Apollo Global Management, Inc. (NYSE:APO) Shares Bought by Williams Jones Wealth Management LLC.

Williams Jones Wealth Management LLC. increased its holdings in shares of Apollo Global Management, Inc. (NYSE:APOGet Rating) by 1.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 327,948 shares of the financial services provider’s stock after acquiring an additional 4,922 shares during the period. Williams Jones Wealth Management LLC. owned approximately 0.06% of Apollo Global Management worth $20,329,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in Apollo Global Management by 87.8% in the 1st quarter. Vanguard Group Inc. now owns 37,374,072 shares of the financial services provider’s stock valued at $2,316,818,000 after buying an additional 17,476,830 shares in the last quarter. BlackRock Inc. boosted its holdings in Apollo Global Management by 32.6% during the 1st quarter. BlackRock Inc. now owns 24,262,978 shares of the financial services provider’s stock valued at $1,504,064,000 after acquiring an additional 5,958,763 shares during the period. Clearbridge Investments LLC boosted its holdings in Apollo Global Management by 1.0% during the 1st quarter. Clearbridge Investments LLC now owns 7,859,123 shares of the financial services provider’s stock valued at $487,187,000 after acquiring an additional 78,795 shares during the period. Invesco Ltd. boosted its holdings in Apollo Global Management by 1.6% during the 4th quarter. Invesco Ltd. now owns 7,080,218 shares of the financial services provider’s stock valued at $512,820,000 after acquiring an additional 109,087 shares during the period. Finally, Mariner LLC acquired a new stake in Apollo Global Management in the 1st quarter valued at about $353,603,000. 69.40% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Price Performance

APO opened at $58.11 on Friday. The company’s 50 day simple moving average is $55.61 and its 200 day simple moving average is $56.42. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.85 and a current ratio of 0.85. Apollo Global Management, Inc. has a 1 year low of $45.97 and a 1 year high of $81.07. The stock has a market capitalization of $33.18 billion, a PE ratio of -18.68, a P/E/G ratio of 0.69 and a beta of 1.64.

Apollo Global Management (NYSE:APOGet Rating) last released its earnings results on Thursday, August 4th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.04. Apollo Global Management had a negative net margin of 44.62% and a positive return on equity of 42.48%. During the same period in the previous year, the firm earned $1.14 EPS. As a group, sell-side analysts expect that Apollo Global Management, Inc. will post 5.17 EPS for the current year.

Apollo Global Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Thursday, August 18th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $1.60 dividend on an annualized basis and a yield of 2.75%. Apollo Global Management’s dividend payout ratio (DPR) is -51.45%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on APO shares. Morgan Stanley raised their target price on Apollo Global Management from $60.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Monday, August 15th. Oppenheimer raised their target price on shares of Apollo Global Management from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Monday, August 8th. Wells Fargo & Company cut their price target on shares of Apollo Global Management from $73.00 to $66.00 and set an “overweight” rating for the company in a report on Wednesday, July 13th. Barclays began coverage on shares of Apollo Global Management in a report on Wednesday, August 31st. They issued an “overweight” rating and a $70.00 price target for the company. Finally, StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Wednesday, May 18th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.72.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 20,000 shares of Apollo Global Management stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $60.86, for a total transaction of $1,217,200.00. Following the transaction, the chief financial officer now directly owns 484,275 shares of the company’s stock, valued at $29,472,976.50. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director Walter Joseph Clayton III acquired 5,000 shares of the business’s stock in a transaction on Tuesday, August 30th. The shares were purchased at an average price of $56.07 per share, for a total transaction of $280,350.00. Following the acquisition, the director now directly owns 29,737 shares of the company’s stock, valued at approximately $1,667,353.59. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin Kelly sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $60.86, for a total value of $1,217,200.00. Following the sale, the chief financial officer now owns 484,275 shares of the company’s stock, valued at $29,472,976.50. The disclosure for this sale can be found here. 15.40% of the stock is currently owned by corporate insiders.

About Apollo Global Management

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Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.

See Also

Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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