Apollo Global Management, Inc. (NYSE:APO) Shares Purchased by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd grew its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 12.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 120,256 shares of the financial services provider’s stock after buying an additional 12,952 shares during the period. Mediolanum International Funds Ltd’s holdings in Apollo Global Management were worth $15,104,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in APO. Kingswood Wealth Advisors LLC boosted its holdings in shares of Apollo Global Management by 10.8% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 3,255 shares of the financial services provider’s stock valued at $366,000 after buying an additional 318 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Apollo Global Management by 46.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,220 shares of the financial services provider’s stock valued at $924,000 after acquiring an additional 2,620 shares during the period. Vicus Capital bought a new position in shares of Apollo Global Management during the first quarter valued at approximately $360,000. Iron Horse Wealth Management LLC raised its position in shares of Apollo Global Management by 40.5% during the 1st quarter. Iron Horse Wealth Management LLC now owns 2,354 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 678 shares during the period. Finally, Compass Ion Advisors LLC acquired a new position in Apollo Global Management during the 1st quarter valued at approximately $557,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Price Performance

Shares of NYSE APO traded down $2.60 during midday trading on Friday, reaching $143.69. The company’s stock had a trading volume of 779,562 shares, compared to its average volume of 2,585,203. Apollo Global Management, Inc. has a one year low of $77.11 and a one year high of $146.82. The company has a market cap of $81.64 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 1.39 and a beta of 1.62. The company has a 50 day moving average price of $123.89 and a 200 day moving average price of $117.75. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.03). The company had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $873.18 million. Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. During the same period in the prior year, the company posted $1.54 EPS. On average, equities research analysts expect that Apollo Global Management, Inc. will post 6.66 EPS for the current year.

Apollo Global Management Cuts Dividend

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

Insider Activity at Apollo Global Management

In related news, Director Pauline Richards acquired 2,351 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were purchased at an average price of $104.92 per share, for a total transaction of $246,666.92. Following the acquisition, the director now owns 85,854 shares in the company, valued at approximately $9,007,801.68. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

APO has been the topic of a number of recent research reports. UBS Group raised their target price on Apollo Global Management from $117.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price objective on shares of Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. BMO Capital Markets upped their target price on shares of Apollo Global Management from $123.00 to $138.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Argus dropped their price target on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. Finally, Barclays boosted their price objective on Apollo Global Management from $128.00 to $148.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $139.56.

About Apollo Global Management

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.