GSA Capital Partners LLP Purchases Shares of 17,826 Apollo Global Management Inc. $APO

GSA Capital Partners LLP purchased a new position in Apollo Global Management Inc. (NYSE:APO) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,826 shares of the financial services provider’s stock, valued at approximately $2,109,000.

Other institutional investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. increased its holdings in Apollo Global Management by 16.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 82 shares in the last quarter. United Advisor Group LLC lifted its holdings in Apollo Global Management by 4.7% during the fourth quarter. United Advisor Group LLC now owns 1,948 shares of the financial services provider’s stock valued at $282,000 after purchasing an additional 87 shares in the last quarter. Broadway Wealth Solutions Inc. boosted its position in shares of Apollo Global Management by 3.8% in the fourth quarter. Broadway Wealth Solutions Inc. now owns 2,388 shares of the financial services provider’s stock worth $346,000 after purchasing an additional 87 shares during the period. First Horizon Corp boosted its position in shares of Apollo Global Management by 8.1% in the fourth quarter. First Horizon Corp now owns 1,228 shares of the financial services provider’s stock worth $178,000 after purchasing an additional 92 shares during the period. Finally, Physician Wealth Advisors Inc. increased its stake in shares of Apollo Global Management by 57.8% in the fourth quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Piper Sandler decreased their price objective on shares of Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Morgan Stanley dropped 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 report on Tuesday, July 21st. Barclays increased their price target on Apollo Global Management from $132.00 to $157.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. UBS Group raised their price target 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, Royal Bank Of Canada boosted their price objective on Apollo Global Management from $137.00 to $146.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $152.77.

Apollo Global Management Trading Down 2.0%

Apollo Global Management stock opened at $140.69 on Friday. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $153.29. The firm’s 50 day moving average price is $126.53 and its 200-day moving average price is $122.75. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.73. The stock has a market cap of $83.08 billion, a P/E ratio of 51.54, a PEG ratio of 1.26 and a beta of 1.51.

Apollo Global Management (NYSE:APO) last issued its earnings results 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). The company had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.65 billion. Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.During the same quarter in the prior year, the company posted $1.92 EPS. On average, equities analysts predict that Apollo Global Management Inc. will post 8.12 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, August 19th. Apollo Global Management’s dividend payout ratio is 82.42%.

Insider Buying and Selling at Apollo Global Management

In other news, insider John P. Zito sold 48,644 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the completion of the transaction, the insider owned 3,063,696 shares in the company, valued at $400,302,519.36. This trade represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 8.30% of the stock is currently owned by insiders.

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.