MidFirst Bank Buys Shares of 14,854 Apollo Global Management Inc. $APO

MidFirst Bank acquired a new position in Apollo Global Management Inc. (NYSE:APO) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 14,854 shares of the financial services provider’s stock, valued at approximately $1,757,000.

Several other hedge funds have also recently bought and sold shares of APO. Kohmann Bosshard Financial Services LLC bought a new position in Apollo Global Management during the fourth quarter valued at about $29,000. Osbon Capital Management LLC bought a new stake in shares of Apollo Global Management during the 4th quarter worth about $36,000. Steigerwald Gordon & Koch Inc. increased its holdings in shares of 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 acquiring an additional 213 shares during the last quarter. MBM Wealth Consultants LLC acquired a new position in shares of Apollo Global Management during the 1st quarter valued at about $29,000. Finally, Physician Wealth Advisors Inc. increased its holdings 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 valued at $38,000 after acquiring an additional 96 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Trading Down 4.2%

Apollo Global Management stock opened at $134.91 on Tuesday. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $153.29. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. The firm has a market capitalization of $79.67 billion, a PE ratio of 49.42, a PEG ratio of 1.26 and a beta of 1.51. The business’s 50-day simple moving average is $126.67 and its 200-day simple moving average is $122.71.

Apollo Global Management (NYSE:APO) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.16 by ($0.05). The business 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 quarter in the previous year, the company earned $1.92 EPS. Equities research analysts forecast that Apollo Global Management Inc. will post 8.12 earnings per share for the current year.

Apollo Global Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.5625 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. Apollo Global Management’s payout ratio is 82.42%.

Analyst Ratings Changes

Several research firms recently weighed in on APO. Wall Street Zen upgraded Apollo Global Management from a “strong sell” rating to a “hold” rating in a report on Tuesday. Piper Sandler lowered their price target on Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Keefe, Bruyette & Woods raised shares of Apollo Global Management to a “hold” rating in a research report on Monday, July 20th. Royal Bank Of Canada boosted their price objective on shares of Apollo Global Management from $137.00 to $146.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. Finally, Evercore reaffirmed 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 assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $152.77.

Insider Buying and Selling

In other news, insider John P. Zito sold 48,644 shares of the stock in a transaction that occurred 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 completion of the sale, the insider directly owned 3,063,696 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Also, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction 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 sale, the chief financial officer owned 396,533 shares in the company, valued at approximately $55,847,707.72. The trade was a 0.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 8.30% of the stock is owned by 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.