Edmond DE Rothschild Holding S.A. Invests $1.33 Million in Apollo Global Management Inc. $APO

Edmond DE Rothschild Holding S.A. bought a new position in Apollo Global Management Inc. (NYSE:APO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 11,260 shares of the financial services provider’s stock, valued at approximately $1,332,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new position in shares of Apollo Global Management in the second quarter valued at about $336,644,000. Boston Partners boosted its holdings in shares of Apollo Global Management by 106.7% during the fourth quarter. Boston Partners now owns 3,278,862 shares of the financial services provider’s stock worth $474,384,000 after purchasing an additional 1,692,532 shares during the period. Temasek Holdings Private Ltd boosted its holdings in shares of Apollo Global Management by 214.4% during the first quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock worth $263,861,000 after purchasing an additional 1,614,813 shares during the period. Deutsche Bank AG bought a new stake in shares of Apollo Global Management in the second quarter worth about $172,290,000. Finally, Focus Partners Wealth grew its stake in shares of Apollo Global Management by 2,560.3% in the fourth quarter. Focus Partners Wealth now owns 1,404,576 shares of the financial services provider’s stock worth $203,324,000 after purchasing an additional 1,351,778 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Price Performance

APO opened at $130.29 on Friday. The stock has a fifty day simple moving average of $126.67 and a two-hundred day simple moving average of $122.68. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34. The company has a market cap of $76.94 billion, a price-to-earnings ratio of 47.73, a price-to-earnings-growth ratio of 1.20 and a beta of 1.51. Apollo Global Management Inc. has a 12-month low of $99.56 and a 12-month high of $153.29.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.The business had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the previous year, the business earned $1.92 earnings per share. Research analysts predict that Apollo Global Management Inc. will post 8.12 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, August 19th. Apollo Global Management’s dividend payout ratio (DPR) is 82.42%.

Analyst Ratings Changes

A number of research firms have commented on APO. Wall Street Zen raised Apollo Global Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday. HSBC initiated coverage on Apollo Global Management in a research note on Monday, July 20th. They set a “buy” rating and a $145.00 target price on the stock. Morgan Stanley decreased their target price on Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Apollo Global Management in a report on Friday, August 7th. Finally, Barclays boosted their price objective on shares of Apollo Global Management from $132.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $152.77.

Insider Buying and Selling

In other news, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the completion of the transaction, the chief financial officer directly owned 396,533 shares in the company, valued at $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John P. Zito sold 48,644 shares of Apollo Global Management stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total value of $6,355,825.04. Following the completion of the transaction, the insider directly owned 3,063,696 shares of the company’s stock, valued at approximately $400,302,519.36. This represents a 1.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 8.30% of the stock is owned by company insiders.

About Apollo Global Management

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.