Apollo Global Management, Inc. (NYSE:APO) Shares Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC increased its stake in shares of Apollo Global Management, Inc. (NYSE:APOGet Rating) by 6.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,576 shares of the financial services provider’s stock after purchasing an additional 1,549 shares during the quarter. Kestra Advisory Services LLC’s holdings in Apollo Global Management were worth $1,282,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. US Bancorp DE raised its position in Apollo Global Management by 174.5% in the first quarter. US Bancorp DE now owns 6,275 shares of the financial services provider’s stock worth $390,000 after acquiring an additional 3,989 shares in the last quarter. MetLife Investment Management LLC purchased a new position in Apollo Global Management in the first quarter worth $1,112,000. Panagora Asset Management Inc. purchased a new position in Apollo Global Management in the first quarter worth $202,000. APG Asset Management N.V. purchased a new position in Apollo Global Management in the first quarter worth $457,000. Finally, Yousif Capital Management LLC purchased a new position in Apollo Global Management in the first quarter worth $511,000. 68.98% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. UBS Group cut their price objective on Apollo Global Management from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Wednesday, October 19th. Morgan Stanley raised their price target on Apollo Global Management from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, November 3rd. Keefe, Bruyette & Woods cut Apollo Global Management from an “outperform” rating to a “market perform” rating and set a $77.00 price target for the company. in a research report on Monday, January 2nd. TheStreet cut Apollo Global Management from a “c” rating to a “d+” rating in a research report on Wednesday, November 2nd. Finally, Barclays raised their price target on Apollo Global Management from $78.00 to $85.00 and gave the company an “overweight” rating in a research report on Thursday, January 12th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Apollo Global Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.64.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $64.88, for a total value of $1,297,600.00. Following the sale, the chief financial officer now directly owns 431,486 shares of the company’s stock, valued at approximately $27,994,811.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 15.40% of the stock is owned by corporate insiders.

Apollo Global Management Trading Up 2.6 %

Apollo Global Management stock opened at $68.84 on Tuesday. The stock has a market cap of $39.40 billion, a PE ratio of -12.21, a P/E/G ratio of 0.58 and a beta of 1.72. The stock has a 50-day moving average price of $64.98 and a 200 day moving average price of $58.48. Apollo Global Management, Inc. has a 52 week low of $45.62 and a 52 week high of $71.72. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.08.

Apollo Global Management (NYSE:APOGet Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The financial services provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.14. Apollo Global Management had a positive return on equity of 64.38% and a negative net margin of 48.54%. The firm had revenue of $670.50 million during the quarter, compared to analysts’ expectations of $621.08 million. Equities research analysts predict that Apollo Global Management, Inc. will post 5 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 30th. Shareholders of record on Thursday, November 17th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Wednesday, November 16th. Apollo Global Management’s payout ratio is -28.37%.

Apollo Global Management Profile

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Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.

See Also

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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