Apollo Global Management Inc. $APO Stock: Nvwm LLC Increases Holdings

Nvwm LLC increased its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 8,327.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,658 shares of the financial services provider’s stock after acquiring an additional 6,579 shares during the quarter. Nvwm LLC’s holdings in Apollo Global Management were worth $773,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Apollo Global Management by 4.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider’s stock worth $669,372,000 after purchasing an additional 234,517 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Apollo Global Management during the second quarter valued at about $459,987,000. Bank of New York Mellon Corp acquired a new position in shares of Apollo Global Management during the second quarter valued at about $336,644,000. Temasek Holdings Private Ltd raised its position in shares of Apollo Global Management by 214.4% during the first quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock valued at $263,861,000 after buying an additional 1,614,813 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Apollo Global Management by 15.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,976,083 shares of the financial services provider’s stock valued at $220,149,000 after buying an additional 266,732 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

APO has been the topic of a number of recent research reports. Barclays lifted their target price on Apollo Global Management from $132.00 to $157.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Bank of America lowered their price target on Apollo Global Management from $163.00 to $161.00 in a research note on Monday, October 5th. Jefferies Financial Group cut their price target on Apollo Global Management from $138.00 to $127.00 and set a “hold” rating for the company in a report on Tuesday, October 6th. BMO Capital Markets raised their price objective on Apollo Global Management from $126.00 to $134.00 and gave the stock a “market perform” rating in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. raised their price objective on Apollo Global Management from $150.00 to $154.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 2nd. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $152.60.

Apollo Global Management Trading Down 2.4%

APO stock opened at $113.44 on Thursday. Apollo Global Management Inc. has a 1-year low of $99.56 and a 1-year high of $153.29. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $127.41 and its 200-day moving average is $125.19. The firm has a market cap of $66.99 billion, a P/E ratio of 41.55, a P/E/G ratio of 1.03 and a beta of 1.58.

Apollo Global Management (NYSE:APO) last posted 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). The company had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.65 billion. Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%. During the same quarter last year, the business earned $1.92 EPS. Equities analysts anticipate that Apollo Global Management Inc. will post 8.00 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were paid a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 2.0%. The ex-dividend date was Wednesday, August 19th. Apollo Global Management’s dividend payout ratio is currently 82.42%.

Insider Activity

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of Apollo Global Management stock in a transaction on Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the completion of the transaction, the chief financial officer directly owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.30% of the company’s stock.

Apollo Global Management Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative asset manager that provides investment management and related services to institutional investors, companies, family offices and individual investors. The firm invests across private equity, credit and real assets, with strategies spanning corporate lending, private and public debt, infrastructure, real estate and other long-term investments.

Apollo also manages retirement and insurance-related assets through Athene, a retirement services company affiliated with Apollo.