Great Valley Advisor Group Inc. Buys 209 Shares of Apollo Global Management, Inc. (NYSE:APO)

Great Valley Advisor Group Inc. raised its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 8.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,716 shares of the financial services provider’s stock after purchasing an additional 209 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Apollo Global Management were worth $321,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Los Angeles Capital Management LLC raised its holdings in shares of Apollo Global Management by 112.3% in the first quarter. Los Angeles Capital Management LLC now owns 1,045,422 shares of the financial services provider’s stock valued at $117,558,000 after acquiring an additional 552,893 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Apollo Global Management by 287.5% in the fourth quarter. Principal Financial Group Inc. now owns 307,786 shares of the financial services provider’s stock valued at $28,683,000 after acquiring an additional 228,367 shares during the period. Wells Fargo & Company MN raised its stake in shares of Apollo Global Management by 5.6% during the 4th quarter. Wells Fargo & Company MN now owns 950,731 shares of the financial services provider’s stock worth $88,599,000 after buying an additional 50,008 shares during the period. CenterBook Partners LP raised its stake in shares of Apollo Global Management by 59.9% during the 4th quarter. CenterBook Partners LP now owns 20,739 shares of the financial services provider’s stock worth $1,933,000 after buying an additional 7,769 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Apollo Global Management by 49.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 52,576 shares of the financial services provider’s stock worth $4,900,000 after buying an additional 17,361 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Apollo Global Management

In related news, Director Pauline Richards bought 2,351 shares of the stock in a transaction dated Tuesday, August 6th. The stock was bought at an average cost of $104.92 per share, with a total value of $246,666.92. Following the completion of the acquisition, the director now owns 85,854 shares of the company’s stock, valued at $9,007,801.68. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 8.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on APO. Bank of America upgraded Apollo Global Management from a “neutral” rating to a “buy” rating and dropped their target price for the company from $124.00 to $123.00 in a report on Tuesday, August 6th. Keefe, Bruyette & Woods upped their target price on Apollo Global Management from $134.00 to $141.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Jefferies Financial Group dropped their target price on Apollo Global Management from $119.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, May 9th. JPMorgan Chase & Co. upped their target price on Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. Finally, StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.00.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $105.95 on Thursday. Apollo Global Management, Inc. has a 1-year low of $77.11 and a 1-year high of $126.45. The business has a 50-day moving average of $116.40 and a 200-day moving average of $112.89. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.60 and a quick ratio of 1.60. The company has a market capitalization of $60.20 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 0.95 and a beta of 1.59.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.03). Apollo Global Management had a return on equity of 17.97% and a net margin of 21.90%. The business had revenue of $6.02 billion during the quarter, compared to analyst estimates of $873.18 million. During the same quarter last year, the firm posted $1.54 EPS. On average, equities analysts anticipate that Apollo Global Management, Inc. will post 7.09 EPS for the current fiscal year.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 1.75%. The ex-dividend date of this dividend is Friday, August 16th. Apollo Global Management’s payout ratio is currently 20.49%.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.