OMERS ADMINISTRATION Corp Buys Shares of 33,880 Apollo Global Management Inc. $APO

OMERS ADMINISTRATION Corp acquired a new stake in shares of Apollo Global Management Inc. (NYSE:APO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 33,880 shares of the financial services provider’s stock, valued at approximately $4,008,000.

A number of other large investors have also recently added to or reduced their stakes in APO. Bank of New York Mellon Corp bought a new stake in Apollo Global Management during the second quarter worth $336,644,000. Boston Partners grew its position in shares of Apollo Global Management by 106.7% in the 4th quarter. Boston Partners now owns 3,278,862 shares of the financial services provider’s stock valued at $474,384,000 after acquiring an additional 1,692,532 shares during the period. Temasek Holdings Private Ltd grew its position in shares of Apollo Global Management by 214.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock valued at $263,861,000 after acquiring an additional 1,614,813 shares during the period. Deutsche Bank AG acquired a new position in shares of Apollo Global Management during the 2nd quarter worth about $172,290,000. Finally, Focus Partners Wealth increased its stake in shares of Apollo Global Management by 2,560.3% during the 4th quarter. Focus Partners Wealth now owns 1,404,576 shares of the financial services provider’s stock worth $203,324,000 after purchasing an additional 1,351,778 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Up 0.4%

Shares of NYSE:APO opened at $133.27 on Wednesday. Apollo Global Management Inc. has a 12-month low of $99.56 and a 12-month high of $153.29. The stock has a market cap of $78.70 billion, a PE ratio of 48.82, a P/E/G ratio of 1.20 and a beta of 1.51. The business has a 50 day moving average of $126.46 and a 200-day moving average of $122.72. 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 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 net margin of 5.22% and a return on equity of 14.01%. During the same period in the previous year, the company posted $1.92 EPS. As a group, equities research analysts forecast that Apollo Global Management Inc. will post 8.08 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be issued a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, August 19th. Apollo Global Management’s dividend payout ratio is currently 82.42%.

Insider Buying and Selling

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 in the company, 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 at this hyperlink. 8.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on APO. UBS Group raised their target price on shares of Apollo Global Management from $157.00 to $172.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Keefe, Bruyette & Woods raised Apollo Global Management to a “hold” rating in a research report on Monday, July 20th. TD Cowen restated a “buy” rating on shares of Apollo Global Management in a research note on Thursday, August 6th. BMO Capital Markets cut their price objective on Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating for the company in a research report on Monday, July 13th. Finally, Royal Bank Of Canada lifted their target price on Apollo Global Management from $137.00 to $146.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $152.77.

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.