Atlas Private Wealth Advisors Takes Position in Apollo Global Management, Inc. (NYSE:APO)

Atlas Private Wealth Advisors bought a new position in shares of Apollo Global Management, Inc. (NYSE:APO) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 2,600 shares of the financial services provider’s stock, valued at approximately $307,000.

A number of other institutional investors have also recently added to or reduced their stakes in APO. DSM Capital Partners LLC bought a new stake in shares of Apollo Global Management in the 4th quarter valued at $31,000. True Wealth Design LLC acquired a new position in Apollo Global Management in the fourth quarter valued at $33,000. Vestmark Advisory Solutions Inc. bought a new stake in Apollo Global Management during the fourth quarter valued at $36,000. Carolinas Wealth Consulting LLC acquired a new stake in Apollo Global Management during the 4th quarter worth about $38,000. Finally, J.Safra Asset Management Corp raised its position in shares of Apollo Global Management by 709.3% in the 1st quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 305 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. Evercore ISI lifted their price target on shares of Apollo Global Management from $128.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Barclays dropped their price objective on shares of Apollo Global Management from $131.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Apollo Global Management from $130.00 to $129.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average price target of $125.00.

Apollo Global Management Price Performance

NYSE:APO traded up $1.51 during trading hours on Friday, hitting $104.70. The stock had a trading volume of 2,779,728 shares, compared to its average volume of 2,541,628. The firm has a market capitalization of $59.49 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 0.95 and a beta of 1.59. Apollo Global Management, Inc. has a one year low of $77.11 and a one year high of $126.45. The company has a 50 day simple moving average of $117.06 and a two-hundred day simple moving average of $112.79. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.60 and a quick ratio of 1.60.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results 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 company had revenue of $6.02 billion during the quarter, compared to analysts’ expectations 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. Research analysts forecast that Apollo Global Management, Inc. will post 7.09 earnings per share for the current fiscal year.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be paid a dividend of $0.4625 per share. The ex-dividend date is Friday, August 16th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.77%. Apollo Global Management’s dividend payout ratio (DPR) is currently 20.49%.

Insider Transactions at Apollo Global Management

In other news, Director Pauline Richards bought 2,351 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average price of $104.92 per share, for a total transaction of $246,666.92. Following the completion of the acquisition, the director now owns 85,854 shares of the company’s stock, valued at $9,007,801.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 8.50% of the company’s stock.

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.