Crossmark Global Holdings Inc. Purchases 1,773 Shares of Apollo Global Management Inc. (NYSE:APO)

Crossmark Global Holdings Inc. boosted its holdings in Apollo Global Management Inc. (NYSE:APO - Free Report) by 46.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,593 shares of the financial services provider's stock after buying an additional 1,773 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Apollo Global Management were worth $766,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in APO. Ellevest Inc. grew its position in Apollo Global Management by 1.5% during the 4th 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 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 purchasing an additional 71 shares in the last quarter. Colonial Trust Co SC grew its position in 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 purchasing an additional 79 shares in the last quarter. CVA Family Office LLC grew its holdings in shares of Apollo Global Management by 19.7% during the 1st quarter. CVA Family Office LLC now owns 534 shares of the financial services provider's stock valued at $73,000 after acquiring an additional 88 shares in the last quarter. Finally, World Investment Advisors grew its holdings in shares of Apollo Global Management by 1.3% during the 1st 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. Institutional investors and hedge funds own 77.06% of the company's stock.

Apollo Global Management Stock Down 0.7%

NYSE:APO traded down $1.00 during trading hours on Friday, reaching $147.21. The company's stock had a trading volume of 1,474,527 shares, compared to its average volume of 3,945,998. The company has a market cap of $84.13 billion, a price-to-earnings ratio of 25.78, a price-to-earnings-growth ratio of 1.62 and a beta of 1.59. Apollo Global Management Inc. has a one year low of $95.11 and a one year high of $189.49. The business's 50-day moving average is $137.02 and its 200-day moving average is $144.06. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.36 and a quick ratio of 1.36.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly 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). Apollo Global Management had a net margin of 14.59% and a return on equity of 13.45%. The firm 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 company earned $1.72 earnings per share. The firm's revenue was down 21.2% on a year-over-year basis. Equities research analysts predict that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Increases Dividend

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

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 4,000 shares of the company's stock in a transaction dated 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 sale, the chief financial officer directly owned 373,164 shares in the company, valued at $49,470,351.48. This represents a 1.06% decrease in their ownership of the stock. 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 owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on APO shares. Morgan Stanley lowered 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 report on Monday, April 14th. TD Cowen lowered their price target on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Wells Fargo & Company boosted their price target on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a report on Friday. Piper Sandler lowered 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 report on Monday, May 5th. Finally, Raymond James Financial started coverage on shares of Apollo Global Management in a report on Thursday, April 10th. They set a "strong-buy" rating and a $173.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $161.00.

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.