Apollo Global Management Inc. $APO Shares Acquired by Tidal Investments LLC

Tidal Investments LLC raised its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 12.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 36,804 shares of the financial services provider’s stock after purchasing an additional 3,973 shares during the period. Tidal Investments LLC’s holdings in Apollo Global Management were worth $4,354,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. MBM Wealth Consultants LLC purchased a new stake in Apollo Global Management in the 1st quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. raised its holdings in shares of Apollo Global Management by 484.1% in the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 213 shares during the last quarter. Continuum Advisory LLC purchased a new stake in shares of Apollo Global Management in the second quarter valued at $30,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Apollo Global Management during the second quarter valued at $31,000. Finally, Osbon Capital Management LLC purchased a new stake in Apollo Global Management during the 4th quarter worth about $36,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Stock Performance

Apollo Global Management stock opened at $128.31 on Tuesday. The stock’s 50-day moving average is $128.44 and its 200-day moving average is $123.49. The company has a market cap of $75.77 billion, a price-to-earnings ratio of 47.00, a price-to-earnings-growth ratio of 1.13 and a beta of 1.52. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. 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 released its quarterly earnings data 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 analyst estimates of $5.65 billion. During the same period in the previous year, the company earned $1.92 EPS. Equities analysts anticipate that Apollo Global Management Inc. will post 8.08 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were paid a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Wednesday, August 19th. Apollo Global Management’s payout ratio is currently 82.42%.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 3,000 shares of the 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 sale, the chief financial officer 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 8.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on APO. Morgan Stanley lowered their price target on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a report on Tuesday, July 21st. BMO Capital Markets decreased their target price on shares of Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating on the stock in a research report on Monday, July 13th. Royal Bank Of Canada lifted their target price on shares of Apollo Global Management from $137.00 to $146.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. Weiss Ratings upgraded Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 21st. Finally, Barclays increased their price target on Apollo Global Management from $132.00 to $157.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $152.15.

Apollo Global Management Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative asset manager that provides investment management and retirement services. The company serves institutional investors, businesses and individual investors through a range of strategies focused on private equity, credit, real assets and other long-term investments.

Apollo’s asset-management business invests across industries and geographies, with activities that include corporate and structured credit, private equity, infrastructure, real estate and hybrid strategies.