Greenwood Capital Associates LLC Takes $3.57 Million Position in Apollo Global Management, Inc. (NYSE:APO)

Greenwood Capital Associates LLC bought a new position in Apollo Global Management, Inc. (NYSE:APO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 26,094 shares of the financial services provider's stock, valued at approximately $3,573,000.

Several other institutional investors have also recently made changes to their positions in the company. Ellevest Inc. raised its position in shares of Apollo Global Management by 1.5% in the 4th quarter. Ellevest Inc. now owns 4,451 shares of the financial services provider's stock worth $735,000 after acquiring an additional 67 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in shares of Apollo Global Management by 2.7% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider's stock worth $447,000 after buying an additional 71 shares during the last quarter. Vivaldi Capital Management LP grew its stake in shares of Apollo Global Management by 2.1% in the 4th quarter. Vivaldi Capital Management LP now owns 3,382 shares of the financial services provider's stock worth $566,000 after buying an additional 71 shares during the last quarter. Tower Wealth Partners Inc. grew its stake in shares of Apollo Global Management by 4.4% in the 4th quarter. Tower Wealth Partners Inc. now owns 1,743 shares of the financial services provider's stock worth $288,000 after buying an additional 74 shares during the last quarter. Finally, Colonial Trust Co SC grew its stake in shares of Apollo Global Management by 29.2% in the 4th quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider's stock worth $58,000 after buying an additional 79 shares during the last quarter. Institutional investors own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on APO. Bank of America increased their target price on Apollo Global Management from $186.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, April 4th. Wells Fargo & Company increased their target price on Apollo Global Management from $158.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, May 23rd. Citigroup cut their target price on Apollo Global Management from $191.00 to $138.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Raymond James began coverage on Apollo Global Management in a research note on Thursday, April 10th. They set a "strong-buy" rating and a $173.00 target price on the stock. Finally, Piper Sandler cut their target price on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $159.00.

Insiders Place Their Bets

In other Apollo Global Management news, insider Lb 2018 Gst Trust purchased 607,725 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average price of $111.39 per share, for a total transaction of $67,694,487.75. Following the completion of the purchase, the insider now owns 621,754 shares in the company, valued at $69,257,178.06. The trade was a 4,331.92% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Martin Kelly sold 4,000 shares of the business's stock in a transaction dated 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 sale, the chief financial officer now directly owns 373,164 shares of the company's stock, valued at approximately $49,470,351.48. This represents a 1.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by insiders.

Apollo Global Management Trading Up 0.1%

Shares of NYSE:APO traded up $0.12 during midday trading on Thursday, reaching $138.15. The company's stock had a trading volume of 3,247,746 shares, compared to its average volume of 3,931,918. The firm has a market cap of $78.95 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 1.17 and a beta of 1.59. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The business has a 50 day moving average price of $131.35 and a 200 day moving average price of $149.29.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share for the quarter, missing analysts' consensus estimates of $1.84 by ($0.02). Apollo Global Management had a net margin of 17.53% and a return on equity of 13.97%. The firm had revenue of $5.55 billion during the quarter, compared to analyst estimates of $977.14 million. During the same quarter in the previous year, the business posted $1.72 EPS. Apollo Global Management's revenue was down 21.2% compared to the same quarter last year. Research analysts forecast that Apollo Global Management, Inc. will post 8 EPS for the current year.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, May 16th. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's payout ratio is currently 35.73%.

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.