Flputnam Investment Management Co. Acquires Shares of 154,939 Apollo Global Management Inc. $APO

Flputnam Investment Management Co. acquired a new stake in Apollo Global Management Inc. (NYSE:APO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 154,939 shares of the financial services provider’s stock, valued at approximately $18,331,000.

Other hedge funds also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Apollo Global Management in the 4th quarter valued at about $29,000. Osbon Capital Management LLC acquired a new stake in shares of Apollo Global Management in the 4th quarter valued at about $36,000. Steigerwald Gordon & Koch Inc. grew its stake in Apollo Global Management by 484.1% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock worth $29,000 after buying an additional 213 shares during the last quarter. MBM Wealth Consultants LLC purchased a new position in Apollo Global Management during the 1st quarter worth approximately $29,000. Finally, Physician Wealth Advisors Inc. increased its position in Apollo Global Management by 57.8% during the fourth quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock worth $38,000 after buying an additional 96 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on APO. Weiss Ratings reiterated a “hold (c-)” rating on shares of Apollo Global Management in a research note on Friday, August 7th. Piper Sandler lowered their target price on shares of Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. Morgan Stanley cut their target price on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating on the stock in a report on Tuesday, July 21st. Wall Street Zen downgraded shares of Apollo Global Management from a “sell” rating to a “strong sell” rating in a research report on Monday, August 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Apollo Global Management in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average price target of $152.77.

Apollo Global Management Trading Down 0.0%

NYSE:APO opened at $140.69 on Monday. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $153.29. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. The stock has a fifty day moving average price of $126.53 and a two-hundred day moving average price of $122.69. The stock has a market capitalization of $83.08 billion, a price-to-earnings ratio of 51.54, a PEG ratio of 1.26 and a beta of 1.51.

Apollo Global Management (NYSE:APO) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.The company had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter in the previous year, the firm posted $1.92 earnings per share. As a group, sell-side analysts anticipate that Apollo Global Management Inc. will post 8.12 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be issued a dividend of $0.5625 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.25 dividend on an annualized basis and a yield of 1.6%. Apollo Global Management’s payout ratio is currently 82.42%.

Insiders Place Their Bets

In other Apollo Global Management news, insider John P. Zito sold 48,644 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total value of $6,355,825.04. Following the completion of the transaction, the insider directly owned 3,063,696 shares of the company’s stock, valued at approximately $400,302,519.36. This trade represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 8.30% of the company’s stock.

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.