Caprock Group LLC Purchases New Stake in Apollo Global Management Inc. $APO

Caprock Group LLC acquired a new position in Apollo Global Management Inc. (NYSE:APO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,980 shares of the financial services provider’s stock, valued at approximately $815,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APO. Amundi grew its position in shares of Apollo Global Management by 68.9% during the 2nd quarter. Amundi now owns 1,311,102 shares of the financial services provider’s stock worth $187,199,000 after buying an additional 534,904 shares during the period. Marshall Wace LLP boosted its stake in Apollo Global Management by 5,670.1% in the second quarter. Marshall Wace LLP now owns 395,020 shares of the financial services provider’s stock valued at $56,041,000 after acquiring an additional 388,174 shares during the last quarter. Bessemer Group Inc. grew its holdings in Apollo Global Management by 31.1% during the 3rd quarter. Bessemer Group Inc. now owns 1,617,228 shares of the financial services provider’s stock worth $215,530,000 after acquiring an additional 383,198 shares during the period. Westfield Capital Management Co. LP grew its holdings in Apollo Global Management by 54.3% during the 2nd quarter. Westfield Capital Management Co. LP now owns 761,721 shares of the financial services provider’s stock worth $108,065,000 after acquiring an additional 268,119 shares during the period. Finally, Select Equity Group L.P. raised its position in shares of Apollo Global Management by 52.9% during the 2nd quarter. Select Equity Group L.P. now owns 689,212 shares of the financial services provider’s stock valued at $97,779,000 after acquiring an additional 238,327 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 6,000 shares of Apollo Global Management stock in a transaction on Monday, December 1st. The shares were sold at an average price of $131.41, for a total value of $788,460.00. Following the sale, the chief financial officer directly owned 325,604 shares in the company, valued at approximately $42,787,621.64. The trade was a 1.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.50% of the company’s stock.

Apollo Global Management Stock Performance

APO opened at $124.99 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.31 and a quick ratio of 1.49. The company has a market capitalization of $72.55 billion, a price-to-earnings ratio of 22.64, a P/E/G ratio of 1.08 and a beta of 1.57. The business’s 50-day moving average price is $140.99 and its two-hundred day moving average price is $135.76. Apollo Global Management Inc. has a 1 year low of $102.58 and a 1 year high of $164.22.

Apollo Global Management (NYSE:APO) last announced its earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.43. The business had revenue of $9.86 billion for the quarter, compared to analyst estimates of $1.19 billion. Apollo Global Management had a return on equity of 15.25% and a net margin of 10.90%.Apollo Global Management’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $2.39 EPS. Equities analysts expect that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 19th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, February 19th. Apollo Global Management’s payout ratio is currently 36.96%.

Analyst Upgrades and Downgrades

APO has been the subject of a number of analyst reports. TD Cowen reaffirmed a “buy” rating on shares of Apollo Global Management in a research note on Thursday. Wolfe Research restated an “outperform” rating on shares of Apollo Global Management in a research report on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a research note on Monday, December 29th. Evercore lifted their price objective on shares of Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Finally, Barclays decreased 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 report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $164.79.

About Apollo Global Management

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.