Quotient Wealth Partners LLC Grows Stock Position in Apollo Global Management Inc. $APO

Quotient Wealth Partners LLC boosted its position in Apollo Global Management Inc. (NYSE:APO) by 5.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,757 shares of the financial services provider’s stock after buying an additional 132 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Apollo Global Management were worth $391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of APO. GAMMA Investing LLC increased its position in Apollo Global Management by 61.8% in the first quarter. GAMMA Investing LLC now owns 4,478 shares of the financial services provider’s stock worth $613,000 after buying an additional 1,710 shares during the last quarter. CWA Asset Management Group LLC increased its position in Apollo Global Management by 13.4% in the first quarter. CWA Asset Management Group LLC now owns 3,987 shares of the financial services provider’s stock worth $546,000 after buying an additional 472 shares during the last quarter. ORG Partners LLC increased its position in Apollo Global Management by 285.0% in the first quarter. ORG Partners LLC now owns 231 shares of the financial services provider’s stock worth $32,000 after buying an additional 171 shares during the last quarter. Riverwater Partners LLC increased its position in Apollo Global Management by 5.1% in the first quarter. Riverwater Partners LLC now owns 2,065 shares of the financial services provider’s stock worth $283,000 after buying an additional 100 shares during the last quarter. Finally, Perfromance Wealth Partners LLC increased its position in Apollo Global Management by 11.4% in the first quarter. Perfromance Wealth Partners LLC now owns 6,923 shares of the financial services provider’s stock worth $948,000 after buying an additional 707 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $121.55 on Friday. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $189.49. The business has a 50-day simple moving average of $134.27 and a 200 day simple moving average of $135.69. 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 stock has a market cap of $69.53 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 1.39 and a beta of 1.68.

Apollo Global Management (NYSE:APO) last posted its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.84 by $0.08. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.The business had revenue of $6,550,000 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the business earned $1.64 earnings per share. On average, research analysts forecast that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, August 18th. Apollo Global Management’s payout ratio is presently 38.13%.

Insiders Place Their Bets

In other Apollo Global Management news, insider Whitney Chatterjee sold 4,500 shares of Apollo Global Management stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total transaction of $657,135.00. Following the completion of the sale, the insider owned 83,192 shares of the company’s stock, valued at $12,148,527.76. The trade was a 5.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Martin Kelly sold 15,500 shares of Apollo Global Management stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total value of $2,249,205.00. Following the sale, the chief financial officer directly owned 332,399 shares of the company’s stock, valued at approximately $48,234,418.89. This trade represents a 4.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 935,000 shares of company stock valued at $125,543,790 over the last 90 days. Insiders own 8.20% of the company’s stock.

Analyst Ratings Changes

APO has been the subject of a number of recent research reports. BMO Capital Markets initiated coverage on Apollo Global Management in a research report on Friday, October 3rd. They issued a “market perform” rating and a $132.00 target price for the company. Evercore ISI lifted their price target on Apollo Global Management from $155.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Citigroup reduced their price target on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Piper Sandler reiterated an “overweight” rating on shares of Apollo Global Management in a research report on Tuesday, October 7th. Finally, Barclays reduced their price target on Apollo Global Management from $168.00 to $147.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $161.14.

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.