Schechter Investment Advisors LLC Makes New $564,000 Investment in Apollo Global Management Inc. (NYSE:APO)

Schechter Investment Advisors LLC bought a new stake in Apollo Global Management Inc. (NYSE:APO - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,122 shares of the financial services provider's stock, valued at approximately $564,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fourth Dimension Wealth LLC purchased a new stake in Apollo Global Management in the fourth quarter valued at approximately $25,000. ORG Partners LLC raised its stake in shares of Apollo Global Management by 285.0% during the first quarter. ORG Partners LLC now owns 231 shares of the financial services provider's stock worth $32,000 after acquiring an additional 171 shares in the last quarter. Farmers & Merchants Investments Inc. purchased a new position in shares of Apollo Global Management during the first quarter worth approximately $39,000. Colonial Trust Co SC raised its stake in shares of Apollo Global Management by 29.2% during the fourth quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider's stock worth $58,000 after acquiring an additional 79 shares in the last quarter. Finally, Elequin Capital LP purchased a new position in shares of Apollo Global Management during the fourth quarter worth approximately $58,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Martin Kelly sold 4,000 shares of the business's 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 completion of the transaction, the chief financial officer directly owned 373,164 shares in the company, valued at approximately $49,470,351.48. The trade was a 1.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 8.50% of the company's stock.

Apollo Global Management Stock Performance

Shares of NYSE APO traded up $3.85 during midday trading on Wednesday, hitting $149.57. 1,632,526 shares of the company's stock traded hands, compared to its average volume of 3,937,579. Apollo Global Management Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The stock has a market capitalization of $85.48 billion, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 1.66 and a beta of 1.59. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a fifty day moving average of $137.64 and a 200 day moving average of $143.50.

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 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 for the quarter, compared to analysts' expectations of $977.14 million. During the same period in the previous year, the company earned $1.72 EPS. Apollo Global Management's revenue for the quarter was down 21.2% compared to the same quarter last year. On average, analysts forecast that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, May 16th. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.36%. Apollo Global Management's payout ratio is 35.73%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Raymond James Financial assumed coverage on shares of Apollo Global Management in a research note on Thursday, April 10th. They set a "strong-buy" rating and a $173.00 price target on the stock. Bank of America raised their target price on shares of Apollo Global Management from $186.00 to $190.00 and gave the stock a "buy" rating in a report on Friday, April 4th. Morgan Stanley cut their target price on shares of Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. Citigroup lifted their price target on shares of Apollo Global Management from $160.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Finally, TD Cowen cut their price target on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, two have assigned 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 presently has an average rating of "Moderate Buy" and an average target price 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.