Curated Wealth Partners LLC Purchases 112 Shares of Apollo Global Management Inc. $APO

Curated Wealth Partners LLC lifted its position in shares of Apollo Global Management Inc. (NYSE:APO) by 0.0% during the second quarter, HoldingsChannel reports. The fund owned 2,229,478 shares of the financial services provider’s stock after acquiring an additional 112 shares during the quarter. Apollo Global Management comprises 37.1% of Curated Wealth Partners LLC’s holdings, making the stock its biggest position. Curated Wealth Partners LLC’s holdings in Apollo Global Management were worth $316,296,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Y.D. More Investments Ltd boosted its holdings in Apollo Global Management by 14.4% during the first quarter. Y.D. More Investments Ltd now owns 619 shares of the financial services provider’s stock worth $85,000 after buying an additional 78 shares in the last quarter. Walled Lake Planning & Wealth Management LLC boosted its holdings in Apollo Global Management by 3.3% during the first quarter. Walled Lake Planning & Wealth Management LLC now owns 2,516 shares of the financial services provider’s stock worth $345,000 after buying an additional 80 shares in the last quarter. GW&K Investment Management LLC boosted its holdings in Apollo Global Management by 84.5% during the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock worth $26,000 after buying an additional 87 shares in the last quarter. World Investment Advisors boosted its holdings in Apollo Global Management by 1.3% during the first quarter. World Investment Advisors now owns 7,089 shares of the financial services provider’s stock worth $971,000 after buying an additional 93 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in Apollo Global Management by 0.9% during the first quarter. Arkadios Wealth Advisors now owns 10,896 shares of the financial services provider’s stock worth $1,492,000 after buying an additional 99 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Stock Performance

Shares of APO opened at $127.61 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market capitalization of $72.99 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 1.40 and a beta of 1.68. The company’s 50 day simple moving average is $135.46 and its 200 day simple moving average is $136.02. Apollo Global Management Inc. has a 1 year low of $102.58 and a 1 year high of $189.49.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.08. The business had revenue of $6,550,000 billion for the quarter, compared to the consensus estimate of $1.01 billion. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. During the same quarter in the prior year, the firm posted $1.64 earnings per share. On average, sell-side analysts predict that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.04 dividend on an annualized basis and a yield of 1.6%. Apollo Global Management’s dividend payout ratio (DPR) is currently 38.13%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Wall Street Zen downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. Barclays decreased their price objective on shares of Apollo Global Management from $168.00 to $147.00 and set an “overweight” rating on the stock in a report on Wednesday, October 8th. Wells Fargo & Company boosted their price objective on shares of Apollo Global Management from $160.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. BMO Capital Markets initiated coverage on shares of Apollo Global Management in a report on Friday, October 3rd. They issued a “market perform” rating and a $132.00 price target on the stock. Finally, Evercore ISI upped their price target on shares of Apollo Global Management from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $161.14.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 15,500 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the transaction, the chief financial officer owned 332,399 shares of the company’s stock, valued at $48,234,418.89. This trade represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Leon D. Black sold 915,000 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the transaction, the insider directly owned 4,526,000 shares in the company, valued at approximately $606,619,780. This represents a 16.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 935,000 shares of company stock valued at $125,543,790 over the last quarter. 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, 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.