PDS Planning Inc Buys 236 Shares of Apollo Global Management Inc. $APO

PDS Planning Inc boosted its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 12.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,154 shares of the financial services provider’s stock after acquiring an additional 236 shares during the period. PDS Planning Inc’s holdings in Apollo Global Management were worth $306,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GW&K Investment Management LLC increased its stake in Apollo Global Management by 84.5% during the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 87 shares during the period. ORG Partners LLC boosted its holdings in shares of Apollo Global Management by 285.0% in the 1st quarter. ORG Partners LLC now owns 231 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 171 shares in the last quarter. Bay Harbor Wealth Management LLC boosted its holdings in shares of Apollo Global Management by 5,200.0% in the 2nd quarter. Bay Harbor Wealth Management LLC now owns 265 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 260 shares in the last quarter. Farmers & Merchants Investments Inc. acquired a new stake in shares of Apollo Global Management in the 1st quarter valued at $39,000. Finally, Rise Advisors LLC acquired a new stake in shares of Apollo Global Management in the 1st quarter valued at $42,000. Institutional investors own 77.06% of the company’s stock.

Insiders Place Their Bets

In other Apollo Global Management news, insider Leon D. Black sold 915,000 shares of Apollo Global Management stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the transaction, the insider directly owned 4,526,000 shares of the company’s stock, valued at approximately $606,619,780. The trade was a 16.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 completion of the transaction, the insider directly owned 83,192 shares of the company’s stock, valued at approximately $12,148,527.76. This trade represents a 5.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 935,000 shares of company stock valued at $125,543,790. 8.50% of the stock is currently owned by company insiders.

Apollo Global Management Stock Down 4.2%

Shares of APO opened at $118.34 on Monday. The company has a market capitalization of $67.69 billion, a PE ratio of 22.12, a PEG ratio of 1.29 and a beta of 1.68. Apollo Global Management Inc. has a 12 month low of $102.58 and a 12 month high of $189.49. The stock’s 50-day moving average price is $136.21 and its two-hundred day moving average price is $136.18. 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 announced its earnings results 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 firm had revenue of $6,550,000 billion for the quarter, compared to the consensus estimate 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 previous year, the business earned $1.64 EPS. On average, analysts anticipate that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have weighed in on APO. Barclays reduced their target price on Apollo Global Management from $168.00 to $147.00 and set an “overweight” rating on the stock in a report on Wednesday. Wall Street Zen downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Wells Fargo & Company raised their target price on Apollo Global Management from $160.00 to $173.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Evercore ISI raised their target price on Apollo Global Management from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a report on Wednesday, October 8th. One 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 company. According to MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and an average price target of $162.57.

About Apollo Global Management

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.