First National Trust Co acquired a new stake in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 22,560 shares of the financial services provider's stock, valued at approximately $3,089,000.
Other hedge funds have also bought and sold shares of the company. Ellevest Inc. grew its holdings in shares of Apollo Global Management by 1.5% in the fourth quarter. Ellevest Inc. now owns 4,451 shares of the financial services provider's stock worth $735,000 after purchasing an additional 67 shares during the last quarter. Vivaldi Capital Management LP grew its holdings 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 acquiring an additional 71 shares in the last quarter. Colonial Trust Co SC grew its holdings 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 acquiring an additional 79 shares in the last quarter. Walled Lake Planning & Wealth Management LLC grew its holdings in Apollo Global Management by 3.3% during the 1st quarter. Walled Lake Planning & Wealth Management LLC now owns 2,516 shares of the financial services provider's stock worth $345,000 after acquiring an additional 80 shares in the last quarter. Finally, GW&K Investment Management LLC grew its holdings in Apollo Global Management by 84.5% during the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider's stock worth $26,000 after acquiring an additional 87 shares in the last quarter. Institutional investors own 77.06% of the company's stock.
Insider Transactions at Apollo Global Management
In other Apollo Global Management news, CFO Martin Kelly sold 4,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 373,164 shares of the company's stock, valued at approximately $49,470,351.48. This trade represents a 1.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 8.20% of the company's stock.
Apollo Global Management Stock Performance
Shares of Apollo Global Management stock traded down $7.02 during midday trading on Friday, hitting $138.30. The company had a trading volume of 4,587,463 shares, compared to its average volume of 2,360,023. The stock has a market cap of $79.04 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 1.64 and a beta of 1.62. 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 company has a fifty day simple moving average of $140.63 and a 200 day simple moving average of $142.39. Apollo Global Management Inc. has a 12-month low of $95.11 and a 12-month high of $189.49.
Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings data 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 net margin of 14.59% and a return on equity of 13.45%. The business's revenue for the quarter was down 21.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.72 earnings per share. As a group, analysts predict that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several brokerages have issued reports on APO. UBS Group dropped their target price on shares of Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Barclays increased their price target on shares of Apollo Global Management from $156.00 to $168.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Evercore ISI increased their price target on shares of Apollo Global Management from $150.00 to $155.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. TD Cowen decreased their price target 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. Finally, Cowen reissued a "buy" rating on shares of Apollo Global Management in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $161.00.
Check Out Our Latest Research Report on APO
Apollo Global Management Profile
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Free Report)
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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