Dynasty Wealth Management LLC Acquires New Holdings in Apollo Global Management Inc. (NYSE:APO)

Dynasty Wealth Management LLC acquired a new stake in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 5,055 shares of the financial services provider's stock, valued at approximately $692,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA grew its position in shares of Apollo Global Management by 245.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,653,160 shares of the financial services provider's stock worth $438,196,000 after buying an additional 1,886,146 shares during the period. Principal Financial Group Inc. boosted its stake in Apollo Global Management by 1.4% during the first quarter. Principal Financial Group Inc. now owns 550,221 shares of the financial services provider's stock worth $75,347,000 after acquiring an additional 7,441 shares in the last quarter. Blue Whale Capital LLP purchased a new stake in Apollo Global Management in the fourth quarter worth about $47,400,000. Clearview Wealth Advisors LLC increased its stake in shares of Apollo Global Management by 420.7% during 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 in the last quarter. Finally, Toronto Dominion Bank lifted its holdings in shares of Apollo Global Management by 209.0% during the fourth quarter. Toronto Dominion Bank now owns 162,659 shares of the financial services provider's stock valued at $26,864,000 after purchasing an additional 110,014 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Price Performance

APO stock traded down $3.42 during midday trading on Monday, hitting $148.58. The company's stock had a trading volume of 2,303,223 shares, compared to its average volume of 3,968,025. Apollo Global Management Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The company has a 50 day moving average of $138.96 and a two-hundred day moving average of $143.09. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $84.91 billion, a price-to-earnings ratio of 26.02, a price-to-earnings-growth ratio of 1.71 and a beta of 1.59.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The financial services provider reported $1.82 EPS for the quarter, missing the consensus estimate of $1.84 by ($0.02). The company had revenue of $5.55 billion during the quarter, compared to analysts' expectations of $977.14 million. Apollo Global Management had a return on equity of 13.45% and a net margin of 14.59%. The firm's revenue for the quarter was down 21.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.72 EPS. On average, analysts expect that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.04 annualized dividend and a yield of 1.37%. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio (DPR) is 35.73%.

Wall Street Analyst Weigh In

Several analysts have commented on APO shares. Morgan Stanley cut their target price on 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. Bank of America raised their target price on shares of Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, April 4th. UBS Group decreased their target price on shares of Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. TD Cowen cut their price objective 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, Barclays raised their target price on Apollo Global Management from $156.00 to $168.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $161.00.

Insider Activity at Apollo Global Management

In other Apollo Global Management 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 8.50% of the company's stock.

Apollo Global Management 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.