Capricorn Fund Managers Ltd Increases Position in Apollo Global Management, Inc. (NYSE:APO)

Capricorn Fund Managers Ltd boosted its stake in Apollo Global Management, Inc. (NYSE:APO) by 29.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,105 shares of the financial services provider’s stock after purchasing an additional 2,065 shares during the quarter. Capricorn Fund Managers Ltd’s holdings in Apollo Global Management were worth $1,137,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chicago Partners Investment Group LLC acquired a new stake in shares of Apollo Global Management during the 4th quarter worth $230,000. Centaurus Financial Inc. increased its stake in Apollo Global Management by 21.6% during the fourth quarter. Centaurus Financial Inc. now owns 3,102 shares of the financial services provider’s stock worth $289,000 after acquiring an additional 551 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in Apollo Global Management by 11.8% in the fourth quarter. EP Wealth Advisors LLC now owns 2,837 shares of the financial services provider’s stock valued at $264,000 after purchasing an additional 300 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in Apollo Global Management during the 4th quarter valued at approximately $266,000. Finally, SageView Advisory Group LLC increased its holdings in Apollo Global Management by 9.7% during the 4th quarter. SageView Advisory Group LLC now owns 2,751 shares of the financial services provider’s stock worth $279,000 after purchasing an additional 244 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on APO. Evercore ISI raised their price target on shares of Apollo Global Management from $127.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. Redburn Partners started coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price for the company. Barclays increased their price target on shares of Apollo Global Management from $128.00 to $148.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Finally, Wells Fargo & Company lifted their target price on Apollo Global Management from $148.00 to $149.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $138.06.

Apollo Global Management Trading Up 1.7 %

NYSE:APO opened at $140.21 on Monday. Apollo Global Management, Inc. has a 1 year low of $77.11 and a 1 year high of $140.35. The business has a fifty day moving average of $116.77 and a 200-day moving average of $115.83. 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 stock has a market cap of $79.66 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.39 and a beta of 1.62.

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

Apollo Global Management Cuts Dividend

The company 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. The ex-dividend date was Friday, August 16th. This represents a $1.85 annualized dividend and a yield of 1.32%. Apollo Global Management’s payout ratio is 20.49%.

Insiders Place Their Bets

In other news, Director Pauline Richards acquired 2,351 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were bought at an average price of $104.92 per share, with a total value of $246,666.92. Following the purchase, the director now owns 85,854 shares of the company’s stock, valued at approximately $9,007,801.68. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.50% of the stock is currently owned by insiders.

Apollo Global Management 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.