Bahl & Gaynor Inc. Purchases 381,479 Shares of Apollo Global Management Inc. $APO

Bahl & Gaynor Inc. raised its position in Apollo Global Management Inc. (NYSE:APO) by 62.0% during the third quarter, HoldingsChannel.com reports. The firm owned 996,727 shares of the financial services provider’s stock after purchasing an additional 381,479 shares during the period. Bahl & Gaynor Inc.’s holdings in Apollo Global Management were worth $132,834,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of APO. Delos Wealth Advisors LLC purchased a new stake in shares of Apollo Global Management in the second quarter worth approximately $25,000. Atlantic Union Bankshares Corp grew its position in Apollo Global Management by 99.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 99 shares during the last quarter. SJS Investment Consulting Inc. grew its position in Apollo Global Management by 1,123.5% in the 3rd quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 191 shares during the last quarter. Nemes Rush Group LLC purchased a new stake in Apollo Global Management in the second quarter worth $30,000. Finally, Andra AP fonden bought a new stake in shares of Apollo Global Management during the second quarter worth $31,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

Shares of NYSE:APO opened at $104.31 on Monday. The firm has a 50 day moving average of $135.30 and a 200 day moving average of $134.00. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $60.54 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 0.84 and a beta of 1.61. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $157.28.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.43. Apollo Global Management had a return on equity of 15.25% and a net margin of 10.90%.Apollo Global Management’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.39 EPS. On average, sell-side analysts predict that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 19th were issued a $0.51 dividend. The ex-dividend date was Thursday, February 19th. This represents a $2.04 dividend on an annualized basis and a yield of 2.0%. Apollo Global Management’s payout ratio is currently 36.96%.

Analyst Upgrades and Downgrades

Several research firms recently commented on APO. Argus raised shares of Apollo Global Management to a “strong-buy” rating in a research note on Thursday, February 19th. Keefe, Bruyette & Woods upped their target price on shares of Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Morgan Stanley lifted their price target on shares of Apollo Global Management from $180.00 to $181.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Wolfe Research reissued an “outperform” rating on shares of Apollo Global Management in a research note on Wednesday, January 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Apollo Global Management in a report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $161.27.

Apollo Global Management 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.