Huntington National Bank Boosts Stake in Apollo Global Management Inc. $APO

Huntington National Bank grew its position in shares of Apollo Global Management Inc. (NYSE:APO) by 39.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,658 shares of the financial services provider’s stock after acquiring an additional 10,557 shares during the quarter. Huntington National Bank’s holdings in Apollo Global Management were worth $5,019,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Delos Wealth Advisors LLC acquired a new stake in Apollo Global Management during the 2nd quarter worth approximately $25,000. Atlantic Union Bankshares Corp grew its stake in Apollo Global Management by 99.0% during the third quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock worth $27,000 after buying an additional 99 shares during the period. Sound Income Strategies LLC acquired a new stake in shares of Apollo Global Management in the third quarter worth $28,000. SJS Investment Consulting Inc. raised its stake in shares of 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 period. Finally, Nemes Rush Group LLC acquired a new position in shares of Apollo Global Management during the 2nd quarter valued at $30,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Price Performance

APO stock opened at $104.31 on Friday. The stock’s 50 day moving average is $135.30 and its two-hundred day moving average is $134.04. Apollo Global Management Inc. has a 52-week low of $102.58 and a 52-week high of $157.28. The company has a market capitalization of $60.54 billion, a PE ratio of 18.90, a P/E/G ratio of 0.84 and a beta of 1.57. The company has a quick ratio of 1.49, a current ratio of 1.31 and a debt-to-equity ratio of 0.33.

Apollo Global Management (NYSE:APO) last released its earnings results on Monday, February 9th. The financial services provider reported $2.47 EPS for the quarter, beating the consensus estimate of $2.04 by $0.43. 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 quarter in the previous year, the company posted $2.39 earnings per share. Analysts predict that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

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

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 6,000 shares of Apollo Global Management stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $131.41, for a total value of $788,460.00. Following the completion of the transaction, the chief financial officer directly owned 325,604 shares in the company, valued at approximately $42,787,621.64. This trade represents a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on APO shares. Keefe, Bruyette & Woods increased their price target on Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. lowered their target price on Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating for the company in a research note on Tuesday, February 10th. UBS Group reduced their price target on Apollo Global Management from $182.00 to $152.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Apollo Global Management in a report on Tuesday, February 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Apollo Global Management in a research note on Monday, December 29th. Two equities 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $161.27.

About Apollo Global Management

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.