Accuvest Global Advisors Has $3.36 Million Holdings in Apollo Global Management Inc. (NYSE:APO)

Key Points

• Accuvest Global Advisors increased its holdings in Apollo Global Management by 9.7%, making the stock its 12th largest position, with a total worth of approximately $3.36 million.
• Apollo Global Management reported a quarterly EPS of $1.92, exceeding analysts' expectations, with revenues significantly higher than forecasted at $6.55 billion.
• Multiple analysts have upgraded their target prices for Apollo Global Management, with a consensus indicating a "Moderate Buy" rating and an average target price of $161.26.

Accuvest Global Advisors boosted its holdings in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 9.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 24,567 shares of the financial services provider's stock after acquiring an additional 2,167 shares during the period. Apollo Global Management accounts for 2.9% of Accuvest Global Advisors' portfolio, making the stock its 12th largest position. Accuvest Global Advisors' holdings in Apollo Global Management were worth $3,364,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of APO. Ellevest Inc. boosted its position in shares of Apollo Global Management by 1.5% during 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 lifted its position in Apollo Global Management by 2.1% in the 4th quarter. Vivaldi Capital Management LP now owns 3,382 shares of the financial services provider's stock valued at $566,000 after acquiring an additional 71 shares in the last quarter. Colonial Trust Co SC lifted its position in Apollo Global Management by 29.2% in the 4th quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider's stock valued at $58,000 after acquiring an additional 79 shares in the last quarter. Walled Lake Planning & Wealth Management LLC lifted its position in Apollo Global Management by 3.3% in the 1st quarter. Walled Lake Planning & Wealth Management LLC now owns 2,516 shares of the financial services provider's stock valued at $345,000 after acquiring an additional 80 shares in the last quarter. Finally, GW&K Investment Management LLC lifted its position 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 valued at $26,000 after acquiring an additional 87 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Insider Buying and Selling

In related news, insider Whitney Chatterjee sold 4,500 shares of the company's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total value of $657,135.00. Following the transaction, the insider owned 83,192 shares in the company, valued at approximately $12,148,527.76. This represents a 5.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.20% of the company's stock.

Analyst Upgrades and Downgrades

APO has been the topic of several research reports. Morgan Stanley cut their price objective on shares of Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. Evercore ISI boosted their price objective on shares of Apollo Global Management from $155.00 to $160.00 and gave the company an "outperform" rating in a research report on Wednesday. Wells Fargo & Company boosted their price objective on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Piper Sandler cut their price target on shares of 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. Finally, Cowen reissued a "buy" rating on shares of Apollo Global Management in a research report on Monday, May 5th. One 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.com, the company currently has an average rating of "Moderate Buy" and an average target price of $161.26.

Apollo Global Management Stock Performance

APO traded up $0.88 on Friday, reaching $141.99. The company had a trading volume of 3,008,676 shares, compared to its average volume of 2,955,388. Apollo Global Management Inc. has a fifty-two week low of $102.42 and a fifty-two week high of $189.49. The stock has a market cap of $81.15 billion, a P/E ratio of 26.54, a P/E/G ratio of 1.47 and a beta of 1.62. The company's fifty day moving average is $141.82 and its 200 day moving average is $141.59. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.36 and a current ratio of 1.27.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.92 EPS for the quarter, beating analysts' consensus estimates of $1.84 by $0.08. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.23%. The business had revenue of $6,550,000 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business earned $1.64 EPS. As a group, analysts predict that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Monday, August 18th will be paid a $0.51 dividend. The ex-dividend date is Monday, August 18th. This represents a $2.04 dividend on an annualized basis and a yield of 1.4%. Apollo Global Management's dividend payout ratio is 38.13%.

About Apollo Global Management

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.