Apollo Global Management Inc. $APO Holdings Raised by Regal Partners Ltd

Regal Partners Ltd increased its position in Apollo Global Management Inc. (NYSE:APO) by 28.4% during the first quarter, HoldingsChannel.com reports. The fund owned 1,269,689 shares of the financial services provider’s stock after acquiring an additional 280,585 shares during the quarter. Apollo Global Management accounts for approximately 7.7% of Regal Partners Ltd’s holdings, making the stock its 3rd largest holding. Regal Partners Ltd’s holdings in Apollo Global Management were worth $141,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on APO. Barclays upped their price objective on Apollo Global Management from $131.00 to $132.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Morgan Stanley cut their target price on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. Weiss Ratings lowered shares of Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. The Goldman Sachs Group decreased their price target on shares of Apollo Global Management from $169.00 to $134.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $149.08.

Apollo Global Management Stock Performance

Shares of APO stock opened at $124.80 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a market capitalization of $71.95 billion, a price-to-earnings ratio of 79.49, a price-to-earnings-growth ratio of 1.08 and a beta of 1.50. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $153.29. The company has a 50 day moving average price of $125.85 and a 200 day moving average price of $123.62.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results 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 net margin of 3.62% and a return on equity of 14.43%. The company had revenue of $5.06 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same quarter last year, the business earned $1.82 EPS. Apollo Global Management’s revenue for the quarter was down 8.8% on a year-over-year basis. Sell-side analysts anticipate that Apollo Global Management Inc. will post 8.19 EPS for the current year.

Apollo Global Management Increases Dividend

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

Insiders Place Their Bets

In related news, insider John P. Zito sold 48,644 shares of Apollo Global Management stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total value of $6,355,825.04. Following the transaction, the insider owned 3,063,696 shares in the company, valued at approximately $400,302,519.36. This trade represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.30% of the company’s stock.

Apollo Global Management Company 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.