TrinityBridge Ltd Takes Position in Apollo Global Management Inc. $APO

TrinityBridge Ltd acquired a new position in Apollo Global Management Inc. (NYSE:APO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,205 shares of the financial services provider’s stock, valued at approximately $498,000.

Other large investors have also added to or reduced their stakes in the company. Vise Technologies Inc. bought a new position in Apollo Global Management in the second quarter valued at $614,000. E Fund Management Co. Ltd. bought a new stake in Apollo Global Management during the 2nd quarter worth about $209,000. Edmond DE Rothschild Holding S.A. bought a new stake in Apollo Global Management during the 2nd quarter worth about $1,332,000. Shepherd Financial Partners LLC bought a new stake in Apollo Global Management during the 2nd quarter worth about $242,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of Apollo Global Management during the 2nd quarter worth about $205,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Buying and Selling

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 transaction, the chief financial officer directly owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. The trade was a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider John P. Zito sold 48,644 shares of the firm’s 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 directly owned 3,063,696 shares of the company’s stock, valued at $400,302,519.36. This represents a 1.56% decrease in their position. The SEC filing for this sale provides additional information. 8.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on APO shares. Keefe, Bruyette & Woods upgraded Apollo Global Management to a “hold” rating in a report on Monday, July 20th. Wall Street Zen raised Apollo Global Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Apollo Global Management in a research note on Thursday, May 7th. Royal Bank Of Canada increased their price objective on Apollo Global Management from $137.00 to $146.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Apollo Global Management in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $152.77.

Apollo Global Management Trading Down 2.5%

Shares of NYSE:APO opened at $130.29 on Friday. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $153.29. The company has a market capitalization of $76.94 billion, a P/E ratio of 47.73, a price-to-earnings-growth ratio of 1.20 and a beta of 1.51. The company has a 50-day simple moving average of $126.67 and a 200 day simple moving average of $122.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 14.01% and a net margin of 5.22%.During the same quarter in the previous year, the business posted $1.92 EPS. Sell-side 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 announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, August 19th. Apollo Global Management’s payout ratio is currently 82.42%.

About Apollo Global Management

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.