SOL Capital Management CO Purchases 9,122 Shares of Apollo Global Management Inc. (NYSE:APO)

SOL Capital Management CO increased its holdings in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 12.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,952 shares of the financial services provider's stock after buying an additional 9,122 shares during the period. Apollo Global Management accounts for about 1.3% of SOL Capital Management CO's investment portfolio, making the stock its 19th biggest holding. SOL Capital Management CO's holdings in Apollo Global Management were worth $11,633,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Fourth Dimension Wealth LLC bought a new stake in shares of Apollo Global Management during the 4th quarter valued at $25,000. ORG Partners LLC grew 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 purchasing an additional 171 shares during the period. Hopwood Financial Services Inc. acquired a new stake in shares of Apollo Global Management during the fourth quarter worth $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in Apollo Global Management in the fourth quarter valued at about $34,000. Finally, Farmers & Merchants Investments Inc. acquired a new position in Apollo Global Management in the first quarter valued at about $39,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

APO has been the subject of several analyst reports. UBS Group decreased their target price on Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Wells Fargo & Company boosted their price objective on shares of Apollo Global Management from $158.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, May 23rd. Piper Sandler lowered their target price 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. Citigroup cut their target price on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Raymond James Financial initiated coverage on shares of Apollo Global Management in a report on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 price target for the company. 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 data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $159.00.

Apollo Global Management Stock Up 1.3%

Shares of APO stock traded up $1.75 on Thursday, hitting $139.48. 2,441,004 shares of the stock were exchanged, compared to its average volume of 3,950,435. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $79.71 billion, a P/E ratio of 24.43, a price-to-earnings-growth ratio of 1.44 and a beta of 1.59. Apollo Global Management Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The business has a 50-day moving average of $133.97 and a 200 day moving average of $146.55.

Apollo Global Management (NYSE:APO - Get Free Report) last released 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 14.59% and a return on equity of 13.45%. The business had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $977.14 million. During the same period last year, the business posted $1.72 EPS. The firm's revenue for the quarter was down 21.2% on a year-over-year basis. Equities analysts anticipate that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.46%. This is a boost 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 is presently 35.73%.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, insider Lb 2018 Gst Trust bought 607,725 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average cost of $111.39 per share, with a total value of $67,694,487.75. Following the acquisition, the insider now owns 621,754 shares of the company's stock, valued at $69,257,178.06. The trade was a 4,331.92% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 4,000 shares of the stock in a transaction on 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 owns 373,164 shares in the company, valued at approximately $49,470,351.48. This trade represents a 1.06% decrease in their position. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by company insiders.

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.