Apollo Global Management, Inc. (NYSE:APO) Shares Acquired by CNA Financial Corp

CNA Financial Corp boosted its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 170,000 shares of the financial services provider’s stock after buying an additional 5,000 shares during the quarter. Apollo Global Management makes up approximately 11.2% of CNA Financial Corp’s holdings, making the stock its 3rd largest holding. CNA Financial Corp’s holdings in Apollo Global Management were worth $20,072,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Los Angeles Capital Management LLC boosted its holdings in 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 during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Apollo Global Management by 287.5% in the 4th quarter. Principal Financial Group Inc. now owns 307,786 shares of the financial services provider’s stock valued at $28,683,000 after purchasing an additional 228,367 shares during the last quarter. Wells Fargo & Company MN grew its position 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 fourth 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 last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Apollo Global Management by 49.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 52,576 shares of the financial services provider’s stock valued at $4,900,000 after buying an additional 17,361 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Stock Up 2.2 %

Apollo Global Management stock traded up $2.47 during midday trading on Friday, reaching $115.73. The stock had a trading volume of 2,645,020 shares, compared to its average volume of 2,499,479. The stock has a market capitalization of $65.75 billion, a P/E ratio of 12.82, a price-to-earnings-growth ratio of 0.95 and a beta of 1.59. The firm’s fifty day simple moving average is $115.24 and its 200-day simple moving average is $113.45. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 1.60. Apollo Global Management, Inc. has a 1-year low of $77.11 and a 1-year high of $126.45.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). The business had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $873.18 million. Apollo Global Management had a return on equity of 17.97% and a net margin of 21.90%. During the same period in the prior year, the firm earned $1.54 EPS. As a group, analysts expect 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. Stockholders of record on Friday, August 16th will be given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend is Friday, August 16th. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.49%.

Wall Street Analysts Forecast Growth

APO has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Argus cut their target price on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Tuesday, August 20th. TD Cowen increased their price target on shares of Apollo Global Management from $146.00 to $147.00 and gave the company a “buy” rating in a research report on Monday, July 8th. Evercore ISI boosted their price objective on shares of Apollo Global Management from $128.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Finally, Jefferies Financial Group reduced their price target on shares of Apollo Global Management from $119.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $128.19.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, Director Pauline Richards purchased 2,351 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average price of $104.92 per share, for a total transaction of $246,666.92. Following the purchase, the director now owns 85,854 shares in the company, valued at $9,007,801.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.50% of the stock is currently owned by company insiders.

Apollo Global Management 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.