18,821 Apollo Global Management Inc. $APO Shares Purchased by Quadrant Capital Group LLC

Quadrant Capital Group LLC increased its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 586.0% in the third quarter, Holdings Channel.com reports. The fund owned 22,033 shares of the financial services provider’s stock after purchasing an additional 18,821 shares during the period. Quadrant Capital Group LLC’s holdings in Apollo Global Management were worth $2,557,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of APO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Apollo Global Management by 4.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider’s stock valued at $669,372,000 after purchasing an additional 234,517 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of Apollo Global Management in the second quarter worth about $459,987,000. Bank of New York Mellon Corp lifted its position in shares of Apollo Global Management by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 2,901,110 shares of the financial services provider’s stock worth $323,242,000 after buying an additional 188,668 shares in the last quarter. Temasek Holdings Private Ltd lifted its position in shares of 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 buying an additional 1,614,813 shares in the last quarter. Finally, Curated Wealth Partners LLC boosted its stake in Apollo Global Management by 91.8% during the third quarter. Curated Wealth Partners LLC now owns 2,205,762 shares of the financial services provider’s stock valued at $255,887,000 after buying an additional 1,055,818 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 3,000 shares of Apollo Global Management stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the completion of the transaction, the chief financial officer owned 396,533 shares in the company, valued at approximately $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.30% of the company’s stock.

Apollo Global Management Stock Performance

Shares of NYSE:APO opened at $111.76 on Thursday. 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 capitalization of $66.00 billion, a P/E ratio of 40.94, a PEG ratio of 1.02 and a beta of 1.58. The firm has a fifty day simple moving average of $125.24 and a two-hundred day simple moving average of $125.26. 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 earnings per share for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). The business had revenue of $5.57 billion during the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $1.92 earnings per share. On average, analysts expect that Apollo Global Management Inc. will post 7.97 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 19th were given 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 dividend payout ratio (DPR) is currently 82.42%.

Analyst Ratings Changes

Several equities analysts have weighed in on APO shares. Rothschild & Co Redburn raised their price target on Apollo Global Management from $171.00 to $173.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Barclays lifted their price objective on Apollo Global Management from $132.00 to $157.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group decreased their price objective on Apollo Global Management from $154.00 to $148.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Jefferies Financial Group decreased their price objective on Apollo Global Management from $138.00 to $127.00 and set a “hold” rating on the stock in a report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. increased their target price on Apollo Global Management from $150.00 to $154.00 and gave the company an “overweight” rating in a research report on Wednesday, September 2nd. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $151.90.

Apollo Global Management Company Profile

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.