Moss Adams Wealth Advisors LLC Has $295,000 Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Moss Adams Wealth Advisors LLC increased its holdings in Apollo Global Management, Inc. (NYSE:APO) by 17.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,358 shares of the financial services provider’s stock after acquiring an additional 357 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Apollo Global Management were worth $295,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Cullen Frost Bankers Inc. purchased a new stake in shares of Apollo Global Management in the second quarter worth approximately $35,000. Compagnie Lombard Odier SCmA bought a new stake in Apollo Global Management during the third quarter worth $35,000. J.Safra Asset Management Corp raised its position in 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 valued at $39,000 after buying an additional 305 shares during the last quarter. Riverview Trust Co bought a new position in Apollo Global Management during the 1st quarter valued at $45,000. Finally, Massmutual Trust Co. FSB ADV boosted its holdings in Apollo Global Management by 293.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 346 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Down 0.1 %

Apollo Global Management stock opened at $145.01 on Friday. The firm has a market capitalization of $82.39 billion, a price-to-earnings ratio of 16.06, a P/E/G ratio of 1.39 and a beta of 1.62. The firm has a 50 day simple moving average of $120.81 and a 200 day simple moving average of $116.89. Apollo Global Management, Inc. has a 1-year low of $77.11 and a 1-year high of $146.82. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36.

Apollo Global Management (NYSE:APO) last issued 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). Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. The company had revenue of $6.02 billion for the quarter, compared to analysts’ expectations of $873.18 million. During the same period last year, the company posted $1.54 EPS. On average, analysts predict that Apollo Global Management, Inc. will post 6.66 earnings per share for the current year.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a $0.4625 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.28%. Apollo Global Management’s dividend payout ratio (DPR) is currently 20.49%.

Insider Activity at Apollo Global Management

In other news, Director Pauline Richards bought 2,351 shares of the stock in a transaction on Tuesday, August 6th. The shares were acquired 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 $9,007,801.68. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

APO has been the subject of several analyst reports. Bank of America upgraded shares of Apollo Global Management from a “neutral” rating to a “buy” rating and lowered their target price for the company from $124.00 to $123.00 in a report on Tuesday, August 6th. JPMorgan Chase & Co. upped their target price on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. BMO Capital Markets lifted their price target on Apollo Global Management from $123.00 to $138.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. UBS Group upped their price objective on Apollo Global Management from $116.00 to $123.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Finally, Keefe, Bruyette & Woods lifted 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and an average price target of $138.06.

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.