Signaturefd LLC acquires 2,825 shares of Apollo Global Management, Inc. (NYSE: APO)



Signaturefd LLC increased its stake in Apollo Global Management, Inc. (NYSE: APOGet a rating) by 172.0% in the first quarter, according to the company in its latest 13F filing with the Securities and Exchange Commission. The institutional investor held 4,467 shares of the financial services provider after purchasing an additional 2,825 shares during the period. Signaturefd LLC’s holdings in Apollo Global Management were worth $277,000 when it last filed with the SEC.

A number of other institutional investors and hedge funds also changed their stakes in the company. Whittier Trust Co. increased its equity stake in Apollo Global Management to 74,833.3% in Q1. Whittier Trust Co. now owns 11,240 shares of the financial services provider worth $697,000 after buying an additional 11,225 shares last quarter. Moser Wealth Advisors LLC bought a new position in Apollo Global Management in the first quarter worth approximately $62,000. Illinois Municipal Retirement Fund increased its equity stake in Apollo Global Management by 182.9% during the first quarter. The Illinois Municipal Retirement Fund now owns 16,742 shares of the financial services provider valued at $1,038,000 after purchasing an additional 10,824 shares during the period. SG Americas Securities LLC purchased a new equity stake in Apollo Global Management during Q1, valued at approximately $3,010,000. Finally, McDonald Partners LLC purchased a new stock position in Apollo Global Management in Q1 for approximately $364,000. Institutional investors hold 61.48% of the company’s shares.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 15,000 shares in a trade that took place on Wednesday, May 25. The shares were sold at an average price of $54.60, for a total transaction of $819,000.00. Following the completion of the sale, the CFO now directly owns 526,385 shares of the company, valued at approximately $28,740,621. The sale was disclosed in a legal filing with the SEC, available at this link. Insiders hold 3.90% of the shares of the company.

Apollo Global Management Award Performance

APO NYSE opened at $53.94 on Friday. Apollo Global Management, Inc. has a 12-month low of $45.97 and a 12-month high of $81.07. The stock has a market capitalization of $30.99 billion, a price/earnings ratio of 17.29, a PEG ratio of 0.63 and a beta of 1.64. The company’s 50-day moving average is $53.04 and its two-hundred-day moving average is $58.88. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt ratio of 1.26.

Global management of Apollo (NYSE: APOGet a rating) last reported quarterly earnings data on Thursday, May 5. The financial services provider reported earnings per share (EPS) of $1.52 for the quarter, beating consensus analyst estimates of $1.01 by $0.51. Apollo Global Management had a net margin of 6.39% and a return on equity of 30.91%. The company posted revenue of $584.00 million in the quarter, versus analyst estimates of $576.77 million. During the same period last year, the company posted EPS of $0.66. As a group, research analysts expect Apollo Global Management, Inc. to post earnings per share of 5.43 for the current year.

Apollo Global Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 31. Shareholders of record on Wednesday, May 18 received a dividend of $0.40 per share. This represents a dividend of $1.60 on an annualized basis and a yield of 2.97%. The ex-dividend date was Tuesday, May 17. Apollo Global Management’s dividend payout ratio (DPR) is currently 51.28%.

Changes to analyst ratings

Several equity analysts have recently weighed in on the stock. TheStreet upgraded Apollo Global Management’s shares from a ‘b’ to a ‘c’ rating in a Thursday, May 5 research note. Deutsche Bank Aktiengesellschaft lowered its price target on Apollo Global Management shares from $90.00 to $88.00 and placed a “buy” rating on the stock in a Wednesday, July 13 research note. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a Wednesday, May 18 research note. Oppenheimer upgraded Apollo Global Management shares from a “market performer” rating to an “outperformer” rating and set a price target of $64.00 on the stock in a research note from the Wednesday, April 13. Finally, Morgan Stanley downgraded Apollo Global Management shares from an “overweight” rating to an “equally weighted” rating and lowered its target price for the stock from $81.00 to $60.00 in a note. research on Tuesday, July 19. Two equity research analysts have assigned the stock a sell rating, two have issued a hold rating and six have assigned the stock a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $79.06.

Apollo Global Management Company Profile

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

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Institutional ownership by quarter for Apollo Global Management (NYSE:APO)



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