CoreCap Advisors LLC Buys 3,880 Shares of Apollo Global Management, Inc. (NYSE:APO)

CoreCap Advisors LLC grew its stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 18.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,368 shares of the financial services provider's stock after purchasing an additional 3,880 shares during the period. CoreCap Advisors LLC's holdings in Apollo Global Management were worth $4,190,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SRS Capital Advisors Inc. increased its position in Apollo Global Management by 2.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider's stock valued at $447,000 after acquiring an additional 71 shares during the last quarter. Tower Wealth Partners Inc. grew its holdings in Apollo Global Management by 4.4% during the 4th quarter. Tower Wealth Partners Inc. now owns 1,743 shares of the financial services provider's stock valued at $288,000 after purchasing an additional 74 shares during the last quarter. Global Retirement Partners LLC raised its position in Apollo Global Management by 0.9% in the 4th quarter. Global Retirement Partners LLC now owns 9,924 shares of the financial services provider's stock worth $1,639,000 after purchasing an additional 90 shares during the period. Westmount Partners LLC raised its position in Apollo Global Management by 1.8% in the 4th quarter. Westmount Partners LLC now owns 5,091 shares of the financial services provider's stock worth $841,000 after purchasing an additional 91 shares during the period. Finally, WR Wealth Planners LLC lifted its stake in Apollo Global Management by 25.3% in the fourth quarter. WR Wealth Planners LLC now owns 455 shares of the financial services provider's stock worth $75,000 after purchasing an additional 92 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Apollo Global Management Trading Down 3.4 %

Shares of NYSE:APO opened at $129.39 on Wednesday. The business's 50-day moving average is $132.55 and its 200 day moving average is $152.80. 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, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The firm has a market capitalization of $73.81 billion, a P/E ratio of 17.70, a P/E/G ratio of 1.17 and a beta of 1.67.

Apollo Global Management (NYSE:APO - Get Free Report) last announced 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 firm had revenue of $5.55 billion during the quarter, compared to analysts' expectations of $977.14 million. Apollo Global Management had a return on equity of 13.97% and a net margin of 17.53%. The company's revenue for the quarter was down 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.72 earnings per share. On average, research analysts predict that Apollo Global Management, Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The firm 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 $0.51 dividend. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Friday, May 16th. Apollo Global Management's dividend payout ratio is 35.73%.

Analyst Ratings Changes

APO has been the subject of a number of research analyst reports. TD Cowen decreased their price target on Apollo Global Management from $214.00 to $144.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Barclays lifted their target price on Apollo Global Management from $145.00 to $156.00 and gave the stock an "overweight" rating in a research report on Monday. UBS Group cut their price target on shares of Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Wells Fargo & Company decreased their price objective on shares of Apollo Global Management from $177.00 to $139.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Piper Sandler dropped their target price on shares of Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating on the stock in a research note on Monday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $155.85.

Insider Transactions at Apollo Global Management

In other news, insider Leon D. Black sold 500,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was 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 $4,913,877,766. This represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lb 2018 Gst Trust purchased 607,725 shares of Apollo Global Management stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average price of $111.39 per share, with a total value of $67,694,487.75. Following the completion of the transaction, the insider now owns 621,754 shares of the company's stock, valued at $69,257,178.06. This represents a 4,331.92 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 8.50% of the company's stock.

About Apollo Global Management

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.

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