2,168 Shares in Apollo Global Management Inc. $APO Purchased by Coordinated Financial Services Inc.

Coordinated Financial Services Inc. bought a new position in shares of Apollo Global Management Inc. (NYSE:APO) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 2,168 shares of the financial services provider’s stock, valued at approximately $308,000.

Other hedge funds have also recently bought and sold shares of the company. Y.D. More Investments Ltd boosted its stake in shares of Apollo Global Management by 14.4% in the first quarter. Y.D. More Investments Ltd now owns 619 shares of the financial services provider’s stock valued at $85,000 after buying an additional 78 shares in the last quarter. Walled Lake Planning & Wealth Management LLC boosted its position in Apollo Global Management by 3.3% during the first quarter. Walled Lake Planning & Wealth Management LLC now owns 2,516 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 80 shares in the last quarter. GW&K Investment Management LLC boosted its position in Apollo Global Management by 84.5% during the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 87 shares in the last quarter. CVA Family Office LLC boosted its position in Apollo Global Management by 19.7% during the first quarter. CVA Family Office LLC now owns 534 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 88 shares in the last quarter. Finally, World Investment Advisors boosted its position in Apollo Global Management by 1.3% during the first quarter. World Investment Advisors now owns 7,089 shares of the financial services provider’s stock worth $971,000 after purchasing an additional 93 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analysts Set New Price Targets

APO has been the topic of a number of research analyst reports. Wall Street Zen downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Apollo Global Management in a research report on Wednesday. Citigroup boosted their target price on Apollo Global Management from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday, July 10th. Evercore ISI boosted their target price on Apollo Global Management from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Apollo Global Management in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.57.

Insiders Place Their Bets

In other news, insider Whitney Chatterjee sold 4,500 shares of Apollo Global Management stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total value of $657,135.00. Following the transaction, the insider directly owned 83,192 shares of the company’s stock, valued at $12,148,527.76. The trade was a 5.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Martin Kelly sold 15,500 shares of Apollo Global Management stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total value of $2,249,205.00. Following the completion of the transaction, the chief financial officer directly owned 332,399 shares in the company, valued at $48,234,418.89. This represents a 4.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 935,000 shares of company stock worth $125,543,790 over the last three months. 8.20% of the stock is owned by insiders.

Apollo Global Management Stock Performance

Apollo Global Management stock opened at $123.31 on Friday. The firm has a market capitalization of $70.54 billion, a P/E ratio of 23.05, a PEG ratio of 1.35 and a beta of 1.68. The stock has a fifty day moving average price of $136.61 and a 200 day moving average price of $136.48. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $189.49. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.37.

Apollo Global Management (NYSE:APO) last released its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.84 by $0.08. The firm had revenue of $6,550,000 billion during the quarter, compared to analyst estimates of $1.01 billion. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.During the same period in the prior year, the firm posted $1.64 earnings per share. Equities research analysts anticipate that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, August 18th. Apollo Global Management’s dividend payout ratio is presently 38.13%.

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.