SouthState Corp Takes $124,000 Position in Apollo Global Management, Inc. (NYSE:APO)

SouthState Corp purchased a new stake in shares of Apollo Global Management, Inc. (NYSE:APOGet Rating) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,000 shares of the financial services provider’s stock, valued at approximately $124,000.

A number of other large investors have also recently modified their holdings of APO. Evoke Wealth LLC bought a new stake in shares of Apollo Global Management during the 4th quarter valued at about $25,000. Byrne Asset Management LLC bought a new stake in shares of Apollo Global Management during the 4th quarter valued at about $25,000. Clearstead Advisors LLC bought a new stake in Apollo Global Management in the 4th quarter worth approximately $27,000. CWM LLC bought a new stake in Apollo Global Management in the 4th quarter worth approximately $32,000. Finally, Hazlett Burt & Watson Inc. bought a new stake in Apollo Global Management in the 1st quarter worth approximately $36,000. Institutional investors own 61.48% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on APO shares. Wells Fargo & Company dropped their target price on Apollo Global Management from $73.00 to $66.00 and set an “overweight” rating for the company in a research report on Wednesday, July 13th. StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Wednesday, May 18th. Citigroup lowered their price objective on Apollo Global Management from $105.00 to $87.50 and set a “buy” rating for the company in a research report on Tuesday, April 12th. Morgan Stanley downgraded Apollo Global Management from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $81.00 to $60.00 in a research report on Tuesday, July 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Apollo Global Management from $90.00 to $88.00 and set a “buy” rating on the stock in a research note on Wednesday, July 13th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Apollo Global Management has a consensus rating of “Hold” and a consensus target price of $79.06.

Apollo Global Management Trading Up 1.3 %

Apollo Global Management stock opened at $57.99 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.26. The business’s fifty day simple moving average is $53.26 and its two-hundred day simple moving average is $58.12. Apollo Global Management, Inc. has a 12 month low of $45.97 and a 12 month high of $81.07. The company has a market capitalization of $33.31 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 0.67 and a beta of 1.65.

Apollo Global Management (NYSE:APOGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.51. The firm had revenue of $584.00 million for the quarter, compared to the consensus estimate of $576.77 million. Apollo Global Management had a return on equity of 30.91% and a net margin of 6.39%. During the same period in the prior year, the company posted $0.66 earnings per share. As a group, equities analysts predict that Apollo Global Management, Inc. will post 5.3 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Martin Kelly sold 20,000 shares of the company’s stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $55.06, for a total transaction of $1,101,200.00. Following the transaction, the chief financial officer now directly owns 541,385 shares of the company’s stock, valued at $29,808,658.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.90% of the company’s stock.

Apollo Global Management Profile

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Apollo Global Management, Inc is a private equity firm specializing investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.

See Also

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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