Empowered Funds LLC Purchases New Holdings in Apollo Global Management Inc. $APO

Empowered Funds LLC acquired a new position in shares of Apollo Global Management Inc. (NYSE:APO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 36,692 shares of the financial services provider’s stock, valued at approximately $4,341,000.

A number of other institutional investors and hedge funds have also made changes to their positions in APO. United Capital Financial Advisors LLC bought a new position in shares of Apollo Global Management during the second quarter valued at approximately $842,000. Equitable Holdings Inc. bought a new stake in shares of Apollo Global Management in the 2nd quarter worth approximately $1,460,000. Centaurus Financial Inc. purchased a new stake in shares of Apollo Global Management in the 2nd quarter worth approximately $444,000. Formula Growth Ltd. bought a new position in Apollo Global Management during the 2nd quarter valued at approximately $1,633,000. Finally, Coastal Bridge Advisors LLC bought a new position in Apollo Global Management during the 2nd quarter valued at approximately $3,957,000. Institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on APO shares. Barclays boosted their target price on Apollo Global Management from $132.00 to $157.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Royal Bank Of Canada lifted their price target on 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. UBS Group upped their price target on shares of Apollo Global Management from $157.00 to $172.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Wall Street Zen raised shares of Apollo Global Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Finally, Weiss Ratings upgraded shares of Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 21st. 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $152.77.

Apollo Global Management Trading Up 1.4%

Apollo Global Management stock opened at $136.99 on Tuesday. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $153.29. The business’s fifty day moving average is $126.26 and its 200 day moving average is $122.82. The stock has a market capitalization of $80.90 billion, a PE ratio of 50.18, a price-to-earnings-growth ratio of 1.22 and a beta of 1.51. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70.

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 business had revenue of $5.57 billion during the quarter, compared to analysts’ expectations 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 period last year, the firm posted $1.92 EPS. On average, sell-side analysts predict that Apollo Global Management Inc. will post 8.08 EPS for the current year.

Apollo Global Management Announces Dividend

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

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of Apollo Global Management stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $140.84, for a total value of $422,520.00. Following the completion of the sale, the chief financial officer owned 396,533 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. Company insiders own 8.30% of the company’s stock.

Apollo Global Management 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.