Kesler Norman & Wride LLC Purchases Shares of 4,745 Apollo Global Management Inc. (NYSE:APO)

Kesler Norman & Wride LLC purchased a new stake in Apollo Global Management Inc. (NYSE:APO - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,745 shares of the financial services provider's stock, valued at approximately $650,000.

A number of other large investors also recently bought and sold shares of the stock. Ellevest Inc. lifted its holdings in Apollo Global Management by 1.5% in the fourth quarter. Ellevest Inc. now owns 4,451 shares of the financial services provider's stock valued at $735,000 after acquiring an additional 67 shares during the period. Vivaldi Capital Management LP increased its position in shares of Apollo Global Management by 2.1% in the fourth quarter. Vivaldi Capital Management LP now owns 3,382 shares of the financial services provider's stock valued at $566,000 after buying an additional 71 shares in the last quarter. Colonial Trust Co SC increased its position in shares of Apollo Global Management by 29.2% in the fourth quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider's stock valued at $58,000 after buying an additional 79 shares in the last quarter. CVA Family Office LLC increased its position in shares of Apollo Global Management by 19.7% in the first quarter. CVA Family Office LLC now owns 534 shares of the financial services provider's stock valued at $73,000 after buying an additional 88 shares in the last quarter. Finally, World Investment Advisors increased its position in shares of Apollo Global Management by 1.3% in the first quarter. World Investment Advisors now owns 7,089 shares of the financial services provider's stock valued at $971,000 after buying an additional 93 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 4,000 shares of the stock in a transaction dated 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 owned 373,164 shares of the company's stock, valued at approximately $49,470,351.48. This represents a 1.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.20% of the company's stock.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock opened at $147.21 on Friday. Apollo Global Management Inc. has a 52 week low of $95.11 and a 52 week high of $189.49. The business's fifty day simple moving average is $137.02 and its 200-day simple moving average is $144.06. The firm has a market cap of $84.13 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 1.62 and a beta of 1.59. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.34.

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). Apollo Global Management had a net margin of 14.59% and a return on equity of 13.45%. The business had revenue of $5.55 billion during the quarter, compared to analyst estimates of $977.14 million. During the same period last year, the company earned $1.72 EPS. The business's revenue for the quarter was down 21.2% on a year-over-year basis. Equities analysts forecast that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Increases Dividend

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

Wall Street Analysts Forecast Growth

APO has been the subject of a number of recent analyst reports. Raymond James Financial initiated coverage on Apollo Global Management in a research report on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 price objective for the company. Barclays boosted their price target on Apollo Global Management from $156.00 to $168.00 and gave the stock an "overweight" rating in a research report on Thursday. Citigroup boosted their price target on Apollo Global Management from $160.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday. Wells Fargo & Company boosted their price target on Apollo Global Management from $160.00 to $173.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Morgan Stanley dropped their price target on 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $161.00.

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.

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