11,043 Shares in Apollo Global Management Inc. $APO Acquired by Sandro Wealth Management LLC

Sandro Wealth Management LLC acquired a new position in Apollo Global Management Inc. (NYSE:APOFree Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,043 shares of the financial services provider’s stock, valued at approximately $1,599,000. Apollo Global Management comprises 1.3% of Sandro Wealth Management LLC’s portfolio, making the stock its 28th largest position.

Other hedge funds also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp raised its holdings in Apollo Global Management by 99.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 99 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in Apollo Global Management in the 4th quarter worth approximately $29,000. SJS Investment Consulting Inc. raised its stake in Apollo Global Management by 1,123.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock valued at $28,000 after buying an additional 191 shares during the last quarter. Physician Wealth Advisors Inc. raised its stake in Apollo Global Management by 57.8% during the 4th quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock valued at $38,000 after buying an additional 96 shares during the last quarter. Finally, City Holding Co. raised its stake in Apollo Global Management by 391.9% during the 4th quarter. City Holding Co. now owns 305 shares of the financial services provider’s stock valued at $44,000 after buying an additional 243 shares during the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Apollo Global Management

Here are the key news stories impacting Apollo Global Management this week:

Apollo Global Management Trading Up 1.4%

Shares of APO stock opened at $130.55 on Friday. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $157.28. The firm has a fifty day moving average price of $112.94 and a 200-day moving average price of $127.26. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market cap of $75.49 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 1.15 and a beta of 1.52.

Apollo Global Management (NYSE:APOGet Free Report) last issued its quarterly earnings data on Monday, February 9th. The financial services provider reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.43. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. The firm had revenue of $9.86 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the firm posted $2.39 EPS. The company’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, equities analysts predict that Apollo Global Management Inc. will post 8.44 earnings per share for the current year.

Apollo Global Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 19th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. Apollo Global Management’s payout ratio is presently 36.96%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. TD Cowen reiterated a “buy” rating on shares of Apollo Global Management in a research note on Thursday, February 12th. Piper Sandler decreased their target price on shares of Apollo Global Management from $165.00 to $146.00 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, February 10th. Wolfe Research reiterated an “outperform” rating on shares of Apollo Global Management in a research note on Wednesday, January 7th. Finally, BMO Capital Markets decreased their target price on shares of Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating for the company in a research note on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $149.42.

View Our Latest Stock Analysis on APO

Apollo Global Management Company Profile

(Free Report)

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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