Left Brain Wealth Management LLC Purchases 14,263 Shares of Apollo Global Management Inc. (NYSE:APO)

Left Brain Wealth Management LLC increased its holdings in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 55.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,999 shares of the financial services provider's stock after purchasing an additional 14,263 shares during the quarter. Apollo Global Management makes up about 2.4% of Left Brain Wealth Management LLC's investment portfolio, making the stock its 12th biggest holding. Left Brain Wealth Management LLC's holdings in Apollo Global Management were worth $5,477,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. CWM LLC boosted its holdings in Apollo Global Management by 9.0% during the first quarter. CWM LLC now owns 7,916 shares of the financial services provider's stock worth $1,084,000 after purchasing an additional 654 shares during the last quarter. Pittenger & Anderson Inc. lifted its stake in Apollo Global Management by 23.7% in the first quarter. Pittenger & Anderson Inc. now owns 2,350 shares of the financial services provider's stock valued at $322,000 after acquiring an additional 450 shares during the last quarter. Iron Horse Wealth Management LLC lifted its stake in Apollo Global Management by 18.5% in the first quarter. Iron Horse Wealth Management LLC now owns 1,950 shares of the financial services provider's stock valued at $267,000 after acquiring an additional 305 shares during the last quarter. Fulton Breakefield Broenniman LLC lifted its stake in Apollo Global Management by 1.4% in the first quarter. Fulton Breakefield Broenniman LLC now owns 127,541 shares of the financial services provider's stock valued at $17,465,000 after acquiring an additional 1,746 shares during the last quarter. Finally, Stephens Inc. AR lifted its stake in Apollo Global Management by 0.9% in the first quarter. Stephens Inc. AR now owns 185,609 shares of the financial services provider's stock valued at $25,417,000 after acquiring an additional 1,638 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Apollo Global Management Stock Performance

NYSE:APO traded down $1.00 during mid-day trading on Friday, reaching $147.21. 1,474,527 shares of the company's stock were exchanged, compared to its average volume of 3,955,975. Apollo Global Management Inc. has a one year low of $95.11 and a one year high of $189.49. The firm has a market capitalization of $84.13 billion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 1.61 and a beta of 1.59. The business's fifty day simple moving average is $137.02 and its two-hundred day simple moving average is $143.85. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.36 and a current ratio of 1.36.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The financial services provider reported $1.82 EPS for the quarter, missing analysts' consensus estimates of $1.84 by ($0.02). Apollo Global Management had a return on equity of 13.45% and a net margin of 14.59%. The business had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $977.14 million. During the same period in the prior year, the business posted $1.72 earnings per share. Apollo Global Management's revenue was down 21.2% compared to the same quarter last year. Analysts anticipate that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.39%. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, May 16th. Apollo Global Management's dividend payout ratio (DPR) is currently 35.73%.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 4,000 shares of the firm's stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 8.20% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on APO. Bank of America increased their price target on shares of Apollo Global Management from $186.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, April 4th. Piper Sandler cut their price target on shares of Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. 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 note on Thursday. UBS Group cut their price target 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. Finally, TD Cowen cut 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 note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $161.00.

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.