Apollo Global Management Inc. (NYSE:APO) is Platform Technology Partners' 5th Largest Position

Platform Technology Partners decreased its holdings in Apollo Global Management Inc. (NYSE:APO - Free Report) by 3.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,110 shares of the financial services provider's stock after selling 1,868 shares during the period. Apollo Global Management comprises approximately 2.4% of Platform Technology Partners' holdings, making the stock its 5th largest holding. Platform Technology Partners' holdings in Apollo Global Management were worth $8,231,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ellevest Inc. grew its stake in Apollo Global Management by 1.5% in the fourth quarter. Ellevest Inc. now owns 4,451 shares of the financial services provider's stock worth $735,000 after purchasing an additional 67 shares in the last quarter. Vivaldi Capital Management LP grew its position in shares of 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 buying an additional 71 shares in the last quarter. Colonial Trust Co SC grew its position in shares of 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 buying an additional 79 shares in the last quarter. CVA Family Office LLC increased its stake in shares of Apollo Global Management by 19.7% during the first quarter. CVA Family Office LLC now owns 534 shares of the financial services provider's stock valued at $73,000 after buying an additional 88 shares during the period. Finally, World Investment Advisors raised its holdings in shares of Apollo Global Management by 1.3% in the first quarter. World Investment Advisors now owns 7,089 shares of the financial services provider's stock valued at $971,000 after acquiring an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on APO shares. Citigroup raised their target price on shares of Apollo Global Management from $160.00 to $170.00 and gave the company a "buy" rating in a research report on Thursday. UBS Group cut their price objective 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. Raymond James Financial started coverage on Apollo Global Management in a report on Thursday, April 10th. They set a "strong-buy" rating and a $173.00 target price for the company. Cowen reiterated a "buy" rating on shares of Apollo Global Management in a report on Monday, May 5th. Finally, Piper Sandler reduced their price target on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. 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 stock. According to data from MarketBeat, Apollo Global Management currently has an average rating of "Moderate Buy" and an average price target of $161.00.

Insider Buying and Selling

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 shares were sold at an average price of $132.57, for a total transaction of $530,280.00. Following the completion of the transaction, the chief financial officer directly owned 373,164 shares of the company's stock, valued at approximately $49,470,351.48. This trade represents a 1.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 8.20% of the stock is currently owned by corporate insiders.

Apollo Global Management Stock Performance

Shares of NYSE APO traded down $1.00 during midday trading on Friday, reaching $147.21. The company had a trading volume of 1,474,527 shares, compared to its average volume of 3,945,998. Apollo Global Management Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The business's 50-day simple moving average is $137.02 and its 200 day simple moving average is $144.06. 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 stock has a market cap of $84.13 billion, a P/E ratio of 25.78, a P/E/G ratio of 1.62 and a beta of 1.59.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 13.45% and a net margin of 14.59%. The business's revenue was down 21.2% on a year-over-year basis. During the same quarter last year, the business earned $1.72 EPS. On average, analysts forecast that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a dividend of $0.51 per share. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date was Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.39%. Apollo Global Management's payout ratio is 35.73%.

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.