Blue Whale Capital LLP Buys New Holdings in Apollo Global Management Inc. $APO

Blue Whale Capital LLP purchased a new stake in shares of Apollo Global Management Inc. (NYSE:APO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 191,268 shares of the financial services provider’s stock, valued at approximately $22,629,000. Apollo Global Management accounts for 0.7% of Blue Whale Capital LLP’s portfolio, making the stock its 24th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Legal & General Group Plc raised its holdings in shares of Apollo Global Management by 4.5% during the fourth quarter. Legal & General Group Plc now owns 3,611,839 shares of the financial services provider’s stock worth $522,850,000 after purchasing an additional 155,857 shares during the period. Sandro Wealth Management LLC bought a new position in shares of Apollo Global Management in the 4th quarter worth about $1,599,000. Vanguard Group Inc. boosted its holdings in shares of Apollo Global Management by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 47,760,608 shares of the financial services provider’s stock valued at $6,913,826,000 after buying an additional 340,956 shares during the period. Louisiana State Employees Retirement System acquired a new position in shares of Apollo Global Management in the 1st quarter valued at about $2,641,000. Finally, State of New Jersey Common Pension Fund D grew its position in shares of Apollo Global Management by 6.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 148,803 shares of the financial services provider’s stock valued at $21,541,000 after buying an additional 9,055 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on APO shares. Keefe, Bruyette & Woods upgraded shares of Apollo Global Management to a “hold” rating in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Apollo Global Management in a research note on Thursday, May 7th. Weiss Ratings raised Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday. Royal Bank Of Canada increased their price target on Apollo Global Management from $137.00 to $146.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. Finally, UBS Group raised their price target on Apollo Global Management from $157.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $152.77.

Apollo Global Management Stock Down 0.0%

APO stock opened at $132.63 on Monday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $153.29. The firm’s 50-day simple moving average is $126.64 and its 200 day simple moving average is $122.68. The stock has a market cap of $78.32 billion, a PE ratio of 48.58, a price-to-earnings-growth ratio of 1.20 and a beta of 1.51.

Apollo Global Management (NYSE:APO) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. The firm had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same period in the previous year, the firm earned $1.92 earnings per share. As a group, sell-side analysts predict that Apollo Global Management Inc. will post 8.08 EPS for the current year.

Apollo Global Management Dividend Announcement

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

Insider Buying and Selling

In related news, insider John P. Zito sold 48,644 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider directly owned 3,063,696 shares in the company, valued at $400,302,519.36. This trade represents a 1.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Martin Kelly sold 3,000 shares of Apollo Global Management stock in a transaction on Friday, August 14th. The shares were sold at an average price of $140.84, for a total value of $422,520.00. Following the sale, the chief financial officer directly owned 396,533 shares in the company, valued at $55,847,707.72. The trade was a 0.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 8.30% of the company’s stock.

Apollo Global Management Company Profile

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.