Plan Group Financial LLC Purchases New Stake in Apollo Global Management, Inc. (NYSE:APO)

Plan Group Financial LLC purchased a new stake in shares of Apollo Global Management, Inc. (NYSE:APO) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,696 shares of the financial services provider’s stock, valued at approximately $337,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Chicago Capital LLC lifted its holdings in Apollo Global Management by 1.2% during the third quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock valued at $709,000 after purchasing an additional 69 shares during the last quarter. Cyndeo Wealth Partners LLC lifted its holdings in Apollo Global Management by 3.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 77 shares during the last quarter. FineMark National Bank & Trust lifted its holdings in Apollo Global Management by 2.4% during the second quarter. FineMark National Bank & Trust now owns 4,117 shares of the financial services provider’s stock valued at $486,000 after purchasing an additional 98 shares during the last quarter. Orion Capital Management LLC lifted its holdings in Apollo Global Management by 20.0% during the first quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 100 shares during the last quarter. Finally, Valley National Advisers Inc. lifted its holdings in Apollo Global Management by 0.9% during the first quarter. Valley National Advisers Inc. now owns 11,519 shares of the financial services provider’s stock valued at $1,295,000 after purchasing an additional 104 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

APO opened at $143.94 on Wednesday. The stock has a 50-day moving average price of $122.43 and a 200-day moving average price of $117.37. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $81.78 billion, a PE ratio of 15.94, a P/E/G ratio of 1.39 and a beta of 1.62. Apollo Global Management, Inc. has a 1 year low of $77.11 and a 1 year high of $146.82.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.03). Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. The business had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $873.18 million. During the same quarter in the previous year, the business posted $1.54 earnings per share. Sell-side analysts predict that Apollo Global Management, Inc. will post 6.66 earnings per share for the current fiscal year.

Apollo Global Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.4625 per share. The ex-dividend date was Friday, August 16th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.29%. Apollo Global Management’s dividend payout ratio is currently 20.49%.

Insider Buying and Selling at Apollo Global Management

In other news, Director Pauline Richards purchased 2,351 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was acquired at an average cost of $104.92 per share, for a total transaction of $246,666.92. Following the purchase, the director now directly owns 85,854 shares in the company, valued at $9,007,801.68. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Apollo Global Management from $148.00 to $149.00 and gave the stock an “overweight” rating in a report on Wednesday, October 9th. TD Cowen increased their price target on shares of Apollo Global Management from $135.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Evercore ISI raised their target price on shares of Apollo Global Management from $127.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Finally, The Goldman Sachs Group raised their target price on shares of Apollo Global Management from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and an average target price of $139.56.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.