Generali Asset Management SPA SGR Increases Stake in Apollo Global Management Inc. $APO

Generali Asset Management SPA SGR grew its position in shares of Apollo Global Management Inc. (NYSE:APO) by 1,402.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,516 shares of the financial services provider’s stock after buying an additional 9,816 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Apollo Global Management were worth $1,492,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in Apollo Global Management by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 550,221 shares of the financial services provider’s stock worth $75,347,000 after buying an additional 7,441 shares during the last quarter. Clearview Wealth Advisors LLC raised its position in Apollo Global Management by 420.7% during the 1st quarter. Clearview Wealth Advisors LLC now owns 21,558 shares of the financial services provider’s stock worth $2,952,000 after buying an additional 17,418 shares during the last quarter. True North Advisors LLC purchased a new position in shares of Apollo Global Management in the 1st quarter valued at about $2,097,000. Pinnacle Financial Partners Inc increased its holdings in shares of Apollo Global Management by 4.9% in the 1st quarter. Pinnacle Financial Partners Inc now owns 92,624 shares of the financial services provider’s stock valued at $12,684,000 after purchasing an additional 4,341 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its holdings in shares of Apollo Global Management by 25.3% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 11,749 shares of the financial services provider’s stock valued at $1,609,000 after purchasing an additional 2,375 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $121.55 on Friday. Apollo Global Management Inc. has a 12-month low of $102.58 and a 12-month high of $189.49. The stock has a market capitalization of $69.53 billion, a P/E ratio of 22.72, a P/E/G ratio of 1.38 and a beta of 1.68. The firm’s 50-day moving average is $134.27 and its two-hundred day moving average is $135.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27.

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

Apollo Global Management Dividend Announcement

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

Insiders Place Their Bets

In other Apollo Global Management news, insider Whitney Chatterjee sold 4,500 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total transaction of $657,135.00. Following the sale, the insider directly owned 83,192 shares of the company’s stock, valued at $12,148,527.76. This trade represents a 5.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Leon D. Black sold 915,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 4,526,000 shares in the company, valued at $606,619,780. This represents a 16.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 935,000 shares of company stock valued at $125,543,790 in the last ninety days. Insiders own 8.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on APO. Barclays cut their price target on shares of Apollo Global Management from $168.00 to $147.00 and set an “overweight” rating for the company in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Piper Sandler reiterated an “overweight” rating on shares of Apollo Global Management in a report on Tuesday, October 7th. BMO Capital Markets began coverage on shares of Apollo Global Management in a report on Friday, October 3rd. They issued a “market perform” rating and a $132.00 price target for the company. Finally, Wells Fargo & Company increased their price target on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an “overweight” rating in a report on Friday, July 11th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $161.14.

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.