Yousif Capital Management LLC Acquires 89,289 Shares of Apollo Global Management Inc. $APO

Yousif Capital Management LLC grew its holdings in Apollo Global Management Inc. (NYSE:APO) by 202.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,300 shares of the financial services provider’s stock after buying an additional 89,289 shares during the period. Yousif Capital Management LLC’s holdings in Apollo Global Management were worth $15,471,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Legal & General Group Plc purchased a new stake in shares of Apollo Global Management during the 2nd quarter valued at about $459,987,000. Bank of New York Mellon Corp bought a new position in shares of Apollo Global Management in the 2nd quarter valued at about $336,644,000. Temasek Holdings Private Ltd grew its position in Apollo Global Management by 214.4% in the first quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock worth $263,861,000 after acquiring an additional 1,614,813 shares in the last quarter. Deutsche Bank AG purchased a new position in Apollo Global Management in the second quarter worth about $172,290,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Apollo Global Management in the second quarter worth about $136,528,000. 77.06% of the stock is currently owned by institutional investors.

Insider Activity

In related 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 transaction 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 approximately $55,847,707.72. This trade represents a 0.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on APO shares. Keefe, Bruyette & Woods raised Apollo Global Management to a “hold” rating in a research note on Monday, July 20th. Evercore raised their price objective on Apollo Global Management from $145.00 to $146.00 in a research note on Thursday, October 8th. BMO Capital Markets lifted their target price on Apollo Global Management from $126.00 to $134.00 and gave the stock a “market perform” rating in a report on Monday, August 10th. Wall Street Zen raised Apollo Global Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Finally, UBS Group cut their target price on Apollo Global Management from $172.00 to $163.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. Fourteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.90.

Apollo Global Management Trading Down 1.8%

NYSE:APO traded down $2.10 during mid-day trading on Friday, hitting $112.73. 2,780,053 shares of the stock traded hands, compared to its average volume of 3,507,514. The stock has a market capitalization of $66.57 billion, a price-to-earnings ratio of 41.29, a PEG ratio of 1.06 and a beta of 1.58. 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 $124.10 and its two-hundred day moving average is $125.23. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.34.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data 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 firm 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 company earned $1.92 earnings per share. On average, equities research analysts predict that Apollo Global Management Inc. will post 7.97 earnings per share for the current year.

Apollo Global Management Dividend Announcement

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

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.