Apollo Global Management Inc. $APO Shares Purchased by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. grew its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 25.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 83,639 shares of the financial services provider’s stock after purchasing an additional 16,883 shares during the quarter. Punch & Associates Investment Management Inc.’s holdings in Apollo Global Management were worth $12,108,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Apollo Global Management during the 4th quarter worth $29,000. Physician Wealth Advisors Inc. lifted its stake in shares of Apollo Global Management by 57.8% during the 4th quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 96 shares during the period. Greykasell Wealth Strategies Inc. purchased a new position in shares of Apollo Global Management during the 4th quarter worth $42,000. City Holding Co. lifted its stake in shares of Apollo Global Management by 391.9% during the 4th quarter. City Holding Co. now owns 305 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 243 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of Apollo Global Management by 54.4% during the 4th quarter. Cullen Frost Bankers Inc. now owns 366 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 129 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Up 1.7%

Shares of NYSE APO opened at $138.41 on Wednesday. Apollo Global Management Inc. has a 12-month low of $99.56 and a 12-month high of $157.28. The company has a market cap of $79.80 billion, a P/E ratio of 88.16, a P/E/G ratio of 1.17 and a beta of 1.50. 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 stock has a fifty day moving average price of $126.23 and a 200 day moving average price of $128.06.

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 (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the prior year, the firm earned $1.82 EPS. The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. Research analysts anticipate that Apollo Global Management Inc. will post 8.28 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were paid a dividend of $0.5625 per share. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.51. This represents a $2.25 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, May 19th. Apollo Global Management’s payout ratio is 143.31%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on APO shares. The Goldman Sachs Group reduced their price target on 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. TD Cowen reduced their price target on Apollo Global Management from $155.00 to $146.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Morgan Stanley reduced their price target on Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Evercore reissued an “outperform” rating on shares of Apollo Global Management in a research note on Tuesday, April 21st. Finally, UBS Group increased their target price on Apollo Global Management from $138.00 to $158.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $151.23.

Insider Buying and Selling 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 stock was sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the completion of the sale, the insider directly owned 3,063,696 shares in the company, valued at $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 is available at this hyperlink. 8.30% of the stock is owned by corporate insiders.

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.