Joel Isaacson & Co. LLC Has $9.53 Million Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Joel Isaacson & Co. LLC increased its position in Apollo Global Management, Inc. (NYSE:APO) by 0.2% in the third quarter, Holdings Channel.com reports. The firm owned 76,320 shares of the financial services provider’s stock after acquiring an additional 169 shares during the period. Apollo Global Management comprises approximately 0.5% of Joel Isaacson & Co. LLC’s portfolio, making the stock its 29th largest holding. Joel Isaacson & Co. LLC’s holdings in Apollo Global Management were worth $9,533,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APO. Curated Wealth Partners LLC increased its position in Apollo Global Management by 200.3% in the second quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock worth $278,945,000 after purchasing an additional 4,717,661 shares during the period. Capital Research Global Investors boosted its holdings in Apollo Global Management by 40.3% during the first quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock worth $532,852,000 after buying an additional 1,360,525 shares during the last quarter. Jennison Associates LLC boosted its holdings in Apollo Global Management by 199.8% during the first quarter. Jennison Associates LLC now owns 925,222 shares of the financial services provider’s stock worth $104,041,000 after buying an additional 616,575 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in Apollo Global Management during the second quarter worth about $62,972,000. Finally, 1832 Asset Management L.P. boosted its holdings in Apollo Global Management by 66.0% during the first quarter. 1832 Asset Management L.P. now owns 1,257,460 shares of the financial services provider’s stock worth $141,401,000 after buying an additional 499,930 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

APO has been the topic of a number of recent analyst reports. Wolfe Research initiated coverage on Apollo Global Management in a report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 target price on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on Apollo Global Management from $129.00 to $124.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Wells Fargo & Company lifted their price objective on Apollo Global Management from $148.00 to $149.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. BMO Capital Markets lifted their price objective on Apollo Global Management from $123.00 to $138.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Finally, Bank of America upgraded Apollo Global Management from a “neutral” rating to a “buy” rating and cut their price objective for the company from $124.00 to $123.00 in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.56.

Insider Buying and Selling

In other news, Director Pauline Richards purchased 2,351 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average cost of $104.92 per share, for a total transaction of $246,666.92. Following the purchase, the director now directly owns 85,854 shares of the company’s stock, valued at $9,007,801.68. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.50% of the stock is owned by insiders.

Apollo Global Management Stock Down 2.2 %

NYSE:APO opened at $143.09 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $81.30 billion, a price-to-earnings ratio of 15.85, a price-to-earnings-growth ratio of 1.39 and a beta of 1.62. Apollo Global Management, Inc. has a twelve month low of $77.11 and a twelve month high of $146.82. The stock’s 50 day moving average price is $124.54 and its two-hundred day moving average price is $117.94.

Apollo Global Management (NYSE:APO) last posted its earnings results 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 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 firm posted $1.54 earnings per share. Equities research analysts expect that Apollo Global Management, Inc. will post 6.66 earnings per share for the current fiscal year.

Apollo Global Management Cuts Dividend

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

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.