Apollo Global Management Inc. $APO Shares Purchased by Activest Wealth Management

Activest Wealth Management increased its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 875.0% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 195 shares of the financial services provider’s stock after acquiring an additional 175 shares during the period. Activest Wealth Management’s holdings in Apollo Global Management were worth $28,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in Apollo Global Management by 1.4% during the 1st quarter. Principal Financial Group Inc. now owns 550,221 shares of the financial services provider’s stock worth $75,347,000 after acquiring an additional 7,441 shares in the last quarter. Clearview Wealth Advisors LLC raised its position in shares of Apollo Global Management by 420.7% in the 1st quarter. Clearview Wealth Advisors LLC now owns 21,558 shares of the financial services provider’s stock valued at $2,952,000 after purchasing an additional 17,418 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of Apollo Global Management in the 1st quarter valued at approximately $871,000. True North Advisors LLC acquired a new position in shares of Apollo Global Management in the 1st quarter valued at approximately $2,097,000. Finally, Pinnacle Financial Partners Inc raised its position in shares of Apollo Global Management by 4.9% in 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 purchasing an additional 4,341 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 15,500 shares of the stock in a transaction on 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 $48,234,418.89. This trade represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Leon D. Black sold 915,000 shares of the stock in a transaction on Thursday, September 4th. The stock was 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 directly owned 4,526,000 shares of the company’s stock, valued at approximately $606,619,780. The trade was a 16.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 935,000 shares of company stock valued at $125,543,790 over the last three months. Company insiders own 8.20% of the company’s stock.

Analyst Ratings Changes

APO has been the topic of a number of recent analyst reports. Wall Street Zen lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a research report on Wednesday, October 8th. Barclays cut their target price on Apollo Global Management from $168.00 to $147.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 8th. Piper Sandler reaffirmed an “overweight” rating on shares of Apollo Global Management in a research report on Tuesday, October 7th. Finally, BMO Capital Markets assumed coverage on Apollo Global Management in a report on Friday, October 3rd. They issued a “market perform” rating and a $132.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $161.14.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $120.86 on Friday. Apollo Global Management Inc. has a 1-year low of $102.58 and a 1-year high of $189.49. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. The business’s fifty day moving average price is $134.68 and its two-hundred day moving average price is $135.85. The firm has a market capitalization of $69.14 billion, a PE ratio of 22.59, a P/E/G ratio of 1.46 and a beta of 1.68.

Apollo Global Management (NYSE:APO) last issued its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share 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 firm had revenue of $6,550,000 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company earned $1.64 earnings per share. On average, research analysts expect that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were given a $0.51 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.04 annualized dividend and a yield of 1.7%. Apollo Global Management’s dividend payout ratio (DPR) is currently 38.13%.

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.