Guyasuta Investment Advisors Inc. Invests $932,000 in Apollo Global Management Inc. $APO

Guyasuta Investment Advisors Inc. acquired a new stake in Apollo Global Management Inc. (NYSE:APOFree Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 6,440 shares of the financial services provider’s stock, valued at approximately $932,000.

A number of other hedge funds have also bought and sold shares of APO. Schnieders Capital Management LLC. purchased a new position in Apollo Global Management in the 2nd quarter valued at approximately $7,954,000. Baird Financial Group Inc. grew its stake in Apollo Global Management by 117.5% in the 2nd quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider’s stock valued at $2,287,000 after buying an additional 8,709 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in Apollo Global Management by 4.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider’s stock valued at $949,000 after buying an additional 305 shares in the last quarter. Nebula Research & Development LLC purchased a new position in Apollo Global Management in the 2nd quarter valued at approximately $722,000. Finally, Northern Right Capital Management L.P. grew its stake in Apollo Global Management by 1.5% in the 2nd quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider’s stock valued at $24,542,000 after buying an additional 2,500 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Stock Up 0.0%

Shares of NYSE:APO opened at $104.29 on Monday. The firm has a fifty day moving average price of $114.29 and a two-hundred day moving average price of $127.82. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.31 and a quick ratio of 1.31. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $157.28. The company has a market cap of $60.31 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 0.92 and a beta of 1.56.

Apollo Global Management (NYSE:APOGet Free Report) last announced its quarterly earnings results on Monday, February 9th. The financial services provider reported $2.47 EPS for the quarter, beating the consensus estimate of $2.04 by $0.43. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. The firm had revenue of $9.86 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm earned $2.39 EPS. The business’s quarterly revenue was up .8% compared to the same quarter last year. Analysts anticipate that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 19th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Thursday, February 19th. Apollo Global Management’s dividend payout ratio (DPR) is presently 36.96%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating for the company in a research note on Tuesday, February 10th. Royal Bank Of Canada assumed coverage on shares of Apollo Global Management in a research note on Monday, February 23rd. They issued a “sector perform” rating and a $142.00 price objective for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, February 10th. TD Cowen reiterated a “buy” rating on shares of Apollo Global Management in a research note on Thursday, February 12th. Finally, Piper Sandler reduced their price objective on shares of Apollo Global Management from $165.00 to $146.00 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $150.75.

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About Apollo Global Management

(Free Report)

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.

See Also

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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