Apollo Global Management, Inc. (NYSE:APO) Holdings Lifted by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. grew its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,046 shares of the financial services provider’s stock after purchasing an additional 191 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Apollo Global Management were worth $1,540,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of APO. Vanguard Group Inc. increased its stake in shares of Apollo Global Management by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 41,038,114 shares of the financial services provider’s stock valued at $3,824,342,000 after acquiring an additional 750,781 shares during the period. Capital International Investors boosted its stake in Apollo Global Management by 2.1% during the 4th quarter. Capital International Investors now owns 10,775,413 shares of the financial services provider’s stock valued at $1,004,161,000 after purchasing an additional 218,566 shares in the last quarter. Putnam Investments LLC increased its position in shares of Apollo Global Management by 2.8% during the 4th quarter. Putnam Investments LLC now owns 5,939,220 shares of the financial services provider’s stock valued at $553,476,000 after purchasing an additional 164,400 shares during the period. Capital Research Global Investors raised its stake in shares of Apollo Global Management by 40.3% in the 1st quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock worth $532,852,000 after buying an additional 1,360,525 shares in the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of Apollo Global Management by 3.8% in the second quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider’s stock valued at $318,522,000 after buying an additional 97,797 shares during the period. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Argus lowered their target price on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. UBS Group lifted their price objective on shares of Apollo Global Management from $116.00 to $123.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Bank of America upgraded shares of Apollo Global Management from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $124.00 to $123.00 in a report on Tuesday, August 6th. Wells Fargo & Company began coverage on shares of Apollo Global Management in a report on Thursday, September 12th. They set an “overweight” rating and a $132.00 target price for the company. Finally, StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and an average target price of $129.06.

Insiders Place Their Bets

In related news, Director Pauline Richards purchased 2,351 shares of the stock in a transaction on Tuesday, August 6th. The shares were bought at an average price of $104.92 per share, for a total transaction of $246,666.92. Following the completion of the acquisition, the director now directly owns 85,854 shares in the company, valued at approximately $9,007,801.68. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Price Performance

NYSE APO opened at $124.48 on Monday. The company has a 50 day simple moving average of $113.64 and a 200-day simple moving average of $113.73. Apollo Global Management, Inc. has a 52-week low of $77.11 and a 52-week high of $126.45. 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. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26.

Apollo Global Management (NYSE:APO) last issued its earnings results on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. The firm had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $873.18 million. During the same quarter last year, the firm earned $1.54 EPS. Equities research 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 firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were given a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 1.49%. The ex-dividend date was Friday, August 16th. Apollo Global Management’s dividend payout ratio is 20.49%.

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.