Simplicity Wealth LLC Raises Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Simplicity Wealth LLC boosted its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,973 shares of the financial services provider’s stock after acquiring an additional 414 shares during the period. Simplicity Wealth LLC’s holdings in Apollo Global Management were worth $2,240,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of APO. CWA Asset Management Group LLC increased its holdings in shares of Apollo Global Management by 2.8% in the fourth 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 during the period. Zhang Financial LLC boosted its position 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 buying an additional 97 shares during the last quarter. Orion Capital Management LLC increased its holdings in Apollo Global Management by 20.0% in the 1st quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock worth $67,000 after buying an additional 100 shares during the period. Lindbrook Capital LLC raised its position 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 worth $147,000 after buying an additional 102 shares during the last quarter. Finally, Valley National Advisers Inc. lifted its stake 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 valued at $1,295,000 after acquiring an additional 104 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Barclays cut 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. Deutsche Bank Aktiengesellschaft cut their price target on 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. Keefe, Bruyette & Woods boosted their price objective on Apollo Global Management from $134.00 to $141.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Evercore ISI upped their target price on Apollo Global Management from $128.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Finally, StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.00.

Apollo Global Management Trading Up 0.1 %

Shares of NYSE:APO opened at $103.19 on Friday. The business’s 50 day moving average price is $117.29 and its 200-day moving average price is $112.61. Apollo Global Management, Inc. has a 1 year low of $77.11 and a 1 year high of $126.45. The firm has a market capitalization of $58.63 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 0.95 and a beta of 1.59. 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 posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (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 17.97%. The company had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $873.18 million. During the same period in the previous year, the business earned $1.54 earnings per share. On average, equities 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend is Friday, August 16th. Apollo Global Management’s payout ratio is 20.49%.

Insider Buying and Selling

In other news, Director Pauline Richards bought 2,351 shares of Apollo Global Management stock in a transaction on Tuesday, August 6th. The stock was acquired at an average price of $104.92 per share, with a total value of $246,666.92. Following the completion of the acquisition, the director now directly owns 85,854 shares of the company’s stock, valued at $9,007,801.68. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.50% of the stock is currently owned by insiders.

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.