Apollo Global Management Inc. $APO Stock Purchased by Kintegral Advisory LLC

Kintegral Advisory LLC boosted its position in shares of Apollo Global Management Inc. (NYSE:APO) by 355.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,756 shares of the financial services provider’s stock after purchasing an additional 14,640 shares during the quarter. Kintegral Advisory LLC’s holdings in Apollo Global Management were worth $2,177,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Osbon Capital Management LLC purchased a new position in Apollo Global Management during the 4th quarter valued at about $36,000. Steigerwald Gordon & Koch Inc. raised its position in Apollo Global Management by 484.1% during the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 213 shares during the last quarter. Continuum Advisory LLC purchased a new stake in shares of Apollo Global Management in the second quarter valued at about $30,000. MBM Wealth Consultants LLC purchased a new stake in shares of Apollo Global Management in the first quarter valued at about $29,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in shares of Apollo Global Management in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on APO shares. Keefe, Bruyette & Woods raised shares of Apollo Global Management to a “hold” rating in a research note on Monday, July 20th. Wall Street Zen raised Apollo Global Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Weiss Ratings upgraded Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 21st. Royal Bank Of Canada raised 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. Finally, Jefferies Financial Group cut their price target on Apollo Global Management from $138.00 to $127.00 and set a “hold” rating for the company in a report on Tuesday, October 6th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $152.60.

Apollo Global Management Trading Down 0.9%

Shares of NYSE:APO traded down $1.00 during trading on Friday, reaching $110.87. The stock had a trading volume of 4,079,337 shares, compared to its average volume of 3,543,628. The business has a fifty day moving average price of $126.76 and a 200-day moving average price of $125.12. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. The stock has a market cap of $65.47 billion, a P/E ratio of 40.61, a PEG ratio of 0.99 and a beta of 1.58. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $153.29.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data 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). 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 for the quarter, compared to analysts’ expectations of $5.65 billion. During the same period in the previous year, the company posted $1.92 EPS. As a group, analysts anticipate that Apollo Global Management Inc. will post 8.00 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

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

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the stock in a transaction 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 transaction, the chief financial officer owned 396,533 shares of the company’s stock, valued at $55,847,707.72. This represents a 0.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 8.30% of the company’s stock.

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.