.94%.

About Apollo Global Management

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.