Apollo Global Management Inc. $APO Stock: Mitchell & Pahl Private Wealth LLC Boosts Position

Mitchell & Pahl Private Wealth LLC increased its holdings in Apollo Global Management Inc. (NYSE:APO) by 260.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 33,185 shares of the financial services provider’s stock after purchasing an additional 23,971 shares during the quarter. Apollo Global Management makes up about 1.3% of Mitchell & Pahl Private Wealth LLC’s investment portfolio, making the stock its 15th largest position. Mitchell & Pahl Private Wealth LLC’s holdings in Apollo Global Management were worth $3,851,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Osbon Capital Management LLC purchased a new position in shares of Apollo Global Management during the fourth quarter valued at approximately $36,000. Steigerwald Gordon & Koch Inc. increased its holdings in Apollo Global Management by 484.1% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 213 shares in the last quarter. Continuum Advisory LLC acquired a new position in Apollo Global Management during the 2nd quarter worth approximately $30,000. MBM Wealth Consultants LLC acquired a new position in Apollo Global Management during the 1st quarter worth approximately $29,000. Finally, Keating Financial Advisory Services Inc. acquired a new position in Apollo Global Management during the 2nd quarter worth approximately $31,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on APO shares. Evercore increased their price objective on shares of Apollo Global Management from $145.00 to $146.00 in a research report on Thursday, October 8th. Royal Bank Of Canada lifted 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 note on Wednesday, August 5th. HSBC began coverage on shares of Apollo Global Management in a research report on Monday, July 20th. They set a “buy” rating and a $145.00 target price on the stock. BMO Capital Markets upped their target price on shares of Apollo Global Management from $126.00 to $134.00 and gave the company a “market perform” rating in a research note on Monday, August 10th. Finally, Jefferies Financial Group lowered their price target on shares of Apollo Global Management from $138.00 to $127.00 and set a “hold” rating for the company in a report on Tuesday, October 6th. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $152.60.

Apollo Global Management Stock Down 2.4%

Shares of NYSE:APO traded down $2.84 during trading on Wednesday, hitting $113.44. The company’s stock had a trading volume of 4,647,116 shares, compared to its average volume of 4,244,881. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $153.29. The stock’s 50-day moving average price is $127.73 and its two-hundred day moving average price is $125.17. The company has a market capitalization of $66.99 billion, a PE ratio of 41.55, a PEG ratio of 1.06 and a beta of 1.58.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share 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 business had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same quarter last year, the business earned $1.92 EPS. As a group, sell-side analysts expect that Apollo Global Management Inc. will post 8.00 EPS for the current year.

Apollo Global Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were given a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 19th. Apollo Global Management’s dividend payout ratio is presently 82.42%.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 3,000 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction 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 represents a 0.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 8.30% of the company’s stock.

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative asset manager that provides investment management and related services to institutional investors, companies, family offices and individual investors. The firm invests across private equity, credit and real assets, with strategies spanning corporate lending, private and public debt, infrastructure, real estate and other long-term investments.

Apollo also manages retirement and insurance-related assets through Athene, a retirement services company affiliated with Apollo.