Private Wealth Partners LLC Has $2.27 Million Stock Position in Apollo Global Management Inc. $APO

Private Wealth Partners LLC raised its stake in Apollo Global Management Inc. (NYSE:APO) by 75.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,015 shares of the financial services provider’s stock after buying an additional 6,870 shares during the period. Private Wealth Partners LLC’s holdings in Apollo Global Management were worth $2,272,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in APO. GW&K Investment Management LLC boosted its position in Apollo Global Management by 84.5% in the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock valued at $26,000 after buying an additional 87 shares in the last quarter. Activest Wealth Management lifted its holdings in shares of 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 purchasing an additional 175 shares during the period. Rosenberg Matthew Hamilton grew its stake in shares of Apollo Global Management by 6,900.0% in the second quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 207 shares during the last quarter. Bay Harbor Wealth Management LLC increased its holdings in Apollo Global Management by 5,200.0% in the second quarter. Bay Harbor Wealth Management LLC now owns 265 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 260 shares during the period. Finally, Rise Advisors LLC bought a new position in Apollo Global Management during the 1st quarter worth $42,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 15,500 shares of Apollo Global Management stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $145.11, for a total value of $2,249,205.00. Following the completion of the sale, the chief financial officer directly owned 332,399 shares of the company’s stock, valued at approximately $48,234,418.89. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Leon D. Black sold 915,000 shares of Apollo Global Management stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the completion of the sale, the insider directly owned 4,526,000 shares of the company’s stock, valued at approximately $606,619,780. This trade represents a 16.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 935,000 shares of company stock valued at $125,543,790. Corporate insiders own 8.50% of the company’s stock.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $126.46 on Tuesday. Apollo Global Management Inc. has a twelve month low of $102.58 and a twelve month high of $189.49. The firm has a fifty day simple moving average of $132.37 and a 200 day simple moving average of $136.16. The company has a market capitalization of $72.34 billion, a PE ratio of 23.64, a P/E/G ratio of 1.42 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.

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

Apollo Global Management Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Evercore ISI raised their target price on Apollo Global Management from $155.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Wells Fargo & Company raised their target price on Apollo Global Management from $160.00 to $173.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. BMO Capital Markets assumed coverage on Apollo Global Management in a research report on Friday, October 3rd. They set a “market perform” rating and a $132.00 target price for the company. Citigroup lowered their target price 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. Finally, Morgan Stanley lowered their target price on shares of Apollo Global Management from $154.00 to $151.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Apollo Global Management has an average rating of “Moderate Buy” and an average target price of $162.57.

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.