Financiere des Professionnels Fonds d investissement inc. Invests $2.24 Million in Apollo Global Management Inc. $APO

Financiere des Professionnels Fonds d investissement inc. acquired a new position in shares of Apollo Global Management Inc. (NYSE:APO) in the first quarter, Holdings Channel reports. The firm acquired 20,107 shares of the financial services provider’s stock, valued at approximately $2,240,000.

Other institutional investors also recently added to or reduced their stakes in the company. Schnieders Capital Management LLC. purchased a new stake in shares of Apollo Global Management during the second quarter valued at about $7,954,000. Baird Financial Group Inc. grew its position in shares of 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 worth $2,287,000 after buying an additional 8,709 shares during the last quarter. Gamco Investors INC. ET AL grew its position in shares of 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 worth $949,000 after buying an additional 305 shares during the last quarter. Nebula Research & Development LLC bought a new position in shares of Apollo Global Management during the 2nd quarter worth approximately $722,000. Finally, Northern Right Capital Management L.P. raised its stake in shares of Apollo Global Management by 1.5% during the 2nd quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider’s stock worth $24,542,000 after acquiring an additional 2,500 shares in the last quarter. 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 stock in a transaction on 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 owned 3,063,696 shares in the company, valued at $400,302,519.36. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.30% of the stock is owned by company insiders.

Apollo Global Management Trading Down 2.3%

Apollo Global Management stock opened at $120.51 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.45. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $156.89. The company has a market capitalization of $69.48 billion, a price-to-earnings ratio of 76.76, a price-to-earnings-growth ratio of 1.07 and a beta of 1.50. The stock has a 50-day moving average price of $127.52 and a 200 day moving average price of $125.06.

Apollo Global Management (NYSE:APO) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 EPS 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 firm had revenue of $5.06 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the prior year, the firm earned $1.82 earnings per share. 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 8.23 EPS for the current year.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were issued 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 1.9%. Apollo Global Management’s payout ratio is currently 143.31%.

Analyst Ratings Changes

Several equities research analysts have weighed in on APO shares. Evercore restated an “outperform” rating on shares of Apollo Global Management in a research note on Tuesday, April 21st. Barclays upped their price target on Apollo Global Management from $131.00 to $132.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. TD Cowen decreased their price objective on Apollo Global Management from $155.00 to $146.00 and set a “buy” rating for the company in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Apollo Global Management in a research report on Thursday, May 7th. Finally, Weiss Ratings downgraded Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and a consensus price target of $149.50.

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.