Miracle Mile Advisors LLC Has $744,000 Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Miracle Mile Advisors LLC lifted its position in shares of Apollo Global Management, Inc. (NYSE:APOFree Report) by 17.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,980 shares of the financial services provider’s stock after purchasing an additional 1,200 shares during the period. Miracle Mile Advisors LLC’s holdings in Apollo Global Management were worth $744,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust increased its stake in shares of Apollo Global Management by 7,183.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 437 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 431 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Apollo Global Management during the 1st quarter worth about $30,000. Zions Bancorporation N.A. acquired a new position in shares of Apollo Global Management during the 1st quarter worth about $30,000. Sugarloaf Wealth Management LLC acquired a new position in Apollo Global Management in the 4th quarter valued at about $31,000. Finally, Blue Trust Inc. grew its stake in Apollo Global Management by 151.4% in the 4th quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock valued at $33,000 after buying an additional 221 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 14,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $109.09, for a total value of $1,527,260.00. Following the completion of the transaction, the chief financial officer now directly owns 366,572 shares in the company, valued at approximately $39,989,339.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO Martin Kelly sold 14,000 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $109.09, for a total transaction of $1,527,260.00. Following the completion of the sale, the chief financial officer now directly owns 366,572 shares in the company, valued at $39,989,339.48. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider James C. Zelter sold 150,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $109.16, for a total transaction of $16,374,000.00. Following the sale, the insider now owns 1,454,588 shares of the company’s stock, valued at $158,782,826.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,426,000 shares of company stock worth $158,226,960. 8.70% of the stock is currently owned by company insiders.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $110.59 on Wednesday. The company has a market cap of $62.83 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 0.85 and a beta of 1.63. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a 50 day simple moving average of $109.06 and a 200 day simple moving average of $96.68. Apollo Global Management, Inc. has a one year low of $57.50 and a one year high of $116.55.

Apollo Global Management (NYSE:APOGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.11. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. The firm had revenue of $795.00 million during the quarter, compared to analysts’ expectations of $823.27 million. Research analysts predict that Apollo Global Management, Inc. will post 7.48 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 1.56%. The ex-dividend date was Friday, February 16th. Apollo Global Management’s dividend payout ratio (DPR) is currently 20.45%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on APO. Barclays upped their price target on shares of Apollo Global Management from $118.00 to $122.00 and gave the company an “overweight” rating in a research note on Monday, February 12th. Morgan Stanley upped their price target on shares of Apollo Global Management from $94.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Keefe, Bruyette & Woods upped their price target on shares of Apollo Global Management from $122.00 to $131.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Citigroup increased their target price on shares of Apollo Global Management from $111.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Finally, TD Cowen initiated coverage on shares of Apollo Global Management in a research report on Thursday, January 4th. They set an “outperform” rating and a $115.00 target price on the stock. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $107.92.

Check Out Our Latest Report on Apollo Global Management

Apollo Global Management Profile

(Free Report)

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.

Featured Articles

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

Receive News & Ratings for Apollo Global Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Global Management and related companies with MarketBeat.com's FREE daily email newsletter.