GSA Capital Partners LLP Buys New Stake in Apollo Global Management Inc. $APO

GSA Capital Partners LLP purchased a new position in Apollo Global Management Inc. (NYSE:APO) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 17,826 shares of the financial services provider’s stock, valued at approximately $2,109,000.

A number of other hedge funds also recently bought and sold shares of the business. Sunbelt Securities Inc. lifted its position in Apollo Global Management by 16.9% during the third quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 82 shares during the last quarter. United Advisor Group LLC increased its holdings in shares of Apollo Global Management by 4.7% in the 4th quarter. United Advisor Group LLC now owns 1,948 shares of the financial services provider’s stock worth $282,000 after buying an additional 87 shares during the last quarter. Broadway Wealth Solutions Inc. raised its position in shares of Apollo Global Management by 3.8% during the 4th quarter. Broadway Wealth Solutions Inc. now owns 2,388 shares of the financial services provider’s stock valued at $346,000 after buying an additional 87 shares in the last quarter. First Horizon Corp raised its position in shares of Apollo Global Management by 8.1% during the 4th quarter. First Horizon Corp now owns 1,228 shares of the financial services provider’s stock valued at $178,000 after buying an additional 92 shares in the last quarter. Finally, Physician Wealth Advisors Inc. raised its position in shares of Apollo Global Management by 57.8% during the 4th quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock valued at $38,000 after buying an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Piper Sandler dropped their price target on Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating for the company in a research report on Monday, July 13th. BMO Capital Markets lowered their price objective on Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating for the company in a research note on Monday, July 13th. UBS Group lifted their target price on Apollo Global Management from $157.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Keefe, Bruyette & Woods raised Apollo Global Management to a “hold” rating in a research report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus price target of $152.77.

Apollo Global Management Stock Down 2.0%

Shares of NYSE APO opened at $140.69 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.73. The company has a market cap of $83.08 billion, a P/E ratio of 51.54, a PEG ratio of 1.26 and a beta of 1.51. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $153.29. The firm has a 50-day simple moving average of $126.53 and a two-hundred day simple moving average of $122.75.

Apollo Global Management (NYSE:APO) last announced its 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). The business had revenue of $5.57 billion for the quarter, compared to analysts’ expectations 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 firm earned $1.92 EPS. Research analysts anticipate that Apollo Global Management Inc. will post 8.12 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders 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 dividend on an annualized basis and a yield of 1.6%. Apollo Global Management’s dividend payout ratio (DPR) is 82.42%.

Insider Activity at Apollo Global Management

In other news, insider John P. Zito sold 48,644 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total value of $6,355,825.04. Following the completion of the sale, the insider owned 3,063,696 shares in the company, valued at approximately $400,302,519.36. The trade was a 1.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 8.30% of the company’s stock.

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.