Apollo Global Management, Inc. (NYSE:APO) Stock Position Raised by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC raised its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 13.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,903 shares of the financial services provider’s stock after purchasing an additional 459 shares during the period. Snowden Capital Advisors LLC’s holdings in Apollo Global Management were worth $645,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APO. Hopwood Financial Services Inc. purchased a new stake in shares of Apollo Global Management during the 4th quarter worth about $33,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Apollo Global Management during the 4th quarter worth about $34,000. Byrne Asset Management LLC purchased a new stake in shares of Apollo Global Management during the 4th quarter worth about $37,000. HM Payson & Co. purchased a new stake in shares of Apollo Global Management during the 4th quarter worth about $45,000. Finally, UMB Bank n.a. raised its stake in shares of Apollo Global Management by 447.1% during the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 228 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Apollo Global Management

In other news, insider Leon D. Black sold 500,000 shares of the business’s stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the sale, the insider now owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. The trade was a 1.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Martin Kelly sold 4,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 373,164 shares in the company, valued at $49,470,351.48. This represents a 1.06% decrease in their position. The disclosure for this sale can be found here. 8.20% of the stock is owned by insiders.

Apollo Global Management Stock Performance

APO opened at $139.19 on Wednesday. The firm has a market capitalization of $79.41 billion, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 1.17 and a beta of 1.67. The stock’s 50 day moving average price is $133.29 and its two-hundred day moving average price is $152.49. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49.

Apollo Global Management (NYSE:APO) last released its earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business 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 business’s quarterly revenue was down 21.2% compared to the same quarter last year. On average, equities analysts forecast that Apollo Global Management, Inc. will post 8 earnings per share for the current year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Friday, May 16th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio (DPR) is presently 35.73%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on APO. Morgan Stanley cut their price target on Apollo Global Management from $170.00 to $131.00 and set an “equal weight” rating for the company in a research note on Monday, April 14th. Barclays raised their price objective on Apollo Global Management from $145.00 to $156.00 and gave the company an “overweight” rating in a research note on Monday, May 5th. Wells Fargo & Company cut their price objective on Apollo Global Management from $177.00 to $139.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Raymond James began coverage on Apollo Global Management in a research note on Thursday, April 10th. They issued a “strong-buy” rating and a $173.00 price objective on the stock. Finally, Piper Sandler cut their price objective 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. One analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average 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.