GAMMA Investing LLC Has $283,000 Stock Position in Apollo Global Management, Inc. (NYSE:APO)

GAMMA Investing LLC grew its position in Apollo Global Management, Inc. (NYSE:APO) by 352.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,395 shares of the financial services provider’s stock after buying an additional 1,866 shares during the period. GAMMA Investing LLC’s holdings in Apollo Global Management were worth $283,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWA Asset Management Group LLC increased its position in shares of Apollo Global Management by 2.8% in the fourth quarter. CWA Asset Management Group LLC now owns 3,399 shares of the financial services provider’s stock valued at $317,000 after acquiring an additional 94 shares during the last quarter. Zhang Financial LLC boosted its holdings in shares of Apollo Global Management by 0.6% during the first quarter. Zhang Financial LLC now owns 17,724 shares of the financial services provider’s stock worth $1,993,000 after acquiring an additional 97 shares during the period. Orion Capital Management LLC boosted its stake in shares of Apollo Global Management by 20.0% in the first quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock valued at $67,000 after buying an additional 100 shares during the period. Lindbrook Capital LLC boosted its stake in shares of Apollo Global Management by 8.5% in the first quarter. Lindbrook Capital LLC now owns 1,308 shares of the financial services provider’s stock valued at $147,000 after buying an additional 102 shares during the period. Finally, Valley National Advisers Inc. boosted its stake in shares of Apollo Global Management by 0.9% in the first quarter. Valley National Advisers Inc. now owns 11,519 shares of the financial services provider’s stock valued at $1,295,000 after buying an additional 104 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $111.29, for a total value of $3,338,700.00. Following the completion of the sale, the chief financial officer now directly owns 359,445 shares in the company, valued at approximately $40,002,634.05. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 8.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays cut their price target on Apollo Global Management from $131.00 to $128.00 and set an “overweight” rating for the company in a research note on Friday. JPMorgan Chase & Co. upped their target price on Apollo Global Management from $122.00 to $123.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Jefferies Financial Group cut their target price on Apollo Global Management from $119.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. Keefe, Bruyette & Woods upped their target price on Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. Finally, TD Cowen upped their target price on Apollo Global Management from $146.00 to $147.00 and gave the stock a “buy” rating in a research note on Monday, July 8th. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus target price of $122.77.

Apollo Global Management Trading Down 4.2 %

NYSE APO traded down $4.37 on Monday, reaching $99.16. The company had a trading volume of 6,558,584 shares, compared to its average volume of 2,484,462. The firm has a market cap of $56.34 billion, a price-to-earnings ratio of 11.12, a P/E/G ratio of 0.95 and a beta of 1.59. Apollo Global Management, Inc. has a fifty-two week low of $77.11 and a fifty-two week high of $126.45. The business has a 50 day moving average of $118.33 and a two-hundred day moving average of $112.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.60 and a quick ratio of 1.60.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). The company had revenue of $6.02 billion during the quarter, compared to analyst estimates of $873.18 million. Apollo Global Management had a net margin of 21.90% and a return on equity of 17.97%. During the same quarter in the previous year, the company earned $1.54 earnings per share. Analysts forecast that Apollo Global Management, Inc. will post 7.09 EPS for the current year.

Apollo Global Management Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be given a dividend of $0.4625 per share. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.85 dividend on an annualized basis and a yield of 1.87%. Apollo Global Management’s dividend payout ratio (DPR) is currently 20.49%.

Apollo Global Management Company Profile

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.