Apollo Global Management Inc. $APO Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC boosted its position in Apollo Global Management Inc. (NYSE:APO) by 129.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 272,141 shares of the financial services provider’s stock after purchasing an additional 153,544 shares during the quarter. HighTower Advisors LLC’s holdings in Apollo Global Management were worth $39,395,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APO. Atlantic Union Bankshares Corp boosted its holdings in Apollo Global Management by 99.0% in the third quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 99 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Apollo Global Management in the fourth quarter valued at $29,000. Physician Wealth Advisors Inc. boosted its holdings in Apollo Global Management by 57.8% in the fourth quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 96 shares during the last quarter. City Holding Co. boosted its holdings in Apollo Global Management by 391.9% in the fourth quarter. City Holding Co. now owns 305 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 243 shares during the last quarter. Finally, Center for Financial Planning Inc. acquired a new position in Apollo Global Management in the third quarter valued at $50,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on APO shares. Piper Sandler reduced their target price on Apollo Global Management from $165.00 to $146.00 and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Barclays lifted their target price on Apollo Global Management from $125.00 to $131.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Morgan Stanley reduced their target price on Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Wall Street Zen cut Apollo Global Management from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus price target of $150.38.

Apollo Global Management Trading Down 1.0%

Shares of APO opened at $130.98 on Friday. The stock’s 50-day moving average is $118.36 and its two-hundred day moving average is $127.96. The stock has a market cap of $75.51 billion, a PE ratio of 83.43, a P/E/G ratio of 1.11 and a beta of 1.52. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $157.28. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 1.73.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.05. The company had revenue of $5.06 billion for the quarter, compared to analysts’ expectations of $5.19 billion. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The firm’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.82 earnings per share. Equities analysts forecast that Apollo Global Management Inc. will post 8.32 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th will be paid a dividend of $0.5625 per share. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.51. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, May 19th. Apollo Global Management’s payout ratio is presently 143.31%.

Apollo Global Management Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.