Clearview Wealth Advisors LLC Has $3.21 Million Stake in Apollo Global Management Inc. $APO

Clearview Wealth Advisors LLC boosted its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 5.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 22,647 shares of the financial services provider’s stock after buying an additional 1,089 shares during the period. Apollo Global Management comprises 2.2% of Clearview Wealth Advisors LLC’s holdings, making the stock its 10th biggest position. Clearview Wealth Advisors LLC’s holdings in Apollo Global Management were worth $3,213,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. grew its position in shares of Apollo Global Management by 1.4% during the first quarter. Principal Financial Group Inc. now owns 550,221 shares of the financial services provider’s stock valued at $75,347,000 after purchasing an additional 7,441 shares in the last quarter. Sowell Financial Services LLC bought a new position in Apollo Global Management during the first quarter valued at approximately $871,000. True North Advisors LLC bought a new position in Apollo Global Management during the first quarter valued at approximately $2,097,000. Pinnacle Financial Partners Inc grew its holdings in Apollo Global Management by 4.9% during the 1st quarter. Pinnacle Financial Partners Inc now owns 92,624 shares of the financial services provider’s stock valued at $12,684,000 after buying an additional 4,341 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its stake in Apollo Global Management by 25.3% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 11,749 shares of the financial services provider’s stock worth $1,609,000 after acquiring an additional 2,375 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Up 0.1%

APO stock opened at $127.76 on Thursday. Apollo Global Management Inc. has a twelve month low of $102.58 and a twelve month high of $189.49. The stock has a market capitalization of $73.08 billion, a price-to-earnings ratio of 23.88, a price-to-earnings-growth ratio of 1.46 and a beta of 1.68. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. The firm’s fifty day simple moving average is $135.09 and its two-hundred day simple moving average is $135.96.

Apollo Global Management (NYSE:APO) last released its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.08. The firm had revenue of $6,550,000 billion during the quarter, compared to analyst estimates of $1.01 billion. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. During the same quarter last year, the business earned $1.64 EPS. As a group, analysts anticipate that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, August 18th. Apollo Global Management’s payout ratio is 38.13%.

Analyst Upgrades and Downgrades

APO has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Apollo Global Management in a research report on Wednesday, October 8th. Wells Fargo & Company increased their price objective on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. BMO Capital Markets assumed coverage on shares of Apollo Global Management in a research note on Friday, October 3rd. They issued a “market perform” rating and a $132.00 price objective for the company. Evercore ISI upped their target price on shares of Apollo Global Management from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $161.14.

Insider Activity

In related news, insider Leon D. Black sold 915,000 shares of the business’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the completion of the transaction, the insider owned 4,526,000 shares in the company, valued at $606,619,780. The trade was a 16.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Whitney Chatterjee sold 4,500 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total value of $657,135.00. Following the completion of the sale, the insider owned 83,192 shares in the company, valued at approximately $12,148,527.76. The trade was a 5.13% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 935,000 shares of company stock valued at $125,543,790. 8.20% of the stock is currently owned by 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.