Wealth Quarterback LLC Invests $544,000 in Apollo Global Management Inc. $APO

Wealth Quarterback LLC acquired a new position in Apollo Global Management Inc. (NYSE:APO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,837 shares of the financial services provider’s stock, valued at approximately $544,000.

Several other large investors have also recently bought and sold shares of APO. GW&K Investment Management LLC increased its holdings in shares of Apollo Global Management by 84.5% during the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 87 shares during the period. Activest Wealth Management grew its position in Apollo Global Management by 875.0% during the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock worth $28,000 after buying an additional 175 shares in the last quarter. Rosenberg Matthew Hamilton increased its stake in Apollo Global Management by 6,900.0% during the second quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 207 shares during the period. Andra AP fonden acquired a new position in Apollo Global Management in the 2nd quarter valued at approximately $31,000. Finally, Bay Harbor Wealth Management LLC lifted its position in shares of Apollo Global Management by 5,200.0% in the 2nd quarter. Bay Harbor Wealth Management LLC now owns 265 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 260 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on APO shares. Weiss Ratings restated a “hold (c)” rating on shares of Apollo Global Management in a research note on Wednesday, October 8th. Piper Sandler restated an “overweight” rating on shares of Apollo Global Management in a research note on Tuesday, October 7th. BMO Capital Markets initiated coverage on shares of Apollo Global Management in a report on Friday, October 3rd. They set a “market perform” rating and a $132.00 price objective for the company. Wall Street Zen raised shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Keefe, Bruyette & Woods increased their price target on shares of Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.

Insiders Place Their Bets

In related news, insider Leon D. Black sold 915,000 shares of the business’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total value 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 document filed with the SEC, which is available at the SEC website. 8.20% of the stock is owned by company insiders.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $132.90 on Wednesday. The business’s fifty day moving average is $130.78 and its two-hundred day moving average is $136.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market cap of $76.02 billion, a P/E ratio of 24.84, a P/E/G ratio of 1.42 and a beta of 1.63. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $189.49.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.24. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.The business had revenue of $9.94 billion during the quarter, compared to analysts’ expectations of $4.92 billion. During the same period in the previous year, the business posted $1.29 earnings per share. The firm’s revenue for the quarter was down 20.9% compared to the same quarter last year. Equities 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 business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Monday, November 17th will be issued a $0.51 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.5%. Apollo Global Management’s dividend payout ratio (DPR) is currently 29.82%.

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.