Czech National Bank Boosts Stock Position in Apollo Global Management Inc. $APO

Czech National Bank boosted its stake in shares of Apollo Global Management Inc. (NYSE:APOFree Report) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 122,438 shares of the financial services provider’s stock after buying an additional 5,570 shares during the period. Czech National Bank’s holdings in Apollo Global Management were worth $17,724,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in APO. Delos Wealth Advisors LLC bought a new position in shares of Apollo Global Management during the second quarter valued at $25,000. Atlantic Union Bankshares Corp raised its position in shares of 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 worth $27,000 after purchasing an additional 99 shares during the last quarter. Sound Income Strategies LLC bought a new position in Apollo Global Management in the 3rd quarter worth about $28,000. SJS Investment Consulting Inc. grew its position in Apollo Global Management by 1,123.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 191 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its position 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 valued at $36,000 after purchasing an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

Shares of APO opened at $109.74 on Friday. The firm has a market capitalization of $63.46 billion, a P/E ratio of 19.88, a PEG ratio of 0.89 and a beta of 1.60. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.31 and a quick ratio of 1.31. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $157.28. The business has a fifty day moving average of $120.77 and a 200 day moving average of $130.40.

Apollo Global Management (NYSE:APOGet Free Report) last announced its earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.43. The business had revenue of $9.86 billion for 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 business’s revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the firm posted $2.39 earnings per share. As a group, sell-side analysts anticipate that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 19th were issued a $0.51 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.9%. Apollo Global Management’s dividend payout ratio (DPR) is presently 36.96%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on APO. Argus upgraded shares of Apollo Global Management to a “strong-buy” rating in a research note on Thursday, February 19th. Morgan Stanley increased their price target on shares of Apollo Global Management from $180.00 to $181.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. TD Cowen reissued a “buy” rating on shares of Apollo Global Management in a research report on Thursday, February 12th. Wolfe Research restated an “outperform” rating on shares of Apollo Global Management in a report on Wednesday, January 7th. Finally, Royal Bank Of Canada began coverage on Apollo Global Management in a research report on Monday, February 23rd. They issued a “sector perform” rating and a $142.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and an average price target of $158.13.

Read Our Latest Analysis on APO

Key Stories Impacting Apollo Global Management

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Apollo Global Management Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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