Guardian Point Capital LP Raises Holdings in Apollo Global Management Inc. $APO

Guardian Point Capital LP lifted its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 42.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 500,000 shares of the financial services provider’s stock after acquiring an additional 150,000 shares during the quarter. Apollo Global Management makes up approximately 23.0% of Guardian Point Capital LP’s holdings, making the stock its biggest holding. Guardian Point Capital LP’s holdings in Apollo Global Management were worth $55,710,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kohmann Bosshard Financial Services LLC bought a new position in Apollo Global Management in the fourth quarter worth approximately $29,000. Osbon Capital Management LLC bought a new stake in Apollo Global Management during the 4th quarter valued at $36,000. Steigerwald Gordon & Koch Inc. raised its position in Apollo Global Management by 484.1% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 213 shares in the last quarter. MBM Wealth Consultants LLC purchased a new stake in shares of Apollo Global Management in the 1st quarter worth $29,000. Finally, Physician Wealth Advisors Inc. lifted its holdings in shares of Apollo Global Management by 57.8% in the 4th quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock worth $38,000 after buying an additional 96 shares during the period. Institutional investors own 77.06% of the company’s stock.

Insider Activity at Apollo Global Management

In other news, insider John P. Zito sold 48,644 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total value of $6,355,825.04. Following the sale, the insider directly owned 3,063,696 shares in the company, valued at approximately $400,302,519.36. This trade represents a 1.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.30% of the company’s stock.

Apollo Global Management Trading Up 3.0%

APO opened at $122.53 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. The firm has a market cap of $70.64 billion, a price-to-earnings ratio of 78.04, a PEG ratio of 1.07 and a beta of 1.50. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $153.29. The stock has a fifty day moving average price of $126.18 and a 200-day moving average price of $124.14.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.05. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The company had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter last year, the company earned $1.82 earnings per share. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Apollo Global Management Inc. will post 8.19 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were given a dividend of $0.5625 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.51. This represents a $2.25 annualized dividend and a dividend yield of 1.8%. Apollo Global Management’s payout ratio is currently 143.31%.

Analysts Set New Price Targets

Several equities analysts have recently commented on APO shares. Morgan Stanley cut their price target on Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating on the stock in a research note on Tuesday. The Goldman Sachs Group lowered their price objective on shares of Apollo Global Management from $169.00 to $134.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. Weiss Ratings downgraded shares of Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Finally, Evercore restated an “outperform” rating on shares of Apollo Global Management in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $149.08.

Apollo Global Management Profile

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.