Hilltop National Bank Acquires New Holdings in Apollo Global Management Inc. $APO

Hilltop National Bank acquired a new stake in Apollo Global Management Inc. (NYSE:APO) in the second quarter, HoldingsChannel reports. The firm acquired 2,876 shares of the financial services provider’s stock, valued at approximately $408,000.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in Apollo Global Management by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 550,221 shares of the financial services provider’s stock valued at $75,347,000 after buying an additional 7,441 shares during the last quarter. Clearview Wealth Advisors LLC raised its holdings in Apollo Global Management by 420.7% in the 1st quarter. Clearview Wealth Advisors LLC now owns 21,558 shares of the financial services provider’s stock valued at $2,952,000 after buying an additional 17,418 shares during the last quarter. Sowell Financial Services LLC bought a new position in Apollo Global Management in the 1st quarter valued at approximately $871,000. Elevation Point Wealth Partners LLC bought a new position in Apollo Global Management in the 1st quarter valued at approximately $492,000. Finally, True North Advisors LLC bought a new position in Apollo Global Management during the 1st quarter worth approximately $2,097,000. Institutional investors own 77.06% of the company’s stock.

Insider Activity at Apollo Global Management

In related news, insider Leon D. Black sold 915,000 shares of Apollo Global Management stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total value of $122,637,450.00. Following the completion of the sale, the insider owned 4,526,000 shares of the company’s stock, valued at approximately $606,619,780. This trade represents a 16.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Whitney Chatterjee sold 4,500 shares of Apollo Global Management stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total transaction of $657,135.00. Following the completion of the sale, the insider directly owned 83,192 shares of the company’s stock, valued at approximately $12,148,527.76. The trade was a 5.13% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 935,000 shares of company stock valued at $125,543,790. 8.20% of the stock is owned by company insiders.

Apollo Global Management Stock Performance

Shares of APO stock opened at $125.81 on Friday. The company has a market cap of $71.97 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 1.37 and a beta of 1.68. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $189.49. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $138.35 and a 200-day moving average of $137.03.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.84 by $0.08. The company had revenue of $6,550,000 billion during the quarter, compared to the consensus estimate of $1.01 billion. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. During the same quarter last year, the firm posted $1.64 EPS. On average, equities analysts forecast that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were given a $0.51 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.04 annualized dividend and a yield of 1.6%. Apollo Global Management’s dividend payout ratio (DPR) is presently 38.13%.

Analysts Set New Price Targets

Several research firms have issued reports on APO. Evercore ISI raised their price target on shares of Apollo Global Management from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Wall Street Zen lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Friday. Barclays raised their price target on shares of Apollo Global Management from $156.00 to $168.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. BMO Capital Markets began coverage on shares of Apollo Global Management in a report on Friday. They set a “market perform” rating and a $132.00 price target for the company. Finally, Citigroup raised their price target on shares of Apollo Global Management from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $164.07.

Apollo Global Management Company Profile

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.