Jupiter Topco LLC Makes New $48.19 Million Investment in Apollo Global Management Inc. $APO

Jupiter Topco LLC acquired a new stake in Apollo Global Management Inc. (NYSE:APO) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 407,336 shares of the financial services provider’s stock, valued at approximately $48,193,000. Jupiter Topco LLC owned approximately 0.07% of Apollo Global Management at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Kohmann Bosshard Financial Services LLC bought a new position in shares of Apollo Global Management in the fourth quarter worth $29,000. MBM Wealth Consultants LLC acquired a new position in Apollo Global Management in the first quarter valued at about $29,000. Steigerwald Gordon & Koch Inc. lifted its position 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 purchasing an additional 213 shares during the period. Keating Financial Advisory Services Inc. bought a new stake in Apollo Global Management during the second quarter worth about $31,000. Finally, Osbon Capital Management LLC acquired a new stake in Apollo Global Management during the fourth quarter worth about $36,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $140.84, for a total transaction of $422,520.00. Following the sale, the chief financial officer owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. The trade was a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on APO. TD Cowen reissued a “buy” rating on shares of Apollo Global Management in a report on Thursday, August 6th. UBS Group upped their price target on shares of Apollo Global Management from $157.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Barclays increased their price target on shares of Apollo Global Management from $132.00 to $157.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Finally, Royal Bank Of Canada boosted their price objective on shares of Apollo Global Management from $137.00 to $146.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $152.77.

Apollo Global Management Stock Performance

Apollo Global Management stock 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. The stock has a market cap of $78.78 billion, a PE ratio of 48.87, a P/E/G ratio of 1.21 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. The business’s 50-day moving average price is $126.27 and its two-hundred day moving average price is $122.78.

Apollo Global Management (NYSE:APO) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $5.65 billion. Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.During the same period last year, the company posted $1.92 EPS. As a group, analysts expect that Apollo Global Management Inc. will post 8.08 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 paid a $0.5625 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.25 annualized dividend and a yield of 1.7%. Apollo Global Management’s dividend payout ratio is presently 82.42%.

Apollo Global Management 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.