Brookwood Investment Group LLC Takes $202,000 Position in Apollo Global Management Inc. $APO

Brookwood Investment Group LLC acquired a new stake in shares of Apollo Global Management Inc. (NYSE:APO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,425 shares of the financial services provider’s stock, valued at approximately $202,000.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of 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 valued at $75,347,000 after purchasing an additional 7,441 shares in the last quarter. True North Advisors LLC bought a new position in shares of Apollo Global Management during the 1st quarter valued at about $2,097,000. Pinnacle Financial Partners Inc boosted its holdings in shares of Apollo Global Management by 4.9% in the first quarter. Pinnacle Financial Partners Inc now owns 92,624 shares of the financial services provider’s stock worth $12,684,000 after buying an additional 4,341 shares during the period. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of Apollo Global Management by 25.3% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 11,749 shares of the financial services provider’s stock worth $1,609,000 after buying an additional 2,375 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Apollo Global Management by 24.6% in the first quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider’s stock worth $490,482,000 after buying an additional 706,181 shares during the period. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wells Fargo & Company raised their target price on shares of Apollo Global Management from $160.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Apollo Global Management in a report on Wednesday, October 8th. Wall Street Zen cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Evercore ISI raised their target price 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. Finally, Piper Sandler reiterated an “overweight” rating on shares of Apollo Global Management in a report on Tuesday, October 7th. 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $162.57.

Apollo Global Management Stock Performance

APO stock opened at $124.83 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market cap of $71.40 billion, a P/E ratio of 23.33, a P/E/G ratio of 1.42 and a beta of 1.68. The firm has a 50 day simple moving average of $131.90 and a 200 day simple moving average of $136.16. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $189.49.

Apollo Global Management (NYSE:APO) last posted its quarterly 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 business had revenue of $6,550,000 billion during the quarter, compared to analysts’ expectations 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 period last year, the company posted $1.64 earnings per share. Research analysts anticipate that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

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

Insider Buying and Selling

In related news, CFO Martin Kelly sold 15,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the completion of the sale, the chief financial officer directly owned 332,399 shares in the company, valued at approximately $48,234,418.89. This trade represents a 4.46% decrease in their ownership of the stock. 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 the firm’s stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total transaction of $657,135.00. Following the sale, the insider owned 83,192 shares of the company’s stock, valued at approximately $12,148,527.76. This represents a 5.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 935,000 shares of company stock worth $125,543,790. 8.20% of the stock is owned by company insiders.

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.