Cromwell Holdings LLC Buys Shares of 1,476 Apollo Global Management Inc. $APO

Cromwell Holdings LLC bought a new stake in shares of Apollo Global Management Inc. (NYSE:APO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,476 shares of the financial services provider’s stock, valued at approximately $209,000.

Several other institutional investors have also added to or reduced their stakes in APO. Wealth Enhancement Advisory Services LLC grew its holdings in Apollo Global Management by 30.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 10,477 shares of the financial services provider’s stock valued at $1,730,000 after buying an additional 2,426 shares in the last quarter. RFG Advisory LLC purchased a new position in Apollo Global Management during the 1st quarter valued at approximately $2,087,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Apollo Global Management by 26.9% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 5,413 shares of the financial services provider’s stock worth $741,000 after purchasing an additional 1,149 shares during the period. Procyon Advisors LLC boosted its holdings in shares of Apollo Global Management by 0.9% in the 1st quarter. Procyon Advisors LLC now owns 32,873 shares of the financial services provider’s stock worth $4,502,000 after purchasing an additional 309 shares during the period. Finally, Eagle Rock Investment Company LLC boosted its holdings in shares of Apollo Global Management by 56.5% in the 1st quarter. Eagle Rock Investment Company LLC now owns 34,552 shares of the financial services provider’s stock worth $4,732,000 after purchasing an additional 12,475 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on APO shares. Barclays lifted their target price on Apollo Global Management from $156.00 to $168.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Evercore ISI lifted their target price on Apollo Global Management from $155.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Citigroup raised their price target on Apollo Global Management from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, July 10th. Wells Fargo & Company raised their price target on Apollo Global Management from $160.00 to $173.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Finally, Wall Street Zen raised Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus target price of $167.93.

Insider Transactions at Apollo Global Management

In other news, insider Leon D. Black sold 915,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider directly owned 4,526,000 shares in the company, valued at $606,619,780. This trade represents a 16.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Whitney Chatterjee sold 4,500 shares of the firm’s stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total value of $657,135.00. Following the transaction, the insider owned 83,192 shares of the company’s stock, valued at approximately $12,148,527.76. This represents a 5.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 935,000 shares of company stock worth $125,543,790 over the last ninety days. Company insiders own 8.20% of the company’s stock.

Apollo Global Management Stock Performance

NYSE APO opened at $127.09 on Friday. The stock has a market capitalization of $72.70 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 1.40 and a beta of 1.68. Apollo Global Management Inc. has a twelve month low of $102.58 and a twelve month high of $189.49. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.37. The stock has a 50-day moving average of $138.85 and a 200 day moving average of $137.11.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.08. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.The company had revenue of $6,550,000 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the firm posted $1.64 EPS. Sell-side analysts anticipate that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, August 18th. Apollo Global Management’s dividend payout ratio is presently 38.13%.

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.