2,167 Shares in Apollo Global Management Inc. (NYSE:APO) Acquired by Dakota Wealth Management

Dakota Wealth Management bought a new position in Apollo Global Management Inc. (NYSE:APO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,167 shares of the financial services provider's stock, valued at approximately $297,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. lifted its holdings in Apollo Global Management by 11.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 3,825 shares of the financial services provider's stock worth $524,000 after purchasing an additional 385 shares in the last quarter. Apollon Wealth Management LLC boosted its position in Apollo Global Management by 6.6% during the first quarter. Apollon Wealth Management LLC now owns 29,975 shares of the financial services provider's stock valued at $4,105,000 after purchasing an additional 1,849 shares in the last quarter. Fortress Financial Solutions LLC boosted its holdings in Apollo Global Management by 8.3% in the first quarter. Fortress Financial Solutions LLC now owns 4,487 shares of the financial services provider's stock worth $615,000 after acquiring an additional 342 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in Apollo Global Management by 5.5% in the first quarter. Bleakley Financial Group LLC now owns 19,856 shares of the financial services provider's stock worth $2,719,000 after acquiring an additional 1,027 shares in the last quarter. Finally, Left Brain Wealth Management LLC lifted its holdings in Apollo Global Management by 55.4% in the first quarter. Left Brain Wealth Management LLC now owns 39,999 shares of the financial services provider's stock valued at $5,477,000 after acquiring an additional 14,263 shares during the period. Hedge funds and other institutional investors own 77.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on APO shares. Wells Fargo & Company boosted their price objective 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. Barclays upped their price objective on Apollo Global Management from $156.00 to $168.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Cowen reissued a "buy" rating on shares of Apollo Global Management in a research report on Monday, May 5th. Raymond James Financial assumed coverage on Apollo Global Management in a research note on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 price target on the stock. Finally, Citigroup increased their target price on Apollo Global Management from $160.00 to $170.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Apollo Global Management has an average rating of "Moderate Buy" and a consensus price target of $161.00.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 4,000 shares of the business'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 completion of the transaction, the chief financial officer owned 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.20% of the company's stock.

Apollo Global Management Price Performance

APO stock opened at $156.14 on Friday. The firm has a 50-day moving average of $138.57 and a two-hundred day moving average of $143.49. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $89.23 billion, a PE ratio of 27.35, a P/E/G ratio of 1.72 and a beta of 1.59. Apollo Global Management Inc. has a one year low of $95.11 and a one year high of $189.49.

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 for the quarter, missing the consensus estimate of $1.84 by ($0.02). Apollo Global Management had a return on equity of 13.45% and a net margin of 14.59%. The firm had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $977.14 million. During the same period in the prior year, the firm posted $1.72 earnings per share. The business's revenue for the quarter was down 21.2% compared to the same quarter last year. On average, analysts forecast that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.04 annualized dividend and a dividend yield of 1.31%. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio (DPR) 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.

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