Atria Wealth Solutions Inc. Has $483,000 Stake in Apollo Global Management Inc. $APO

Atria Wealth Solutions Inc. reduced its stake in Apollo Global Management Inc. (NYSE:APO - Free Report) by 46.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,405 shares of the financial services provider's stock after selling 2,917 shares during the period. Atria Wealth Solutions Inc.'s holdings in Apollo Global Management were worth $483,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in shares of Apollo Global Management by 1.4% in the first 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. Clearview Wealth Advisors LLC increased 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 purchasing an additional 17,418 shares during the last quarter. True North Advisors LLC acquired a new position in shares of Apollo Global Management in the first quarter valued at $2,097,000. Pinnacle Financial Partners Inc increased its holdings in shares of Apollo Global Management by 4.9% in the first quarter. Pinnacle Financial Partners Inc now owns 92,624 shares of the financial services provider's stock valued at $12,684,000 after purchasing an additional 4,341 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its holdings in shares of Apollo Global Management by 25.3% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 11,749 shares of the financial services provider's stock valued at $1,609,000 after purchasing an additional 2,375 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on APO shares. Barclays reduced their target price on shares of Apollo Global Management from $168.00 to $147.00 and set an "overweight" rating for the company in a research report on Wednesday, October 8th. Citigroup reduced their target price on shares of Apollo Global Management from $170.00 to $150.00 and set a "buy" rating for the company in a research report on Monday, October 13th. Wells Fargo & Company boosted their target price 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. Weiss Ratings reissued a "hold (c)" rating on shares of Apollo Global Management in a research report on Wednesday, October 8th. Finally, BMO Capital Markets started coverage on shares of Apollo Global Management in a research report on Friday, October 3rd. They issued a "market perform" rating and a $132.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $161.14.

Apollo Global Management Trading Up 0.6%

APO opened at $121.55 on Monday. Apollo Global Management Inc. has a twelve month low of $102.58 and a twelve month high of $189.49. The company has a 50-day simple moving average of $134.27 and a 200 day simple moving average of $135.79. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $69.53 billion, a price-to-earnings ratio of 22.72, a P/E/G ratio of 1.39 and a beta of 1.68.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.08. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. The business had revenue of $6,550,000 billion during the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the prior year, the business posted $1.64 earnings per share. Analysts predict that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Monday, August 18th were issued a $0.51 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.7%. Apollo Global Management's dividend payout ratio is 38.13%.

Insider Transactions at Apollo Global Management

In other news, insider Leon D. Black sold 915,000 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $134.03, for a total value of $122,637,450.00. Following the completion of the transaction, the insider owned 4,526,000 shares of the company's stock, valued at approximately $606,619,780. This represents a 16.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 15,500 shares of the stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the completion of the transaction, the chief financial officer directly owned 332,399 shares of the company's stock, valued at $48,234,418.89. This trade represents a 4.46% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 935,000 shares of company stock valued at $125,543,790. 8.50% of the stock is currently owned by insiders.

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.

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