RFG Advisory LLC Buys Shares of 15,237 Apollo Global Management, Inc. (NYSE:APO)

RFG Advisory LLC acquired a new stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 15,237 shares of the financial services provider's stock, valued at approximately $2,087,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Fourth Dimension Wealth LLC purchased a new position in Apollo Global Management in the fourth quarter valued at about $25,000. Hopwood Financial Services Inc. acquired a new stake in shares of Apollo Global Management in the 4th quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Apollo Global Management in the 4th quarter worth approximately $34,000. Byrne Asset Management LLC purchased a new position in Apollo Global Management in the 4th quarter valued at approximately $37,000. Finally, HM Payson & Co. acquired a new position in Apollo Global Management during the fourth quarter worth $45,000. Institutional investors and hedge funds own 77.06% of the company's stock.

Apollo Global Management Stock Up 2.4%

Shares of NYSE APO traded up $3.17 during midday trading on Friday, reaching $133.45. 1,962,680 shares of the company's stock were exchanged, compared to its average volume of 3,936,412. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. The stock has a market capitalization of $76.27 billion, a PE ratio of 18.26, a price-to-earnings-growth ratio of 1.17 and a beta of 1.59. 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's fifty day moving average price is $130.75 and its two-hundred day moving average price is $150.14.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $5.55 billion for the quarter, compared to analyst estimates of $977.14 million. During the same quarter last year, the business earned $1.72 EPS. Apollo Global Management's revenue for the quarter was down 21.2% compared to the same quarter last year. Analysts forecast that Apollo Global Management, Inc. will post 8 EPS for the current year.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Friday, May 16th. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's payout ratio is 35.73%.

Insider Activity 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 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 now directly owns 373,164 shares of the company's stock, valued at $49,470,351.48. This trade represents a 1.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Leon D. Black sold 500,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the completion of the sale, the insider now owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. This trade represents a 1.42% decrease in their position. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of 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 report on Friday, April 4th. Barclays upped their target price on Apollo Global Management from $145.00 to $156.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Cowen reissued a "buy" rating on shares of Apollo Global Management in a research note on Monday, May 5th. UBS Group reduced their target price on Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Finally, Wells Fargo & Company boosted their price target on Apollo Global Management from $158.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. One equities research 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 stock. According to MarketBeat, Apollo Global Management presently has an average rating of "Moderate Buy" and an average price target of $159.00.

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.