Wealthcare Advisory Partners LLC Has $5.20 Million Stake in Apollo Global Management, Inc. (NYSE:APO)

Wealthcare Advisory Partners LLC reduced its stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 7.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,935 shares of the financial services provider's stock after selling 3,035 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in Apollo Global Management were worth $5,195,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in Apollo Global Management by 64.6% during the 4th quarter. Geode Capital Management LLC now owns 9,413,245 shares of the financial services provider's stock worth $1,550,316,000 after purchasing an additional 3,695,979 shares in the last quarter. Vanguard Group Inc. boosted its position in Apollo Global Management by 8.9% during the fourth quarter. Vanguard Group Inc. now owns 45,135,384 shares of the financial services provider's stock valued at $7,454,560,000 after purchasing an additional 3,691,700 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake 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 buying an additional 1,886,146 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Apollo Global Management by 36.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 6,452,004 shares of the financial services provider's stock valued at $1,065,615,000 after acquiring an additional 1,739,807 shares during the period. Finally, Northern Trust Corp increased its position in Apollo Global Management by 50.0% during the fourth quarter. Northern Trust Corp now owns 4,382,740 shares of the financial services provider's stock worth $723,853,000 after buying an additional 1,460,689 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Analysts Set New Price Targets

APO has been the topic of a number of research analyst reports. Cowen restated a "buy" rating on shares of Apollo Global Management in a research note on Monday, May 5th. Wells Fargo & Company increased their price objective on shares of Apollo Global Management from $158.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, May 23rd. Citigroup reduced their target price on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Raymond James initiated coverage on shares of Apollo Global Management in a research note on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 price target on the stock. Finally, UBS Group lowered their price target on shares of Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Apollo Global Management presently has a consensus rating of "Moderate Buy" and an average target price of $159.00.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 4,000 shares of the company'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 value of $530,280.00. Following the completion of the transaction, the chief financial officer now owns 373,164 shares of the company's stock, valued at $49,470,351.48. This represents a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Lb 2018 Gst Trust bought 607,725 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average price of $111.39 per share, for a total transaction of $67,694,487.75. Following the completion of the transaction, the insider now owns 621,754 shares in the company, valued at $69,257,178.06. This trade represents a 4,331.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 8.50% of the company's stock.

Apollo Global Management Price Performance

NYSE APO traded down $5.95 during midday trading on Friday, hitting $132.16. The company had a trading volume of 4,237,940 shares, compared to its average volume of 3,949,535. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The firm has a 50-day moving average price of $132.32 and a 200-day moving average price of $148.57. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $75.53 billion, a PE ratio of 18.08, a P/E/G ratio of 1.17 and a beta of 1.59.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $977.14 million. During the same quarter in the previous year, the business posted $1.72 EPS. The company's revenue for the quarter was down 21.2% on a year-over-year basis. As a group, analysts anticipate that Apollo Global Management, Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a $0.51 dividend. 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 1.54%. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.46. Apollo Global Management's dividend payout ratio (DPR) is currently 35.73%.

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.