Apollo Global Management Inc. $APO Stake Boosted by Signaturefd LLC

Signaturefd LLC raised its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 812.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,752 shares of the financial services provider’s stock after acquiring an additional 82,582 shares during the period. Signaturefd LLC’s holdings in Apollo Global Management were worth $10,765,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of APO. Citizens Financial Group Inc. RI grew its position in Apollo Global Management by 224.7% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 13,214 shares of the financial services provider’s stock worth $1,534,000 after purchasing an additional 9,145 shares in the last quarter. Sowell Financial Services LLC increased its stake in Apollo Global Management by 2,040.9% in the 3rd quarter. Sowell Financial Services LLC now owns 77,009 shares of the financial services provider’s stock valued at $8,938,000 after buying an additional 73,412 shares during the last quarter. Evergreen Capital Management LLC lifted its position in shares of Apollo Global Management by 98.1% during the 3rd quarter. Evergreen Capital Management LLC now owns 13,152 shares of the financial services provider’s stock worth $1,526,000 after buying an additional 6,512 shares in the last quarter. DHJJ Financial Advisors Ltd. lifted its position in shares of Apollo Global Management by 209,775.0% during the 3rd quarter. DHJJ Financial Advisors Ltd. now owns 16,790 shares of the financial services provider’s stock worth $1,949,000 after buying an additional 16,782 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its position in shares of Apollo Global Management by 381,675.4% during the 3rd quarter. Manchester Capital Management LLC now owns 217,612 shares of the financial services provider’s stock worth $25,256,000 after buying an additional 217,555 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on APO shares. Wells Fargo & Company assumed coverage on Apollo Global Management in a report on Friday, October 2nd. They issued an “equal weight” rating and a $127.00 target price for the company. Barclays lifted their price target on Apollo Global Management from $132.00 to $157.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price target on Apollo Global Management from $150.00 to $154.00 and gave the stock an “overweight” rating in a report on Wednesday, September 2nd. UBS Group cut their price objective on Apollo Global Management from $172.00 to $163.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. Finally, Morgan Stanley cut their price objective on Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 21st. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $151.90.

Apollo Global Management Stock Performance

Shares of APO stock opened at $112.73 on Friday. The firm has a market cap of $66.57 billion, a price-to-earnings ratio of 41.29, a P/E/G ratio of 1.04 and a beta of 1.58. 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 52 week low of $99.56 and a 52 week high of $153.29. The firm’s 50-day simple moving average is $124.10 and its two-hundred day simple moving average is $125.23.

Apollo Global Management (NYSE:APO) last released its earnings results 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 company had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter in the previous year, the firm earned $1.92 earnings per share. As a group, equities analysts forecast that Apollo Global Management Inc. will post 7.96 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 19th were issued 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 payout ratio is 82.42%.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the transaction, the chief financial officer owned 396,533 shares in the company, valued at approximately $55,847,707.72. This 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. 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 solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.

Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.