Apollo Global Management, Inc. (NYSE:APO) is Dark Forest Capital Management LP’s 3rd Largest Position

Dark Forest Capital Management LP increased its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 2,406.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 103,701 shares of the financial services provider’s stock after buying an additional 99,564 shares during the period. Apollo Global Management comprises approximately 2.2% of Dark Forest Capital Management LP’s holdings, making the stock its 3rd biggest holding. Dark Forest Capital Management LP’s holdings in Apollo Global Management were worth $12,244,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Quest Partners LLC purchased a new stake in Apollo Global Management during the 4th quarter worth approximately $83,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of Apollo Global Management by 49.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 52,576 shares of the financial services provider’s stock worth $4,900,000 after buying an additional 17,361 shares during the last quarter. US Bancorp DE raised its holdings in Apollo Global Management by 24.2% in the fourth quarter. US Bancorp DE now owns 8,263 shares of the financial services provider’s stock valued at $770,000 after acquiring an additional 1,608 shares in the last quarter. SageView Advisory Group LLC boosted its stake in Apollo Global Management by 9.7% during the 4th quarter. SageView Advisory Group LLC now owns 2,751 shares of the financial services provider’s stock valued at $279,000 after acquiring an additional 244 shares during the last quarter. Finally, Orion Portfolio Solutions LLC raised its stake in Apollo Global Management by 206.2% during the fourth quarter. Orion Portfolio Solutions LLC now owns 8,075 shares of the financial services provider’s stock valued at $778,000 after buying an additional 5,438 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insiders Place Their Bets

In other news, Director Pauline Richards bought 2,351 shares of the firm’s stock in a transaction that occurred on 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 purchase, the director now directly owns 85,854 shares of the company’s stock, valued at approximately $9,007,801.68. The acquisition was disclosed in a filing with the SEC, which is available at this link. 8.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Bank of America upgraded Apollo Global Management from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $124.00 to $123.00 in a research report on Tuesday, August 6th. UBS Group boosted their target price on shares of Apollo Global Management from $116.00 to $123.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Keefe, Bruyette & Woods raised their price target 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 report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Apollo Global Management from $129.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $129.65.

Apollo Global Management Trading Down 0.5 %

Shares of APO stock opened at $124.52 on Thursday. Apollo Global Management, Inc. has a 1 year low of $77.11 and a 1 year high of $126.93. The firm has a market capitalization of $70.75 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 1.30 and a beta of 1.61. The stock has a fifty day moving average of $113.78 and a two-hundred day moving average of $114.02. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26.

Apollo Global Management (NYSE:APO) last announced its earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (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 company had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $873.18 million. During the same quarter in the prior year, the company earned $1.54 EPS. As a group, research analysts expect that Apollo Global Management, Inc. will post 6.62 EPS for the current year.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a dividend of $0.4625 per share. 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 payout ratio is 20.49%.

Apollo Global Management Company Profile

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.