Centaurus Financial Inc. Takes Position in Apollo Global Management Inc. $APO

Centaurus Financial Inc. purchased a new position in Apollo Global Management Inc. (NYSE:APO) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 3,755 shares of the financial services provider’s stock, valued at approximately $444,000.

A number of other institutional investors also recently added to or reduced their stakes in APO. Schnieders Capital Management LLC. purchased a new position in Apollo Global Management in the second quarter valued at about $7,954,000. Baird Financial Group Inc. lifted its position in shares of Apollo Global Management by 117.5% during the second quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider’s stock valued at $2,287,000 after buying an additional 8,709 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Apollo Global Management by 4.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider’s stock valued at $949,000 after buying an additional 305 shares in the last quarter. Nebula Research & Development LLC purchased a new position in shares of Apollo Global Management in the 2nd quarter worth approximately $722,000. Finally, Northern Right Capital Management L.P. grew its position in shares of Apollo Global Management by 1.5% in the 2nd quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider’s stock worth $24,542,000 after buying an additional 2,500 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Morgan Stanley lowered their target price on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Barclays increased their price objective on Apollo Global Management from $132.00 to $157.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Weiss Ratings raised Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 21st. HSBC started coverage on Apollo Global Management in a research note on Monday, July 20th. They set a “buy” rating and a $145.00 target price on the stock. Finally, Piper Sandler decreased their price target on Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. One equities research 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $152.77.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the sale, the chief financial officer owned 396,533 shares in the company, valued at approximately $55,847,707.72. The trade was a 0.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.30% of the company’s stock.

Apollo Global Management Trading Up 1.5%

NYSE APO opened at $135.39 on Friday. Apollo Global Management Inc. has a 12-month low of $99.56 and a 12-month high of $153.29. The company has a fifty day simple moving average of $126.22 and a two-hundred day simple moving average of $122.87. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34. The stock has a market cap of $79.95 billion, a P/E ratio of 49.59, a P/E/G ratio of 1.20 and a beta of 1.51.

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 company had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.65 billion. During the same period last year, the firm earned $1.92 earnings per share. On average, analysts forecast that Apollo Global Management Inc. will post 8.08 earnings per share for the current year.

Apollo Global Management Dividend Announcement

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

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.