BBR Partners LLC Has $3.56 Million Holdings in Apollo Global Management Inc. $APO

BBR Partners LLC boosted its holdings in Apollo Global Management Inc. (NYSE:APO) by 66.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,715 shares of the financial services provider’s stock after acquiring an additional 10,700 shares during the period. BBR Partners LLC’s holdings in Apollo Global Management were worth $3,560,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of APO. Fortress Financial Solutions LLC boosted its holdings in shares of Apollo Global Management by 1.6% during the second quarter. Fortress Financial Solutions LLC now owns 4,561 shares of the financial services provider’s stock worth $647,000 after acquiring an additional 74 shares during the period. Cary Street Partners Investment Advisory LLC lifted its holdings in Apollo Global Management by 44.0% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 252 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 77 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its stake in Apollo Global Management by 1.4% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 5,553 shares of the financial services provider’s stock valued at $740,000 after purchasing an additional 78 shares during the period. Cynosure Group LLC grew its holdings in Apollo Global Management by 2.6% in the 3rd quarter. Cynosure Group LLC now owns 3,385 shares of the financial services provider’s stock valued at $451,000 after buying an additional 85 shares in the last quarter. Finally, SOA Wealth Advisors LLC. increased its position in Apollo Global Management by 8.5% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 1,169 shares of the financial services provider’s stock worth $156,000 after buying an additional 92 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 6,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $131.41, for a total transaction of $788,460.00. Following the sale, the chief financial officer owned 325,604 shares of the company’s stock, valued at $42,787,621.64. This trade represents a 1.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.50% of the company’s stock.

Apollo Global Management Price Performance

Shares of APO stock opened at $125.06 on Wednesday. The business has a fifty day simple moving average of $140.37 and a 200 day simple moving average of $135.53. The company has a market cap of $72.58 billion, a P/E ratio of 22.65, a P/E/G ratio of 1.08 and a beta of 1.57. The company has a quick ratio of 1.49, a current ratio of 1.31 and a debt-to-equity ratio of 0.33. Apollo Global Management Inc. has a twelve month low of $102.58 and a twelve month high of $164.22.

Apollo Global Management (NYSE:APO) last issued its earnings results on Monday, February 9th. The financial services provider reported $2.47 EPS for the quarter, topping the consensus estimate of $2.04 by $0.43. Apollo Global Management had a return on equity of 15.25% and a net margin of 10.90%.The firm had revenue of $9.86 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the firm earned $2.39 earnings per share. The business’s quarterly revenue was up .8% on a year-over-year basis. On average, sell-side analysts forecast that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Thursday, February 19th will be given a $0.51 dividend. The ex-dividend date is Thursday, February 19th. This represents a $2.04 dividend on an annualized basis and a yield of 1.6%. Apollo Global Management’s dividend payout ratio (DPR) is currently 36.96%.

Analysts Set New Price Targets

APO has been the subject of several analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $165.00 price objective on shares of Apollo Global Management in a research note on Tuesday, February 10th. Evercore lifted their price target on shares of Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. JPMorgan Chase & Co. cut their price target on Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating for the company in a research note on Tuesday, February 10th. Wall Street Zen raised Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Morgan Stanley increased their target price on Apollo Global Management from $180.00 to $181.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $164.79.

Apollo Global Management Company 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.