Bahl & Gaynor Inc. Increases Stake in Apollo Global Management Inc. $APO

Bahl & Gaynor Inc. raised its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 62.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 996,727 shares of the financial services provider’s stock after acquiring an additional 381,479 shares during the quarter. Bahl & Gaynor Inc. owned approximately 0.17% of Apollo Global Management worth $132,834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of APO. Arete Wealth Advisors LLC raised its holdings in Apollo Global Management by 1.1% in the 3rd quarter. Arete Wealth Advisors LLC now owns 14,033 shares of the financial services provider’s stock worth $1,870,000 after purchasing an additional 154 shares during the period. APG Asset Management N.V. increased its position in Apollo Global Management by 0.8% in the third quarter. APG Asset Management N.V. now owns 239,700 shares of the financial services provider’s stock worth $31,945,000 after buying an additional 1,800 shares in the last quarter. Aprio Wealth Management LLC raised its stake in shares of Apollo Global Management by 19.9% in the third quarter. Aprio Wealth Management LLC now owns 1,710 shares of the financial services provider’s stock worth $228,000 after buying an additional 284 shares during the period. Rafferty Asset Management LLC lifted its position in shares of Apollo Global Management by 1.6% during the 3rd quarter. Rafferty Asset Management LLC now owns 155,946 shares of the financial services provider’s stock valued at $20,783,000 after buying an additional 2,520 shares in the last quarter. Finally, Huntington National Bank grew its stake in shares of Apollo Global Management by 39.0% during the 3rd quarter. Huntington National Bank now owns 37,658 shares of the financial services provider’s stock valued at $5,019,000 after acquiring an additional 10,557 shares during the period. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

APO has been the topic of a number of recent analyst reports. The Goldman Sachs Group restated a “buy” rating and set a $165.00 target price on shares of Apollo Global Management in a research note on Monday, February 9th. Barclays reduced their price objective on shares of Apollo Global Management from $168.00 to $158.00 and set an “overweight” rating for the company in a research note on Tuesday, February 10th. Piper Sandler restated an “overweight” rating and set a $165.00 price objective on shares of Apollo Global Management in a research report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Apollo Global Management in a report on Tuesday, February 10th. Finally, Wall Street Zen raised Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Apollo Global Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.27.

Apollo Global Management Stock Performance

Shares of NYSE:APO opened at $104.31 on Monday. The firm has a fifty day simple moving average of $135.30 and a two-hundred day simple moving average of $134.00. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $157.28. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $60.54 billion, a P/E ratio of 18.90, a PEG ratio of 0.84 and a beta of 1.61.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Monday, February 9th. The financial services provider reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.43. Apollo Global Management had a return on equity of 15.25% and a net margin of 10.90%.The firm’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.39 EPS. On average, analysts expect that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 19th were given a $0.51 dividend. The ex-dividend date was Thursday, February 19th. This represents a $2.04 dividend on an annualized basis and a yield of 2.0%. Apollo Global Management’s dividend payout ratio (DPR) is currently 36.96%.

Apollo Global Management Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.