Beacon Investment Advisory Services Inc. Has $7.19 Million Stock Position in Apollo Global Management Inc. (NYSE:APO)

Beacon Investment Advisory Services Inc. lifted its stake in Apollo Global Management Inc. (NYSE:APO - Free Report) by 151.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 52,534 shares of the financial services provider's stock after buying an additional 31,654 shares during the period. Beacon Investment Advisory Services Inc.'s holdings in Apollo Global Management were worth $7,194,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Fourth Dimension Wealth LLC bought a new position in shares of Apollo Global Management in the fourth quarter worth $25,000. GW&K Investment Management LLC increased 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 valued at $26,000 after buying an additional 87 shares during the period. ORG Partners LLC raised its position in shares of Apollo Global Management by 285.0% in the 1st quarter. ORG Partners LLC now owns 231 shares of the financial services provider's stock valued at $32,000 after buying an additional 171 shares in the last quarter. Farmers & Merchants Investments Inc. bought a new stake in shares of Apollo Global Management during the 1st quarter worth approximately $39,000. Finally, Cullen Frost Bankers Inc. boosted its position 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 acquiring an additional 108 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Wall Street Analyst Weigh In

APO has been the subject of several recent analyst reports. Bank of America upped their target price on Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a research note on Friday, April 4th. Evercore ISI upped their price objective on Apollo Global Management from $150.00 to $155.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Barclays boosted their target price on Apollo Global Management from $156.00 to $168.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Morgan Stanley reduced their price target on shares of Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Finally, TD Cowen lowered their price objective on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Apollo Global Management currently has an average rating of "Moderate Buy" and a consensus price target of $161.00.

Apollo Global Management Trading Down 0.0%

Shares of NYSE:APO traded down $0.01 during trading on Thursday, reaching $151.84. The stock had a trading volume of 1,998,551 shares, compared to its average volume of 2,629,759. Apollo Global Management Inc. has a 52 week low of $95.11 and a 52 week high of $189.49. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.36 and a current ratio of 1.36. The firm's fifty day moving average is $139.46 and its 200 day moving average is $142.94. The stock has a market cap of $86.78 billion, a price-to-earnings ratio of 26.59, a P/E/G ratio of 1.71 and a beta of 1.59.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share for the quarter, missing analysts' consensus estimates of $1.84 by ($0.02). The business had revenue of $5.55 billion for 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%. The business's revenue was down 21.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.72 earnings per share. As a group, equities analysts forecast that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, May 16th. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.34%. Apollo Global Management's payout ratio is 35.73%.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 4,000 shares of the business's stock in a transaction 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 transaction, the chief financial officer owned 373,164 shares in the company, valued at $49,470,351.48. The trade was a 1.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.20% of the stock is currently owned by company insiders.

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.