J.W. Cole Advisors Inc. Buys 301 Shares of Apollo Global Management, Inc. (NYSE:APO)

J.W. Cole Advisors Inc. raised its stake in Apollo Global Management, Inc. (NYSE:APOGet Rating) by 6.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,200 shares of the financial services provider’s stock after purchasing an additional 301 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Apollo Global Management were worth $322,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. First Pacific Advisors LP grew its stake in Apollo Global Management by 2.4% in the first quarter. First Pacific Advisors LP now owns 8,600 shares of the financial services provider’s stock valued at $533,000 after purchasing an additional 200 shares in the last quarter. Formidable Asset Management LLC lifted its position in shares of Apollo Global Management by 2.8% in the first quarter. Formidable Asset Management LLC now owns 9,427 shares of the financial services provider’s stock valued at $584,000 after buying an additional 256 shares during the last quarter. Integrated Advisors Network LLC lifted its position in shares of Apollo Global Management by 5.7% in the first quarter. Integrated Advisors Network LLC now owns 5,334 shares of the financial services provider’s stock valued at $331,000 after buying an additional 288 shares during the last quarter. Carson Advisory Inc. lifted its position in shares of Apollo Global Management by 5.5% in the first quarter. Carson Advisory Inc. now owns 5,677 shares of the financial services provider’s stock valued at $352,000 after buying an additional 295 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its position in shares of Apollo Global Management by 51.7% in the first quarter. Newbridge Financial Services Group Inc. now owns 880 shares of the financial services provider’s stock valued at $55,000 after buying an additional 300 shares during the last quarter. 69.40% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Walter Joseph Clayton III acquired 5,000 shares of the 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 purchase, the director now directly owns 29,737 shares in the company, valued at $1,667,353.59. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Apollo Global Management news, Director Walter Joseph Clayton III purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The shares were bought at an average price of $56.07 per share, for a total transaction of $280,350.00. Following the purchase, the director now owns 29,737 shares in the company, valued at approximately $1,667,353.59. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Martin Kelly sold 20,000 shares of Apollo Global Management stock in a transaction on 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 completion of the transaction, the chief financial officer now owns 484,275 shares in the company, valued at approximately $29,472,976.50. The disclosure for this sale can be found here. Corporate insiders own 15.40% of the company’s stock.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $53.86 on Wednesday. The stock’s fifty day moving average price is $56.38 and its two-hundred day moving average price is $56.00. Apollo Global Management, Inc. has a one year low of $45.97 and a one year high of $81.07. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $30.75 billion, a PE ratio of -17.32, a price-to-earnings-growth ratio of 0.67 and a beta of 1.64.

Apollo Global Management (NYSE:APOGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The financial services provider reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.04. Apollo Global Management had a positive return on equity of 42.48% and a negative net margin of 44.62%. During the same quarter last year, the firm posted $1.14 EPS. As a group, research analysts expect that Apollo Global Management, Inc. will post 5.17 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Thursday, August 18th were paid 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 2.97%. Apollo Global Management’s dividend payout ratio (DPR) is presently -51.45%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on APO. Oppenheimer raised their price objective on Apollo Global Management from $60.00 to $61.00 and gave the company an “outperform” rating in a research report on Monday, August 8th. Deutsche Bank Aktiengesellschaft cut their price objective on Apollo Global Management from $91.00 to $87.00 in a research report on Friday, August 12th. Morgan Stanley raised their price objective on Apollo Global Management from $60.00 to $61.00 and gave the company an “equal weight” rating in a research report on Monday, August 15th. Barclays began coverage on Apollo Global Management in a research report on Wednesday, August 31st. They issued an “overweight” rating and a $70.00 price objective for the company. Finally, Wells Fargo & Company dropped their price target on Apollo Global Management from $73.00 to $66.00 and set an “overweight” rating for the company in a report on Wednesday, July 13th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.72.

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.

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

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