Generate Investment Management Ltd Makes New $8.21 Million Investment in Apollo Global Management Inc. $APO

Generate Investment Management Ltd purchased a new position in shares of Apollo Global Management Inc. (NYSE:APO) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 70,752 shares of the financial services provider’s stock, valued at approximately $8,211,000.

Other institutional investors have also recently added to or reduced their stakes in the company. MBM Wealth Consultants LLC purchased a new position in Apollo Global Management in the 1st quarter valued at about $29,000. Steigerwald Gordon & Koch Inc. grew its stake in shares of Apollo Global Management by 484.1% during the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 213 shares in the last quarter. Continuum Advisory LLC purchased a new stake in shares of Apollo Global Management during the second quarter worth about $30,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of Apollo Global Management during the second quarter worth about $31,000. Finally, Osbon Capital Management LLC purchased a new stake in shares of Apollo Global Management during the fourth quarter worth about $36,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

NYSE APO traded down $3.51 during trading hours on Wednesday, reaching $112.77. The company’s stock had a trading volume of 2,081,040 shares, compared to its average volume of 4,231,079. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34. The business has a 50-day simple moving average of $127.73 and a 200 day simple moving average of $125.17. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $153.29. The stock has a market cap of $66.60 billion, a PE ratio of 41.35, a PEG ratio of 1.06 and a beta of 1.58.

Apollo Global Management (NYSE:APO) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.16 by ($0.05). The company had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.65 billion. Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. During the same period last year, the company posted $1.92 earnings per share. Equities research analysts predict that Apollo Global Management Inc. will post 8.00 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 19th were issued a $0.5625 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.25 annualized dividend and a dividend yield of 2.0%. Apollo Global Management’s dividend payout ratio (DPR) is 82.42%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on APO. UBS Group cut their price target on Apollo Global Management from $172.00 to $163.00 and set a “buy” rating on the stock in a research note on Tuesday. Wall Street Zen upgraded Apollo Global Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. Evercore increased their price objective on shares of Apollo Global Management from $145.00 to $146.00 in a research note on Thursday, October 8th. Weiss Ratings upgraded Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Finally, The Goldman Sachs Group lowered their price target on Apollo Global Management from $154.00 to $148.00 and set a “buy” rating for the company in a report on Friday, October 2nd. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $152.60.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the completion of the transaction, the chief financial officer owned 396,533 shares in the company, valued at $55,847,707.72. The trade was a 0.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.30% of the stock is owned by corporate insiders.

About Apollo Global Management

Apollo Global Management, Inc (NYSE: APO) is a global alternative asset manager that provides investment management and related services to institutional investors, companies, family offices and individual investors. The firm invests across private equity, credit and real assets, with strategies spanning corporate lending, private and public debt, infrastructure, real estate and other long-term investments.

Apollo also manages retirement and insurance-related assets through Athene, a retirement services company affiliated with Apollo.