Equitable Trust Co. Takes $1.71 Million Position in Apollo Global Management Inc. $APO

Equitable Trust Co. purchased a new stake in Apollo Global Management Inc. (NYSE:APO) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 12,831 shares of the financial services provider’s stock, valued at approximately $1,710,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APO. Plato Investment Management Ltd boosted its position in shares of Apollo Global Management by 100.3% in the 3rd quarter. Plato Investment Management Ltd now owns 10,888 shares of the financial services provider’s stock worth $1,440,000 after purchasing an additional 5,452 shares during the last quarter. Diversified Trust Co lifted its stake in Apollo Global Management by 2,649.9% in the third quarter. Diversified Trust Co now owns 42,238 shares of the financial services provider’s stock valued at $5,629,000 after buying an additional 40,702 shares during the period. Hsbc Holdings PLC boosted its holdings in Apollo Global Management by 39.2% during the second quarter. Hsbc Holdings PLC now owns 842,391 shares of the financial services provider’s stock worth $119,482,000 after buying an additional 237,180 shares during the last quarter. Stock Yards Bank & Trust Co. boosted its holdings in Apollo Global Management by 2,395.2% during the third quarter. Stock Yards Bank & Trust Co. now owns 124,708 shares of the financial services provider’s stock worth $16,620,000 after buying an additional 119,710 shares during the last quarter. Finally, UniSuper Management Pty Ltd grew its position in shares of Apollo Global Management by 23.1% during the 3rd quarter. UniSuper Management Pty Ltd now owns 40,324 shares of the financial services provider’s stock worth $5,374,000 after buying an additional 7,580 shares during the period. 77.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 6,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 325,604 shares of the company’s stock, valued at $42,787,621.64. This represents a 1.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 8.50% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on APO. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, February 10th. JPMorgan Chase & Co. reduced their price target on shares of Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 10th. BMO Capital Markets set a $136.00 price objective on shares of Apollo Global Management and gave the company a “market perform” rating in a research report on Tuesday, November 25th. Royal Bank Of Canada began coverage on Apollo Global Management in a research note on Monday. They set a “sector perform” rating and a $142.00 price objective on the stock. Finally, Wall Street Zen raised Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $161.27.

Apollo Global Management Trading Down 5.1%

APO opened at $113.58 on Tuesday. The stock has a market capitalization of $65.92 billion, a P/E ratio of 20.58, a P/E/G ratio of 1.04 and a beta of 1.57. The company has a current ratio of 1.31, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33. Apollo Global Management Inc. has a 12 month low of $102.58 and a 12 month high of $157.28. The firm’s fifty day simple moving average is $138.03 and its 200 day simple moving average is $134.84.

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

Apollo Global Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Thursday, February 19th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Thursday, February 19th. Apollo Global Management’s dividend payout ratio (DPR) is currently 36.96%.

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.