Laird Norton Wetherby Wealth Management LLC Decreases Position in Apollo Global Management, Inc. (NYSE:APO)

Laird Norton Wetherby Wealth Management LLC decreased its stake in Apollo Global Management, Inc. (NYSE:APO) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,408 shares of the financial services provider’s stock after selling 133 shares during the period. Laird Norton Wetherby Wealth Management LLC’s holdings in Apollo Global Management were worth $1,719,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Ellevest Inc. boosted its position in shares of Apollo Global Management by 1.5% in the fourth quarter. Ellevest Inc. now owns 4,451 shares of the financial services provider’s stock worth $735,000 after buying an additional 67 shares during the period. SRS Capital Advisors Inc. boosted its holdings in Apollo Global Management by 2.7% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider’s stock valued at $447,000 after purchasing an additional 71 shares during the last quarter. Tower Wealth Partners Inc. boosted its holdings in Apollo Global Management by 4.4% in the fourth quarter. Tower Wealth Partners Inc. now owns 1,743 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 74 shares during the last quarter. Colonial Trust Co SC boosted its holdings in Apollo Global Management by 29.2% in the fourth quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 79 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in Apollo Global Management by 0.9% in the fourth quarter. Global Retirement Partners LLC now owns 9,924 shares of the financial services provider’s stock valued at $1,639,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, insider Lb 2018 Gst Trust bought 607,725 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the transaction, the insider now directly owns 621,754 shares in the company, valued at $69,257,178.06. The trade was a 4,331.92% increase in their ownership of the stock. The purchase 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 firm’s stock in a transaction that occurred 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 represents a 1.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 509,000 shares of company stock worth $72,321,680 in the last three months. 8.20% of the stock is owned by company insiders.

Apollo Global Management Stock Up 1.2%

Shares of Apollo Global Management stock opened at $145.23 on Wednesday. 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 business’s 50 day simple moving average is $132.09 and its 200-day simple moving average is $152.54. The stock has a market capitalization of $82.85 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 1.17 and a beta of 1.67. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49.

Apollo Global Management (NYSE:APO) last announced its quarterly 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). The company had revenue of $5.55 billion for the quarter, compared to analyst estimates of $977.14 million. Apollo Global Management had a return on equity of 13.97% and a net margin of 17.53%. The firm’s revenue for the quarter was down 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.72 earnings per share. Equities research analysts forecast that Apollo Global Management, Inc. will post 8 earnings per share for the current year.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a $0.51 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Friday, May 16th. Apollo Global Management’s dividend payout ratio (DPR) is currently 35.73%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on APO shares. Wells Fargo & Company reduced their price target on Apollo Global Management from $177.00 to $139.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Raymond James started coverage on 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. Citigroup reduced their price target on Apollo Global Management from $191.00 to $138.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their price target on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Finally, Morgan Stanley reduced 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. 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 company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $157.89.

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.