Apollo Global Management Inc. $APO Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its stake in Apollo Global Management Inc. (NYSE:APO) by 24.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,294 shares of the financial services provider’s stock after purchasing an additional 5,870 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Apollo Global Management were worth $3,516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in APO. MBM Wealth Consultants LLC purchased a new position in Apollo Global Management during the first quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. increased its stake in Apollo Global Management by 484.1% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock valued at $29,000 after buying an additional 213 shares during the period. Continuum Advisory LLC purchased a new stake in Apollo Global Management in the 2nd quarter worth approximately $30,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Apollo Global Management during the 2nd quarter valued at $31,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Apollo Global Management during the 2nd quarter valued at $38,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Trading Up 0.4%

Shares of NYSE APO opened at $111.36 on Wednesday. The business has a 50 day simple moving average of $125.77 and a 200 day simple moving average of $125.23. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $153.29. The stock has a market cap of $65.76 billion, a price-to-earnings ratio of 40.79, a PEG ratio of 0.99 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 (NYSE:APO) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.16 by ($0.05). The business 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 previous year, the business posted $1.92 EPS. On average, research analysts predict that Apollo Global Management Inc. will post 7.99 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were given a $0.5625 dividend. 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 payout ratio is currently 82.42%.

Insider Buying and Selling

In other news, CFO Martin Kelly sold 3,000 shares of the stock in a transaction on Friday, August 14th. The shares were 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 in the company, 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 can be accessed through this hyperlink. 8.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

APO has been the topic of several research analyst reports. Rothschild & Co Redburn boosted their price target on shares of Apollo Global Management from $171.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Keefe, Bruyette & Woods raised shares of Apollo Global Management to a “hold” rating in a research note on Monday, July 20th. Piper Sandler cut their price objective on Apollo Global Management from $159.00 to $145.00 and set an “overweight” rating for the company in a report on Monday. Weiss Ratings upgraded Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 21st. Finally, Wall Street Zen raised Apollo Global Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $151.90.

About Apollo Global Management

Apollo Global Management, Inc (NYSE:APO) is a global alternative asset manager that provides investment solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.

Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.