AdvisorNet Financial Inc Buys 97 Shares of Apollo Global Management, Inc. (NYSE:APO)

AdvisorNet Financial Inc lifted its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 4.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,106 shares of the financial services provider’s stock after buying an additional 97 shares during the quarter. AdvisorNet Financial Inc’s holdings in Apollo Global Management were worth $288,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Quent Capital LLC boosted its position in Apollo Global Management by 2.0% during the 1st quarter. Quent Capital LLC now owns 8,080 shares of the financial services provider’s stock valued at $1,107,000 after acquiring an additional 159 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Apollo Global Management by 37.5% during the first quarter. Versant Capital Management Inc now owns 689 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 188 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Apollo Global Management by 33.9% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,099 shares of the financial services provider’s stock worth $150,000 after purchasing an additional 278 shares during the period. 111 Capital purchased a new stake in Apollo Global Management in the fourth quarter worth $344,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Apollo Global Management by 30.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,477 shares of the financial services provider’s stock worth $1,730,000 after purchasing an additional 2,426 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Stock Down 0.8%

Apollo Global Management stock opened at $130.60 on Monday. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The stock has a fifty day simple moving average of $131.52 and a two-hundred day simple moving average of $150.88. 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 firm has a market cap of $74.64 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 1.17 and a beta of 1.67.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data 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 17.53% and a return on equity of 13.97%. The business had revenue of $5.55 billion for the quarter, compared to analysts’ expectations of $977.14 million. During the same period last year, the business earned $1.72 earnings per share. The company’s quarterly revenue was down 21.2% on a year-over-year basis. Equities analysts predict that Apollo Global Management, Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, May 16th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio (DPR) is presently 35.73%.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 4,000 shares of Apollo Global Management 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 of the company’s stock, valued at approximately $49,470,351.48. The trade was a 1.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Lb 2018 Gst Trust bought 607,725 shares of the firm’s stock in a transaction on Friday, April 4th. The shares were bought at an average price of $111.39 per share, with a total value of $67,694,487.75. Following the completion of the purchase, the insider now owns 621,754 shares in the company, valued at approximately $69,257,178.06. The trade was a 4,331.92% increase in their position. The disclosure for this purchase can be found here. Company insiders own 8.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Raymond James began coverage on shares of Apollo Global Management in a report on Thursday, April 10th. They set a “strong-buy” rating and a $173.00 target price on the stock. Bank of America upped their price objective 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. Barclays raised their target price on shares of Apollo Global Management from $145.00 to $156.00 and gave the company an “overweight” rating in a research note on Monday, May 5th. TD Cowen dropped their price target on Apollo Global Management from $214.00 to $144.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Finally, Keefe, Bruyette & Woods cut their price target on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $159.00.

About Apollo Global Management

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.