Sierra Capital LLC Grows Position in Apollo Global Management, Inc. (NYSE:APO)

Sierra Capital LLC boosted its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 113.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,655 shares of the financial services provider’s stock after purchasing an additional 18,412 shares during the quarter. Sierra Capital LLC’s holdings in Apollo Global Management were worth $4,329,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA bought a new position in shares of Apollo Global Management in the third quarter worth about $35,000. Cullen Frost Bankers Inc. bought a new position in shares of Apollo Global Management in the second quarter worth about $35,000. J.Safra Asset Management Corp grew its holdings in shares of Apollo Global Management by 709.3% in the first quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 305 shares during the last quarter. Riverview Trust Co purchased a new stake in Apollo Global Management in the first quarter worth about $45,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in Apollo Global Management by 293.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 346 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insider Activity

In other news, Director Pauline Richards acquired 2,351 shares of Apollo Global Management stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average cost of $104.92 per share, for a total transaction of $246,666.92. Following the acquisition, the director now owns 85,854 shares of the company’s stock, valued at $9,007,801.68. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Trading Down 0.7 %

Shares of NYSE APO traded down $0.99 during trading on Tuesday, hitting $143.77. 840,867 shares of the company were exchanged, compared to its average volume of 2,590,095. Apollo Global Management, Inc. has a 12-month low of $77.11 and a 12-month high of $146.82. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. The company has a fifty day moving average price of $121.65 and a 200-day moving average price of $117.16. The firm has a market capitalization of $81.68 billion, a PE ratio of 15.94, a P/E/G ratio of 1.39 and a beta of 1.62.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). The business had revenue of $6.02 billion for the quarter, compared to analyst estimates of $873.18 million. Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. During the same period in the previous year, the business posted $1.54 earnings per share. As a group, equities research analysts expect that Apollo Global Management, Inc. will post 6.66 EPS for the current year.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were issued a $0.4625 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.29%. Apollo Global Management’s payout ratio is 20.49%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Morgan Stanley increased their price target on shares of Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Apollo Global Management from $129.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. JPMorgan Chase & Co. increased their price target on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. TD Cowen increased their price target on shares of Apollo Global Management from $135.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $139.56.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public 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, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.