Clearview Wealth Advisors LLC Has $2.95 Million Stake in Apollo Global Management Inc. (NYSE:APO)

Clearview Wealth Advisors LLC grew its holdings in Apollo Global Management Inc. (NYSE:APO - Free Report) by 420.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,558 shares of the financial services provider's stock after buying an additional 17,418 shares during the period. Apollo Global Management accounts for about 2.2% of Clearview Wealth Advisors LLC's portfolio, making the stock its 12th biggest holding. Clearview Wealth Advisors LLC's holdings in Apollo Global Management were worth $2,952,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in APO. Venturi Wealth Management LLC lifted its position in shares of Apollo Global Management by 2,300.0% in the fourth quarter. Venturi Wealth Management LLC now owns 600 shares of the financial services provider's stock valued at $99,000 after buying an additional 575 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Apollo Global Management by 5.5% in the fourth quarter. Private Advisor Group LLC now owns 11,331 shares of the financial services provider's stock valued at $1,871,000 after buying an additional 590 shares during the last quarter. Howard Capital Management Inc. lifted its position in shares of Apollo Global Management by 8.4% in the fourth quarter. Howard Capital Management Inc. now owns 2,723 shares of the financial services provider's stock valued at $450,000 after buying an additional 210 shares during the last quarter. MONECO Advisors LLC lifted its position in shares of Apollo Global Management by 7.5% in the fourth quarter. MONECO Advisors LLC now owns 1,975 shares of the financial services provider's stock valued at $326,000 after buying an additional 137 shares during the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in shares of Apollo Global Management in the fourth quarter valued at approximately $216,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Apollo Global Management news, insider Lb 2018 Gst Trust purchased 607,725 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were bought at an average price of $111.39 per share, for a total transaction of $67,694,487.75. Following the purchase, the insider now owns 621,754 shares in the company, valued at approximately $69,257,178.06. This trade represents a 4,331.92% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Martin Kelly sold 4,000 shares of Apollo Global Management stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $132.57, for a total value of $530,280.00. Following the completion of the transaction, the chief financial officer now owns 373,164 shares in the company, valued at approximately $49,470,351.48. The trade was a 1.06% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.50% of the company's stock.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $134.16 on Tuesday. The stock's fifty day moving average price is $133.48 and its two-hundred day moving average price is $146.66. Apollo Global Management Inc. has a one year low of $95.11 and a one year high of $189.49. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market cap of $76.67 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 1.39 and a beta of 1.59.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The financial services provider reported $1.82 EPS for the quarter, missing analysts' consensus estimates of $1.84 by ($0.02). Apollo Global Management had a return on equity of 13.45% and a net margin of 14.59%. The company had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $977.14 million. During the same quarter last year, the business earned $1.72 EPS. Apollo Global Management's revenue was down 21.2% on a year-over-year basis. As a group, research analysts expect 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. Stockholders of record on Friday, May 16th were paid a $0.51 dividend. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date was Friday, May 16th. This represents a $2.04 annualized dividend and a dividend yield of 1.52%. Apollo Global Management's dividend payout ratio (DPR) is presently 35.73%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on APO. UBS Group cut their price objective on Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Citigroup dropped their price target on Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Raymond James Financial assumed coverage on Apollo Global Management in a report on Thursday, April 10th. They set a "strong-buy" rating and a $173.00 price target for the company. TD Cowen dropped their price target on Apollo Global Management from $214.00 to $144.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Bank of America lifted their price target on Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $159.00.

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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