Apollo Global Management, Inc. (NYSE:APO) is Lodge Hill Capital LLC’s 6th Largest Position

Lodge Hill Capital LLC grew its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 95.2% during the second quarter, Holdings Channel reports. The institutional investor owned 194,768 shares of the financial services provider’s stock after buying an additional 95,000 shares during the period. Apollo Global Management comprises 6.2% of Lodge Hill Capital LLC’s holdings, making the stock its 6th biggest position. Lodge Hill Capital LLC’s holdings in Apollo Global Management were worth $22,996,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in APO. CWA Asset Management Group LLC raised its holdings in Apollo Global Management by 2.8% during the fourth quarter. CWA Asset Management Group LLC now owns 3,399 shares of the financial services provider’s stock valued at $317,000 after acquiring an additional 94 shares during the period. FineMark National Bank & Trust boosted its position in shares of Apollo Global Management by 2.4% during the second quarter. FineMark National Bank & Trust now owns 4,117 shares of the financial services provider’s stock worth $486,000 after acquiring an additional 98 shares during the last quarter. Orion Capital Management LLC grew its stake in Apollo Global Management by 20.0% during the first quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 100 shares in the last quarter. Lindbrook Capital LLC increased its holdings in Apollo Global Management by 8.5% in the 1st quarter. Lindbrook Capital LLC now owns 1,308 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 102 shares during the last quarter. Finally, Valley National Advisers Inc. lifted its position in shares of Apollo Global Management by 0.9% in the first quarter. Valley National Advisers Inc. now owns 11,519 shares of the financial services provider’s stock worth $1,295,000 after buying an additional 104 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Price Performance

Shares of APO opened at $124.54 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. The company has a 50 day moving average price of $113.64 and a 200-day moving average price of $113.66. Apollo Global Management, Inc. has a fifty-two week low of $77.11 and a fifty-two week high of $126.45. The stock has a market capitalization of $70.76 billion, a PE ratio of 13.79, a PEG ratio of 1.13 and a beta of 1.61.

Apollo Global Management (NYSE:APO) last posted its earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. The company had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $873.18 million. During the same quarter in the prior year, the company earned $1.54 EPS. Equities analysts predict that Apollo Global Management, Inc. will post 6.62 earnings per share for the current fiscal year.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a $0.4625 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.85 annualized dividend and a yield of 1.49%. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.49%.

Insider Buying and Selling at Apollo Global Management

In other news, Director Pauline Richards acquired 2,351 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average price of $104.92 per share, with a total value of $246,666.92. Following the transaction, the director now directly owns 85,854 shares in the company, valued at $9,007,801.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 8.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on APO. Redburn Partners assumed coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target on the stock. UBS Group boosted their target price on Apollo Global Management from $116.00 to $123.00 and gave the company a “neutral” rating in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Apollo Global Management from $129.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Redburn Atlantic began coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target on the stock. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $129.06.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.