Apollo Global Management, Inc. (NYSE:APO) Shares Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC boosted its position in Apollo Global Management, Inc. (NYSE:APO) by 12.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 3,190 shares of the financial services provider’s stock after acquiring an additional 353 shares during the quarter. EP Wealth Advisors LLC’s holdings in Apollo Global Management were worth $359,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APO. CWA Asset Management Group LLC grew its stake in Apollo Global Management by 2.8% during the 4th quarter. CWA Asset Management Group LLC now owns 3,399 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 94 shares in the last quarter. Zhang Financial LLC raised its holdings in Apollo Global Management by 0.6% in the first quarter. Zhang Financial LLC now owns 17,724 shares of the financial services provider’s stock valued at $1,993,000 after acquiring an additional 97 shares in the last quarter. Orion Capital Management LLC boosted its stake in Apollo Global Management by 20.0% during the 1st quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 100 shares during the last quarter. Lindbrook Capital LLC boosted its stake in Apollo Global Management by 8.5% during the 1st quarter. Lindbrook Capital LLC now owns 1,308 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 102 shares during the last quarter. Finally, Valley National Advisers Inc. grew its holdings in Apollo Global Management by 0.9% during the 1st quarter. Valley National Advisers Inc. now owns 11,519 shares of the financial services provider’s stock worth $1,295,000 after acquiring an additional 104 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Martin Kelly sold 30,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $111.29, for a total transaction of $3,338,700.00. Following the completion of the sale, the chief financial officer now directly owns 359,445 shares of the company’s stock, valued at $40,002,634.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 8.50% of the company’s stock.

Apollo Global Management Price Performance

Shares of NYSE APO traded up $0.50 during mid-day trading on Friday, reaching $122.16. 2,097,681 shares of the company traded hands, compared to its average volume of 2,488,286. Apollo Global Management, Inc. has a fifty-two week low of $77.11 and a fifty-two week high of $125.31. The firm has a market cap of $69.41 billion, a PE ratio of 13.53, a price-to-earnings-growth ratio of 1.00 and a beta of 1.59. The stock has a fifty day simple moving average of $117.94 and a 200-day simple moving average of $111.69. 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 issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.21). The business had revenue of $839.00 million during the quarter, compared to analyst estimates of $827.33 million. Apollo Global Management had a net margin of 16.27% and a return on equity of 19.12%. Equities research analysts anticipate that Apollo Global Management, Inc. will post 7.11 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were paid a dividend of $0.463 per share. The ex-dividend date of this dividend was Thursday, May 16th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.85 annualized dividend and a dividend yield of 1.52%. Apollo Global Management’s dividend payout ratio (DPR) is currently 20.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on APO shares. JMP Securities reiterated a “market perform” rating on shares of Apollo Global Management in a research note on Tuesday, April 9th. Barclays decreased their price objective on shares of Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. BMO Capital Markets increased their price objective on shares of Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. TD Cowen increased their target price on Apollo Global Management from $146.00 to $147.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $119.29.

About Apollo Global Management

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.