Schechter Investment Advisors LLC Takes Position in Apollo Global Management Inc. (NYSE:APO)

Schechter Investment Advisors LLC bought a new stake in Apollo Global Management Inc. (NYSE:APO) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,122 shares of the financial services provider’s stock, valued at approximately $564,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Fourth Dimension Wealth LLC purchased a new stake in Apollo Global Management during the 4th quarter valued at approximately $25,000. ORG Partners LLC raised its stake in Apollo Global Management by 285.0% during the 1st quarter. ORG Partners LLC now owns 231 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 171 shares during the last quarter. Farmers & Merchants Investments Inc. purchased a new stake in Apollo Global Management during the 1st quarter valued at approximately $39,000. Colonial Trust Co SC raised its stake in Apollo Global Management by 29.2% during the 4th quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 79 shares during the last quarter. Finally, Elequin Capital LP purchased a new stake in Apollo Global Management during the 4th quarter valued at approximately $58,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 4,000 shares of the 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 directly owned 373,164 shares of the company’s stock, valued at $49,470,351.48. This 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 is available through this link. Insiders own 8.20% of the company’s stock.

Analysts Set New Price Targets

APO has been the subject of several recent analyst reports. Evercore ISI raised their price target on Apollo Global Management from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. Bank of America raised their price target on Apollo Global Management from $186.00 to $190.00 and gave the company a “buy” rating in a report on Friday, April 4th. Piper Sandler dropped their price objective on Apollo Global Management from $193.00 to $174.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. Barclays raised their price objective on Apollo Global Management from $156.00 to $168.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Finally, Raymond James Financial initiated 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 for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.00.

Apollo Global Management Stock Up 1.0%

NYSE APO opened at $148.63 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a 50-day simple moving average of $137.02 and a 200 day simple moving average of $143.64. Apollo Global Management Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The stock has a market cap of $84.94 billion, a PE ratio of 26.03, a PEG ratio of 1.61 and a beta of 1.59.

Apollo Global Management (NYSE:APO) last released 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 14.59% and a return on equity of 13.45%. The company had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $977.14 million. During the same quarter in the previous year, the business posted $1.72 EPS. The firm’s quarterly revenue was down 21.2% on a year-over-year basis. On average, research analysts forecast that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a dividend of $0.51 per share. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date was Friday, May 16th. This represents a $2.04 annualized dividend and a dividend yield of 1.37%. Apollo Global Management’s dividend payout ratio (DPR) is presently 35.73%.

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.