SG Americas Securities LLC Takes $543,000 Position in Apollo Global Management, Inc. (NYSE:APO)

SG Americas Securities LLC acquired a new position in shares of Apollo Global Management, Inc. (NYSE:APO) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,348 shares of the financial services provider’s stock, valued at approximately $543,000.

Several other large investors have also recently modified their holdings of APO. FineMark National Bank & Trust increased 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 purchasing an additional 98 shares in the last quarter. Orion Capital Management LLC raised its stake in Apollo Global Management by 20.0% in the first quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock valued at $67,000 after buying an additional 100 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in 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 acquiring an additional 104 shares in the last quarter. Kintegral Advisory LLC grew its stake in shares of Apollo Global Management by 2.4% during the second quarter. Kintegral Advisory LLC now owns 4,728 shares of the financial services provider’s stock worth $558,000 after acquiring an additional 109 shares during the last quarter. Finally, Menard Financial Group LLC increased its holdings in shares of Apollo Global Management by 2.0% during the second quarter. Menard Financial Group LLC now owns 5,690 shares of the financial services provider’s stock valued at $672,000 after acquiring an additional 113 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Up 0.1 %

APO stock opened at $141.58 on Wednesday. Apollo Global Management, Inc. has a one year low of $77.11 and a one year high of $142.58. 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 firm’s fifty day moving average is $118.37 and its 200 day moving average is $116.24. The firm has a market cap of $80.44 billion, a PE ratio of 15.68, a P/E/G ratio of 1.39 and a beta of 1.62.

Apollo Global Management (NYSE:APO) last posted 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). The business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $873.18 million. Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. During the same quarter last year, the business earned $1.54 earnings per share. On average, research analysts forecast that Apollo Global Management, Inc. will post 6.66 EPS for the current year.

Apollo Global Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Friday, August 16th. Apollo Global Management’s payout ratio is presently 20.49%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Argus lowered their target price on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. Wells Fargo & Company boosted their price objective on shares of Apollo Global Management from $148.00 to $149.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. The Goldman Sachs Group upped their target price on Apollo Global Management from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. TD Cowen lifted their price target on Apollo Global Management from $135.00 to $162.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley increased their price objective on Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average price target of $138.06.

Insiders Place Their Bets

In related news, Director Pauline Richards bought 2,351 shares of the business’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 purchase, the director now directly owns 85,854 shares of the company’s stock, valued at approximately $9,007,801.68. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 8.50% of the stock is currently owned by company insiders.

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.