Apollo Global Management Inc. $APO Stock: Mitchell & Pahl Private Wealth LLC Grows Holdings

Mitchell & Pahl Private Wealth LLC grew its position in shares of Apollo Global Management Inc. (NYSE:APO) by 260.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,185 shares of the financial services provider’s stock after purchasing an additional 23,971 shares during the quarter. Apollo Global Management makes up about 1.3% of Mitchell & Pahl Private Wealth LLC’s holdings, making the stock its 15th largest position. Mitchell & Pahl Private Wealth LLC’s holdings in Apollo Global Management were worth $3,851,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in APO. MBM Wealth Consultants LLC purchased a new stake in shares of Apollo Global Management in the 1st quarter valued at about $29,000. Steigerwald Gordon & Koch Inc. grew its stake in Apollo Global Management by 484.1% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock worth $29,000 after buying an additional 213 shares during the last quarter. Continuum Advisory LLC purchased a new position in Apollo Global Management during the 2nd quarter worth approximately $30,000. Keating Financial Advisory Services Inc. acquired a new position in Apollo Global Management during the second quarter worth approximately $31,000. Finally, Osbon Capital Management LLC acquired a new position in Apollo Global Management during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 396,533 shares of the company’s stock, valued at $55,847,707.72. This trade represents a 0.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.30% of the stock is owned by corporate insiders.

Apollo Global Management Stock Performance

Apollo Global Management stock traded down $2.84 during trading hours on Wednesday, reaching $113.44. 4,647,116 shares of the stock were exchanged, compared to its average volume of 4,244,881. The stock has a market cap of $66.99 billion, a P/E ratio of 41.55, a P/E/G ratio of 1.06 and a beta of 1.58. 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 52-week low of $99.56 and a 52-week high of $153.29. The firm’s 50 day moving average is $127.73 and its 200 day moving average is $125.17.

Apollo Global Management (NYSE:APO) last released its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.16 by ($0.05). The firm had revenue of $5.57 billion during the quarter, compared to analyst estimates 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 last year, the business posted $1.92 EPS. Analysts predict that Apollo Global Management Inc. will post 8.00 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 19th were issued a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 19th. Apollo Global Management’s dividend payout ratio is currently 82.42%.

Analysts Set New Price Targets

APO has been the subject of a number of research reports. Rothschild & Co Redburn boosted their price objective on Apollo Global Management from $171.00 to $173.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Piper Sandler raised their target price on shares of Apollo Global Management from $156.00 to $159.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 4th. Evercore lifted their target price on shares of Apollo Global Management from $145.00 to $146.00 in a report on Thursday, October 8th. UBS Group reduced their price target on shares of Apollo Global Management from $172.00 to $163.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Bank of America reduced their price target on shares of Apollo Global Management from $163.00 to $161.00 in a research report on Monday, October 5th. Fourteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $152.60.

About Apollo Global Management

Apollo Global Management, Inc (NYSE: APO) is a global alternative asset manager that provides investment management and related services to institutional investors, companies, family offices and individual investors. The firm invests across private equity, credit and real assets, with strategies spanning corporate lending, private and public debt, infrastructure, real estate and other long-term investments.

Apollo also manages retirement and insurance-related assets through Athene, a retirement services company affiliated with Apollo.