Moody National Bank Trust Division Takes Position in Apollo Global Management, Inc. (NYSE:APO)

Moody National Bank Trust Division bought a new stake in Apollo Global Management, Inc. (NYSE:APOGet Rating) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,400 shares of the financial services provider’s stock, valued at approximately $553,000.

A number of other institutional investors also recently modified their holdings of APO. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in Apollo Global Management in the first quarter valued at about $3,065,000. Offit Capital Advisors LLC acquired a new position in Apollo Global Management in the first quarter valued at about $408,000. J.W. Cole Advisors Inc. raised its stake in Apollo Global Management by 6.1% in the first quarter. J.W. Cole Advisors Inc. now owns 5,200 shares of the financial services provider’s stock valued at $322,000 after purchasing an additional 301 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Apollo Global Management by 4.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,474 shares of the financial services provider’s stock valued at $2,137,000 after purchasing an additional 1,358 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in Apollo Global Management in the first quarter valued at about $1,211,000. Institutional investors own 69.40% of the company’s stock.

Wall Street Analyst Weigh In

APO has been the subject of a number of analyst reports. Barclays initiated coverage on Apollo Global Management in a research note on Wednesday, August 31st. They issued an “overweight” rating and a $70.00 price target for the company. Wells Fargo & Company lowered their target price on Apollo Global Management from $73.00 to $66.00 and set an “overweight” rating for the company in a research note on Wednesday, July 13th. Oppenheimer boosted their target price on Apollo Global Management from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Monday, August 8th. Deutsche Bank Aktiengesellschaft lowered their target price on Apollo Global Management from $91.00 to $87.00 in a research note on Friday, August 12th. Finally, Morgan Stanley boosted their target price on Apollo Global Management from $60.00 to $61.00 and gave the stock an “equal weight” rating in a research note on Monday, August 15th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.72.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $60.86, for a total value of $1,217,200.00. Following the sale, the chief financial officer now directly owns 484,275 shares in the company, valued at $29,472,976.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Walter Joseph Clayton III bought 5,000 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, August 30th. The shares were acquired at an average cost of $56.07 per share, for a total transaction of $280,350.00. Following the completion of the acquisition, the director now directly owns 29,737 shares of the company’s stock, valued at approximately $1,667,353.59. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin Kelly sold 20,000 shares of the stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $60.86, for a total value of $1,217,200.00. Following the transaction, the chief financial officer now owns 484,275 shares in the company, valued at $29,472,976.50. The disclosure for this sale can be found here. 15.40% of the stock is currently owned by company insiders.

Apollo Global Management Stock Performance

NYSE:APO opened at $54.81 on Monday. The stock has a market cap of $31.30 billion, a P/E ratio of -17.62, a price-to-earnings-growth ratio of 0.67 and a beta of 1.64. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.04. The stock’s 50-day moving average is $56.22 and its 200-day moving average is $56.08. Apollo Global Management, Inc. has a 1-year low of $45.97 and a 1-year high of $81.07.

Apollo Global Management (NYSE:APOGet Rating) last released its quarterly earnings results on Thursday, August 4th. The financial services provider reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.04. Apollo Global Management had a positive return on equity of 42.48% and a negative net margin of 44.62%. During the same quarter in the previous year, the company earned $1.14 EPS. Equities research analysts anticipate that Apollo Global Management, Inc. will post 5.17 earnings per share for the current year.

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Thursday, August 18th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend was Wednesday, August 17th. Apollo Global Management’s payout ratio is presently -51.45%.

Apollo Global Management Company Profile

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding APO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Global Management, Inc. (NYSE:APOGet Rating).

Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

Receive News & Ratings for Apollo Global Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Global Management and related companies with MarketBeat.com's FREE daily email newsletter.