Triumph Capital Management Has $735,000 Stock Position in Apollo Global Management Inc. (NYSE:APO)

Triumph Capital Management boosted its stake in Apollo Global Management Inc. (NYSE:APO - Free Report) by 106.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,370 shares of the financial services provider's stock after buying an additional 2,770 shares during the quarter. Triumph Capital Management's holdings in Apollo Global Management were worth $735,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of APO. Massachusetts Financial Services Co. MA boosted its position in Apollo Global Management by 245.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,653,160 shares of the financial services provider's stock valued at $438,196,000 after buying an additional 1,886,146 shares in the last quarter. Principal Financial Group Inc. raised its position in Apollo Global Management by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 550,221 shares of the financial services provider's stock valued at $75,347,000 after purchasing an additional 7,441 shares during the last quarter. Blue Whale Capital LLP acquired a new position in Apollo Global Management in the fourth quarter worth $47,400,000. Clearview Wealth Advisors LLC raised its holdings in shares of Apollo Global Management by 420.7% in the first quarter. Clearview Wealth Advisors LLC now owns 21,558 shares of the financial services provider's stock valued at $2,952,000 after buying an additional 17,418 shares during the last quarter. Finally, Toronto Dominion Bank lifted its position in Apollo Global Management by 209.0% during the 4th quarter. Toronto Dominion Bank now owns 162,659 shares of the financial services provider's stock worth $26,864,000 after buying an additional 110,014 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on APO shares. Raymond James Financial assumed coverage on shares of Apollo Global Management in a research report on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 price objective for the company. TD Cowen reduced 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. Piper Sandler decreased their price objective on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Citigroup boosted their target price on Apollo Global Management from $160.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Finally, Bank of America upped their price target on Apollo Global Management from $186.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $161.00.

Apollo Global Management Stock Performance

NYSE APO traded down $0.01 during trading on Thursday, reaching $151.84. 1,998,551 shares of the company's stock were exchanged, compared to its average volume of 3,651,217. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.36 and a quick ratio of 1.36. The business has a 50 day moving average price of $139.46 and a 200-day moving average price of $142.94. The stock has a market capitalization of $86.78 billion, a P/E ratio of 26.59, a PEG ratio of 1.69 and a beta of 1.59. Apollo Global Management Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its earnings results on Friday, May 2nd. The financial services provider reported $1.82 EPS 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 business had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $977.14 million. During the same quarter in the prior year, the firm posted $1.72 earnings per share. The business's revenue was down 21.2% compared to the same quarter last year. Sell-side analysts forecast that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were 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 1.34%. The ex-dividend date was Friday, May 16th. Apollo Global Management's payout ratio is currently 35.73%.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 4,000 shares of Apollo Global Management stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $132.57, for a total transaction of $530,280.00. Following the completion of the sale, the chief financial officer owned 373,164 shares of the company's stock, valued at approximately $49,470,351.48. The trade was a 1.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 8.20% of the stock is currently owned by corporate insiders.

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.