Apollo Global Management, Inc. (NYSE:APO) Shares Acquired by Captrust Financial Advisors

Captrust Financial Advisors lifted its position in Apollo Global Management, Inc. (NYSE:APO) by 151.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,559 shares of the financial services provider’s stock after acquiring an additional 4,550 shares during the period. Captrust Financial Advisors’ holdings in Apollo Global Management were worth $1,249,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in APO. Cary Street Partners Financial LLC acquired a new position in shares of Apollo Global Management during the 4th quarter valued at about $977,000. Brown Advisory Inc. increased its position in Apollo Global Management by 0.5% during the fourth quarter. Brown Advisory Inc. now owns 391,594 shares of the financial services provider’s stock worth $64,676,000 after purchasing an additional 1,982 shares during the last quarter. Baird Financial Group Inc. increased its position in Apollo Global Management by 29.4% during the fourth quarter. Baird Financial Group Inc. now owns 5,452 shares of the financial services provider’s stock worth $900,000 after purchasing an additional 1,238 shares during the last quarter. Banque Transatlantique SA acquired a new position in Apollo Global Management in the 4th quarter valued at about $76,000. Finally, Benjamin Edwards Inc. boosted its holdings in Apollo Global Management by 2.5% in the 4th quarter. Benjamin Edwards Inc. now owns 20,702 shares of the financial services provider’s stock valued at $3,419,000 after purchasing an additional 506 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Price Performance

APO stock opened at $144.19 on Thursday. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The firm has a market capitalization of $82.26 billion, a P/E ratio of 19.73, a P/E/G ratio of 1.17 and a beta of 1.67. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The business’s 50-day moving average is $132.32 and its two-hundred day moving average is $152.48.

Apollo Global Management (NYSE:APO) last issued its earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.02). Apollo Global Management had a net margin of 17.53% and a return on equity of 13.97%. The firm had revenue of $5.55 billion during the quarter, compared to analyst estimates of $977.14 million. During the same period last year, the business earned $1.72 EPS. The firm’s revenue was down 21.2% compared to the same quarter last year. Analysts anticipate that Apollo Global Management, Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Friday, May 16th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a yield of 1.41%. Apollo Global Management’s dividend payout ratio (DPR) is currently 35.73%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $132.57, for a total transaction of $530,280.00. Following the sale, the chief financial officer now owns 373,164 shares of the company’s stock, valued at approximately $49,470,351.48. This trade represents a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lb 2018 Gst Trust acquired 607,725 shares of the business’s stock in a transaction on Friday, April 4th. The shares were bought at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the acquisition, the insider now owns 621,754 shares of the company’s stock, valued at $69,257,178.06. This represents a 4,331.92% increase in their position. The disclosure for this purchase can be found here. 8.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Citigroup decreased their price objective on Apollo Global Management from $191.00 to $138.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Piper Sandler decreased their price target on Apollo Global Management from $193.00 to $174.00 and set an “overweight” rating on the stock in a research note on Monday, May 5th. Bank of America upped their price target on Apollo Global Management from $186.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, April 4th. Barclays raised their price objective on Apollo Global Management from $145.00 to $156.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Finally, TD Cowen decreased their target price on shares of Apollo Global Management from $214.00 to $144.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.89.

Apollo Global Management Company 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.