Apollo Global Management, Inc. (NYSE:APO) Shares Purchased by Ieq Capital LLC

Ieq Capital LLC raised its holdings in Apollo Global Management, Inc. (NYSE:APO) by 3.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,891 shares of the financial services provider’s stock after buying an additional 1,172 shares during the quarter. Ieq Capital LLC’s holdings in Apollo Global Management were worth $3,647,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. XTX Topco Ltd acquired a new stake in shares of Apollo Global Management during the 2nd quarter worth $2,992,000. Carolinas Wealth Consulting LLC grew its position in Apollo Global Management by 13.2% during the second quarter. Carolinas Wealth Consulting LLC now owns 2,159 shares of the financial services provider’s stock valued at $255,000 after acquiring an additional 252 shares during the period. Hsbc Holdings PLC raised its holdings in shares of Apollo Global Management by 13.6% in the 2nd quarter. Hsbc Holdings PLC now owns 280,068 shares of the financial services provider’s stock worth $33,094,000 after purchasing an additional 33,484 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Apollo Global Management by 29.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,106 shares of the financial services provider’s stock worth $2,363,000 after purchasing an additional 4,593 shares during the period. Finally, Mercer Global Advisors Inc. ADV lifted its stake in shares of Apollo Global Management by 6.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 16,820 shares of the financial services provider’s stock valued at $1,986,000 after purchasing an additional 1,071 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Trading Up 2.4 %

NYSE:APO opened at $124.48 on Friday. The stock has a fifty day simple moving average of $113.64 and a 200 day simple moving average of $113.69. The firm has a market capitalization of $70.72 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. Apollo Global Management, Inc. has a 1-year low of $77.11 and a 1-year high of $126.45. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.

Apollo Global Management (NYSE:APO) last announced its earnings results on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $6.02 billion during the quarter, compared to analyst estimates of $873.18 million. During the same quarter in the previous year, the business earned $1.54 earnings per share. Sell-side analysts forecast that Apollo Global Management, Inc. will post 6.62 earnings per share for the current year.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Friday, August 16th. Apollo Global Management’s payout ratio is 20.49%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, Director Pauline Richards bought 2,351 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average price of $104.92 per share, with a total value of $246,666.92. Following the completion of the transaction, the director now directly owns 85,854 shares in the company, valued at approximately $9,007,801.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on APO shares. Keefe, Bruyette & Woods increased 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 report on Friday, July 12th. StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Redburn Atlantic began coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target on the stock. Redburn Partners started coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective for the company. Finally, Argus lowered their price objective on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average 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.