U.S. Capital Wealth Advisors LLC grew its position in Apollo Global Management Inc. (NYSE:APO - Free Report) by 25.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,749 shares of the financial services provider's stock after purchasing an additional 2,375 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Apollo Global Management were worth $1,609,000 at the end of the most recent quarter.
Other hedge funds have also modified their holdings of the company. Amundi increased its holdings in shares of Apollo Global Management by 13.2% in the fourth quarter. Amundi now owns 801,260 shares of the financial services provider's stock valued at $129,788,000 after purchasing an additional 93,451 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Apollo Global Management by 245.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,653,160 shares of the financial services provider's stock valued at $438,196,000 after purchasing an additional 1,886,146 shares during the period. Blue Whale Capital LLP acquired a new position in shares of Apollo Global Management in the fourth quarter valued at about $47,400,000. Clearview Wealth Advisors LLC increased its holdings in shares of Apollo Global Management by 420.7% in the first quarter. Clearview Wealth Advisors LLC now owns 21,558 shares of the financial services provider's stock valued at $2,952,000 after purchasing an additional 17,418 shares during the period. Finally, Toronto Dominion Bank increased its holdings in shares of Apollo Global Management by 209.0% in the fourth quarter. Toronto Dominion Bank now owns 162,659 shares of the financial services provider's stock valued at $26,864,000 after purchasing an additional 110,014 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CFO Martin Kelly sold 4,000 shares of Apollo Global Management 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 transaction, the chief financial officer owned 373,164 shares in the company, valued at approximately $49,470,351.48. This trade represents a 1.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 8.50% of the company's stock.
Analyst Ratings Changes
Several analysts recently commented on the company. UBS Group dropped 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. Morgan Stanley dropped their target price on 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. Wells Fargo & Company raised their target price on Apollo Global Management from $158.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, May 23rd. Piper Sandler dropped their target price on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Finally, Cowen reaffirmed a "buy" rating on shares of Apollo Global Management in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Apollo Global Management has an average rating of "Moderate Buy" and an average price target of $159.00.
Check Out Our Latest Research Report on APO
Apollo Global Management Stock Performance
NYSE APO opened at $145.06 on Wednesday. The company has a market cap of $82.90 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 1.47 and a beta of 1.59. The stock's 50 day simple moving average is $136.38 and its 200-day simple moving average is $144.40. Apollo Global Management Inc. has a 1-year low of $95.11 and a 1-year high of $189.49. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.36 and a quick ratio of 1.36.
Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $5.55 billion for the quarter, compared to analysts' expectations of $977.14 million. During the same quarter in the previous year, the business posted $1.72 EPS. The business's quarterly revenue was down 21.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Apollo Global Management Inc. will post 8 EPS for the current fiscal 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 given a dividend of $0.51 per share. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, May 16th. This represents a $2.04 dividend on an annualized basis and a yield of 1.41%. Apollo Global Management's dividend payout ratio (DPR) is presently 35.73%.
Apollo Global Management Company Profile
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Free Report)
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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