Focus Partners Advisor Solutions LLC Makes New $371,000 Investment in Apollo Global Management, Inc. (NYSE:APO)

Focus Partners Advisor Solutions LLC purchased a new position in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,248 shares of the financial services provider's stock, valued at approximately $371,000.

Other hedge funds have also recently modified their holdings of the company. Hopwood Financial Services Inc. purchased a new position in shares of Apollo Global Management in the fourth quarter worth $33,000. Kohmann Bosshard Financial Services LLC purchased a new position in Apollo Global Management in the 4th quarter worth $34,000. Byrne Asset Management LLC acquired a new stake in Apollo Global Management during the 4th quarter worth about $37,000. HM Payson & Co. purchased a new stake in Apollo Global Management during the 4th quarter valued at about $45,000. Finally, UMB Bank n.a. increased its holdings in shares of Apollo Global Management by 447.1% in the fourth quarter. UMB Bank n.a. now owns 279 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 228 shares during the period. Institutional investors and hedge funds own 77.06% of the company's stock.

Apollo Global Management Price Performance

Shares of APO stock traded up $0.24 on Thursday, reaching $131.75. 1,994,306 shares of the company were exchanged, compared to its average volume of 3,977,844. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The business has a 50-day moving average price of $132.20 and a 200 day moving average price of $151.54. The company has a market cap of $75.29 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 1.17 and a beta of 1.67.

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 the consensus estimate of $1.84 by ($0.02). The firm had revenue of $5.55 billion for the quarter, compared to analysts' expectations of $977.14 million. Apollo Global Management had a return on equity of 13.97% and a net margin of 17.53%. Apollo Global Management's quarterly revenue was down 21.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.72 earnings per share. Equities research analysts forecast that Apollo Global Management, Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.51 dividend. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Friday, May 16th. Apollo Global Management's dividend payout ratio is currently 35.73%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on APO shares. Piper Sandler dropped their target price on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Raymond James started coverage on shares of Apollo Global Management in a report on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 price objective on the stock. Citigroup reduced their target price on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Morgan Stanley decreased their target price on shares of Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Finally, Bank of America increased their price target on Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, April 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $159.00.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 4,000 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $132.57, for a total transaction of $530,280.00. Following the transaction, the chief financial officer now owns 373,164 shares in the company, valued at approximately $49,470,351.48. This trade represents a 1.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Lb 2018 Gst Trust bought 607,725 shares of the company's stock in a transaction on Friday, April 4th. The stock was bought at an average price of $111.39 per share, with a total value of $67,694,487.75. Following the completion of the acquisition, the insider now owns 621,754 shares in the company, valued at $69,257,178.06. This represents a 4,331.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.20% of the stock is owned by corporate 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.