Focus Partners Wealth Acquires 13,472 Shares of Apollo Global Management, Inc. (NYSE:APO)

Focus Partners Wealth boosted its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 44.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,631 shares of the financial services provider’s stock after buying an additional 13,472 shares during the period. Focus Partners Wealth’s holdings in Apollo Global Management were worth $7,206,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Czech National Bank bought a new position in shares of Apollo Global Management during the 4th quarter valued at about $16,007,000. Brookstone Capital Management purchased a new position in shares of Apollo Global Management during the 4th quarter valued at about $441,000. Wedmont Private Capital raised its holdings in shares of Apollo Global Management by 4.1% during the 4th quarter. Wedmont Private Capital now owns 5,132 shares of the financial services provider’s stock valued at $797,000 after buying an additional 201 shares in the last quarter. Cooper Financial Group raised its holdings in shares of Apollo Global Management by 10.4% during the 4th quarter. Cooper Financial Group now owns 6,277 shares of the financial services provider’s stock valued at $1,037,000 after buying an additional 592 shares in the last quarter. Finally, Miracle Mile Advisors LLC raised its holdings in shares of Apollo Global Management by 22.2% during the 4th quarter. Miracle Mile Advisors LLC now owns 14,786 shares of the financial services provider’s stock valued at $2,442,000 after buying an additional 2,685 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Morgan Stanley decreased their price objective on Apollo Global Management from $170.00 to $131.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. TD Cowen decreased their price objective on Apollo Global Management from $214.00 to $144.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Bank of America raised their price objective on Apollo Global Management from $186.00 to $190.00 and gave the company a “buy” rating in a report on Friday, April 4th. Wells Fargo & Company decreased their price target 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. Finally, UBS Group decreased their price target on Apollo Global Management from $170.00 to $155.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and an average price target of $157.89.

Insider Transactions at Apollo Global Management

In other news, insider Lb 2018 Gst Trust acquired 607,725 shares of Apollo Global Management 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 directly owns 621,754 shares of the company’s stock, valued at $69,257,178.06. This trade represents a 4,331.92% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Martin Kelly sold 4,000 shares of the firm’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $132.57, for a total value of $530,280.00. Following the transaction, the chief financial officer now owns 373,164 shares in the company, valued at $49,470,351.48. The trade was a 1.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 509,000 shares of company stock worth $72,321,680. 8.20% of the stock is currently owned by company insiders.

Apollo Global Management Price Performance

NYSE:APO opened at $145.23 on Wednesday. The firm has a market capitalization of $82.85 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 1.17 and a beta of 1.67. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The business has a 50 day simple moving average of $132.09 and a 200-day simple moving average of $152.54. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Friday, May 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.02). The company had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $977.14 million. Apollo Global Management had a net margin of 17.53% and a return on equity of 13.97%. Apollo Global Management’s revenue for the quarter was down 21.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.72 earnings per share. Equities analysts forecast that Apollo Global Management, Inc. will post 8 EPS for the current year.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.40%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Friday, May 16th. Apollo Global Management’s dividend payout ratio is presently 35.73%.

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.