EFG International AG Invests $655,000 in Apollo Global Management Inc. $APO

EFG International AG 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. The firm bought 5,535 shares of the financial services provider’s stock, valued at approximately $655,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new position in Apollo Global Management in the fourth quarter valued at approximately $29,000. MBM Wealth Consultants LLC acquired a new position in Apollo Global Management during the first quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. grew its stake in Apollo Global Management by 484.1% during the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock worth $29,000 after buying an additional 213 shares during the period. Keating Financial Advisory Services Inc. purchased a new stake in Apollo Global Management during the second quarter worth approximately $31,000. Finally, Osbon Capital Management LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter worth $36,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Morgan Stanley cut their target price on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 21st. BMO Capital Markets lowered their price target on Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating for the company in a report on Monday, July 13th. Barclays raised their price objective on Apollo Global Management from $132.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. TD Cowen restated a “buy” rating on shares of Apollo Global Management in a research note on Thursday, August 6th. Finally, Wall Street Zen raised Apollo Global Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $152.77.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $133.41 on Friday. 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 business has a 50 day moving average price of $126.27 and a two-hundred day moving average price of $122.78. The firm has a market cap of $78.78 billion, a PE ratio of 48.87, a price-to-earnings-growth ratio of 1.21 and a beta of 1.51.

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

Apollo Global Management Announces Dividend

The business also recently declared 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 of this dividend is Wednesday, August 19th. This represents a $2.25 annualized dividend and a dividend yield of 1.7%. Apollo Global Management’s dividend payout ratio (DPR) is presently 82.42%.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 3,000 shares of Apollo Global Management stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the completion of the transaction, the chief financial officer directly owned 396,533 shares in the company, valued at approximately $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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.