Apollo Global Management Inc. $APO Shares Purchased by National Pension Service

National Pension Service boosted its position in shares of Apollo Global Management Inc. (NYSE:APO) by 3.9% in the second quarter, HoldingsChannel.com reports. The fund owned 879,811 shares of the financial services provider’s stock after purchasing an additional 33,191 shares during the period. National Pension Service’s holdings in Apollo Global Management were worth $104,090,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Osbon Capital Management LLC acquired a new stake in shares of Apollo Global Management during the fourth quarter worth about $36,000. Steigerwald Gordon & Koch Inc. grew its holdings in shares of Apollo Global Management by 484.1% in the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 213 shares in the last quarter. Continuum Advisory LLC purchased a new stake in Apollo Global Management during the 2nd quarter worth approximately $30,000. MBM Wealth Consultants LLC purchased a new stake in Apollo Global Management during the 1st quarter worth approximately $29,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in Apollo Global Management during the 2nd quarter worth approximately $31,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 currently owned by corporate insiders.

Analyst Ratings Changes

APO has been the subject of several recent research reports. Morgan Stanley decreased their price target on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. BMO Capital Markets cut their price objective on Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating on the stock in a research report on Monday, July 13th. Barclays increased their price objective on Apollo Global Management from $132.00 to $157.00 and gave the company an “overweight” rating in a research note on Wednesday, August 5th. UBS Group lifted their target price on Apollo Global Management from $157.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. boosted their target price on Apollo Global Management from $150.00 to $154.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $152.15.

Apollo Global Management Stock Down 2.3%

Shares of Apollo Global Management stock opened at $127.91 on Friday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $153.29. The company has a market capitalization of $75.54 billion, a P/E ratio of 46.85, a P/E/G ratio of 1.15 and a beta of 1.52. The company has a 50 day moving average of $128.11 and a 200 day moving average of $123.29.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 EPS 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 analysts’ expectations of $5.65 billion. During the same period in the prior year, the company posted $1.92 earnings per share. As a group, research analysts forecast that Apollo Global Management Inc. will post 8.08 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 19th were issued a $0.5625 dividend. This represents a $2.25 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Wednesday, August 19th. Apollo Global Management’s dividend payout ratio is 82.42%.

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative asset manager that provides investment management and retirement services. The company serves institutional investors, businesses and individual investors through a range of strategies focused on private equity, credit, real assets and other long-term investments.

Apollo’s asset-management business invests across industries and geographies, with activities that include corporate and structured credit, private equity, infrastructure, real estate and hybrid strategies.