J.W. Cole Advisors Inc. Purchases 4,911 Shares of Apollo Global Management, Inc. (NYSE:APO)

J.W. Cole Advisors Inc. increased its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 100.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 9,785 shares of the financial services provider’s stock after acquiring an additional 4,911 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Apollo Global Management were worth $1,155,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of APO. Norges Bank bought a new stake in Apollo Global Management during the fourth quarter worth about $586,016,000. Curated Wealth Partners LLC lifted its position in Apollo Global Management by 200.3% during the second quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock worth $278,945,000 after purchasing an additional 4,717,661 shares during the period. TD Asset Management Inc lifted its position in Apollo Global Management by 4,248.9% during the fourth quarter. TD Asset Management Inc now owns 2,459,235 shares of the financial services provider’s stock worth $229,176,000 after purchasing an additional 2,402,686 shares during the period. Capital Research Global Investors lifted its position in Apollo Global Management by 40.3% during the first quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock worth $532,852,000 after purchasing an additional 1,360,525 shares during the period. Finally, Third Point LLC acquired a new position in Apollo Global Management during the fourth quarter worth about $83,871,000. Institutional investors own 77.06% of the company’s stock.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, Director Pauline Richards bought 2,351 shares of the stock in a transaction dated Tuesday, August 6th. The shares were bought at an average cost of $104.92 per share, for a total transaction of $246,666.92. Following the purchase, the director now directly owns 85,854 shares of the company’s stock, valued at approximately $9,007,801.68. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Price Performance

Shares of APO opened at $114.39 on Monday. The stock has a market cap of $65.15 billion, a P/E ratio of 12.67, a P/E/G ratio of 1.13 and a beta of 1.61. The business’s fifty day moving average is $113.54 and its 200 day moving average is $113.40. Apollo Global Management, Inc. has a 12-month low of $77.11 and a 12-month high of $126.45. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). The firm had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $873.18 million. Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. During the same period in the prior year, the firm earned $1.54 earnings per share. Sell-side analysts anticipate that Apollo Global Management, Inc. will post 6.62 earnings per share for the current fiscal year.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Friday, August 16th. Apollo Global Management’s dividend payout ratio is presently 20.49%.

Analyst Ratings Changes

Several research analysts have commented on APO shares. UBS Group boosted their target price on Apollo Global Management from $116.00 to $123.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Keefe, Bruyette & Woods boosted their target price on Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. Wells Fargo & Company started coverage on Apollo Global Management in a research note on Thursday. They set an “overweight” rating and a $132.00 target price for the company. Argus lowered their target price on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. Finally, Redburn Partners started coverage on Apollo Global Management in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Apollo Global Management has an average rating of “Moderate Buy” and a consensus target price of $129.06.

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.