Apollo Global Management Inc. (NYSE:APO) Shares Bought by Fort Sheridan Advisors LLC

Fort Sheridan Advisors LLC grew its stake in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 37.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,088 shares of the financial services provider's stock after purchasing an additional 1,933 shares during the quarter. Fort Sheridan Advisors LLC's holdings in Apollo Global Management were worth $971,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Ellevest Inc. grew its stake in Apollo Global Management by 1.5% during the 4th quarter. Ellevest Inc. now owns 4,451 shares of the financial services provider's stock worth $735,000 after buying an additional 67 shares during the last quarter. Vivaldi Capital Management LP boosted its position in Apollo Global Management by 2.1% during the 4th quarter. Vivaldi Capital Management LP now owns 3,382 shares of the financial services provider's stock worth $566,000 after acquiring an additional 71 shares during the period. Colonial Trust Co SC boosted its position 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 worth $58,000 after acquiring an additional 79 shares during the period. CVA Family Office LLC boosted its position in Apollo Global Management by 19.7% during the 1st quarter. CVA Family Office LLC now owns 534 shares of the financial services provider's stock worth $73,000 after acquiring an additional 88 shares during the period. Finally, World Investment Advisors boosted its position in Apollo Global Management by 1.3% during the 1st quarter. World Investment Advisors now owns 7,089 shares of the financial services provider's stock worth $971,000 after acquiring an additional 93 shares during the period. Institutional investors and hedge funds own 77.06% of the company's stock.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $147.21 on Friday. The business has a 50 day moving average price of $137.02 and a 200 day moving average price of $144.06. Apollo Global Management Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The company has a market cap of $84.13 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 1.62 and a beta of 1.59. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.34.

Apollo Global Management (NYSE:APO - Get Free Report) last announced 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 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 previous year, the company earned $1.72 EPS. Apollo Global Management's revenue for the quarter was down 21.2% compared to the same quarter last year. Research analysts predict that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.39%. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio (DPR) is currently 35.73%.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 4,000 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer owned 373,164 shares in the company, valued at approximately $49,470,351.48. This trade represents a 1.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Morgan Stanley decreased their price target on Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Wells Fargo & Company increased 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. Piper Sandler reduced 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. 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. Finally, Barclays increased their price objective on Apollo Global Management from $156.00 to $168.00 and gave the stock an "overweight" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $161.00.

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.

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