2 weeks Ago By ABMN Staff
Mark Asset Management LP purchased a new position in shares of Apollo Global Management, Inc. ( NYSE:APO – Free Report ) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 90,421 shares of the financial services provider’s stock, valued at approximately $10,676,000.
Apollo Global Management comprises approximately 1.1% of Mark Asset Management LP’s portfolio, making the stock its 23rd biggest holding. A number of other large investors have also bought and sold shares of the stock.
Quest Partners LLC bought a new position in shares of Apollo Global Management during the fourth quarter valued at about $83,000. Cambridge Investment Research Advisors Inc. raised its position in Apollo Global Management by 49.
3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 52,576 shares of the financial services provider’s stock valued at $4,900,000 after purchasing an additional 17,361 shares during the last quarter.
US Bancorp DE lifted its holdings in Apollo Global Management by 24.2% in the 4th quarter. US Bancorp DE now owns 8,263 shares of the financial services provider’s stock worth $770,000 after buying an additional 1,608 shares during the period.
Orion Portfolio Solutions LLC grew its position in shares of Apollo Global Management by 206.2% in the 4th quarter. Orion Portfolio Solutions LLC now owns 8,075 shares of the financial services provider’s stock worth $778,000 after buying an additional 5,438 shares during the last quarter.
Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Apollo Global Management by 6.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 14,919 shares of the financial services provider’s stock valued at $1,390,000 after buying an additional 877 shares during the period.
77.06% of the stock is owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades A number of analysts recently commented on APO shares.
UBS Group raised their price target on Apollo Global Management from $116.00 to $123.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th.
Evercore ISI lifted their target price on shares of Apollo Global Management from $128.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, July 15th.
Wolfe Research began coverage on shares of Apollo Global Management in a research note on Wednesday. They issued an “outperform” rating and a $139.00 price target for the company.
StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Apollo Global Management from $129.
00 to $124.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock.
According to data from MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.65. Insider Buying and Selling In related news, Director Pauline Richards bought 2,351 shares of the stock in a transaction on Tuesday, August 6th.
The shares were acquired at an average price of $104.92 per share, for a total transaction of $246,666.92.
Following the purchase, the director now owns 85,854 shares of the company’s stock, valued at $9,007,801.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link .
8.50% of the stock is owned by corporate insiders. Apollo Global Management Trading Up 0.
7 % Shares of NYSE APO opened at $125.44 on Friday. The firm’s 50 day moving average price is $113.
88 and its 200-day moving average price is $114.10. Apollo Global Management, Inc.
has a 52-week low of $77.11 and a 52-week high of $126.93.
The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.
26. The company has a market cap of $71.27 billion, a PE ratio of 13.
89, a P/E/G ratio of 1.30 and a beta of 1.61.
Apollo Global Management ( NYSE:APO – Get Free Report ) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $6.
02 billion during the quarter, compared to analysts’ expectations of $873.18 million. During the same quarter in the previous year, the firm earned $1.
54 earnings per share. On average, equities research analysts expect that Apollo Global Management, Inc. will post 6.
62 EPS for the current fiscal year. Apollo Global Management Cuts Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.
4625 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.
85 annualized dividend and a dividend yield of 1.47%. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.
49%. Apollo Global Management Company Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding APO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Global Management, Inc.
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