Foundations Investment Advisors LLC increased its holdings in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 22.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,373 shares of the financial services provider's stock after acquiring an additional 11,731 shares during the quarter. Foundations Investment Advisors LLC's holdings in Apollo Global Management were worth $8,678,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fourth Dimension Wealth LLC purchased a new position in Apollo Global Management during the 4th quarter worth approximately $25,000. GW&K Investment Management LLC raised its holdings in Apollo Global Management by 84.5% in the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider's stock worth $26,000 after acquiring an additional 87 shares during the period. ORG Partners LLC increased its holdings in shares of Apollo Global Management by 285.0% during the 1st quarter. ORG Partners LLC now owns 231 shares of the financial services provider's stock worth $32,000 after purchasing an additional 171 shares during the period. Farmers & Merchants Investments Inc. bought a new position in shares of Apollo Global Management during the 1st quarter worth about $39,000. Finally, Cullen Frost Bankers Inc. increased its holdings in shares of Apollo Global Management by 36.0% during the 1st quarter. Cullen Frost Bankers Inc. now owns 408 shares of the financial services provider's stock worth $56,000 after purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 77.06% of the company's stock.
Apollo Global Management Stock Performance
Shares of APO traded down $8.43 during midday trading on Friday, reaching $136.89. The stock had a trading volume of 2,829,908 shares, compared to its average volume of 3,601,193. The firm has a 50 day simple moving average of $140.48 and a 200-day simple moving average of $142.54. Apollo Global Management Inc. has a one year low of $95.11 and a one year high of $189.49. The firm has a market cap of $78.23 billion, a PE ratio of 23.92, a P/E/G ratio of 1.64 and a beta of 1.59. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.34.
Apollo Global Management (NYSE:APO - Get Free Report) last issued 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). The business had revenue of $5.55 billion during the quarter, compared to analyst estimates of $977.14 million. Apollo Global Management had a return on equity of 13.45% and a net margin of 14.59%. Apollo Global Management's revenue for the quarter was down 21.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.72 EPS. As a group, sell-side analysts anticipate that Apollo Global Management Inc. will post 8 EPS for the current year.
Insider Activity at Apollo Global Management
In related news, CFO Martin Kelly sold 4,000 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $132.57, for a total transaction of $530,280.00. Following the sale, the chief financial officer directly 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 document filed with the SEC, which is available through this hyperlink. Insiders own 8.20% of the company's stock.
Wall Street Analysts Forecast Growth
APO has been the subject of a number of analyst reports. Morgan Stanley cut their price target on shares of Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Cowen reaffirmed a "buy" rating on shares of Apollo Global Management in a research note on Monday, May 5th. TD Cowen decreased their price target on Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. UBS Group decreased their price target on Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating on the stock in a research note on Thursday, May 1st. Finally, 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 target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Apollo Global Management has a consensus rating of "Moderate Buy" and a consensus price target of $161.00.
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About Apollo Global Management
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Free Report)
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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