6,954 Shares in Apollo Global Management Inc. $APO Acquired by Pure Financial Advisors LLC

Pure Financial Advisors LLC purchased a new stake in shares of Apollo Global Management Inc. (NYSE:APO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 6,954 shares of the financial services provider’s stock, valued at approximately $823,000.

Other large investors have also modified their holdings of the company. Legal & General Group Plc increased its position in shares of Apollo Global Management by 4.5% during the fourth quarter. Legal & General Group Plc now owns 3,611,839 shares of the financial services provider’s stock valued at $522,850,000 after purchasing an additional 155,857 shares during the period. Sandro Wealth Management LLC bought a new position in Apollo Global Management in the fourth quarter worth $1,599,000. Louisiana State Employees Retirement System bought a new position in Apollo Global Management in the first quarter worth $2,641,000. State of New Jersey Common Pension Fund D boosted its stake in Apollo Global Management by 6.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 148,803 shares of the financial services provider’s stock worth $21,541,000 after buying an additional 9,055 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Apollo Global Management by 13.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 67,512 shares of the financial services provider’s stock valued at $9,773,000 after buying an additional 8,003 shares during the period. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Stock Up 0.3%

APO opened at $133.64 on Thursday. The firm’s 50-day simple moving average is $126.36 and its 200-day simple moving average is $122.78. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. Apollo Global Management Inc. has a twelve month low of $99.56 and a twelve month high of $153.29. The firm has a market cap of $78.92 billion, a price-to-earnings ratio of 48.95, a PEG ratio of 1.20 and a beta of 1.51.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by ($0.05). The firm had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.65 billion. Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. During the same period in the prior year, the business earned $1.92 earnings per share. Equities research analysts anticipate that Apollo Global Management Inc. will post 8.08 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

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

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 3,000 shares of the stock in a transaction that occurred on 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 directly owned 396,533 shares in the company, valued at $55,847,707.72. This represents a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on APO shares. Weiss Ratings raised shares of Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 21st. BMO Capital Markets lowered their target price on shares of Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating on the stock in a research note on Monday, July 13th. Royal Bank Of Canada increased their price target on shares of Apollo Global Management from $137.00 to $146.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. Barclays raised their price target on shares of Apollo Global Management from $132.00 to $157.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Finally, HSBC initiated coverage on Apollo Global Management in a report on Monday, July 20th. They set a “buy” rating and a $145.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $152.77.

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.