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

Williams Jones Wealth Management LLC. boosted its holdings in Apollo Global Management, Inc. (NYSE:APOGet Rating) by 1.5% during the first quarter, HoldingsChannel.com reports. The fund 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.’s holdings in Apollo Global Management were worth $20,329,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Byrne Asset Management LLC bought a new position in Apollo Global Management in the fourth quarter worth about $25,000. Clearstead Advisors LLC bought a new position in Apollo Global Management in the fourth quarter worth about $27,000. Parkside Financial Bank & Trust lifted its holdings in Apollo Global Management by 7,183.3% in the first quarter. Parkside Financial Bank & Trust now owns 437 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 431 shares during the last quarter. McIlrath & Eck LLC bought a new position in Apollo Global Management in the first quarter worth about $28,000. Finally, Zions Bancorporation N.A. bought a new stake in shares of Apollo Global Management during the first quarter valued at approximately $30,000. Institutional investors own 69.40% of the company’s stock.

Insiders Place Their Bets

In other Apollo Global Management news, Director Walter Joseph Clayton III purchased 5,000 shares of the firm’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 completion of the transaction, the director now owns 29,737 shares in the company, valued at approximately $1,667,353.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 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 completion of the transaction, the director now owns 29,737 shares in the company, valued at approximately $1,667,353.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Martin Kelly sold 20,000 shares of Apollo Global Management stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $60.86, for a total transaction 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. 15.40% of the stock is currently owned by company insiders.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $58.11 on Friday. Apollo Global Management, Inc. has a 12 month low of $45.97 and a 12 month high of $81.07. The stock has a market cap of $33.18 billion, a price-to-earnings ratio of -18.68, a PEG ratio of 0.69 and a beta of 1.64. The stock’s 50 day moving average price is $55.61 and its 200 day moving average price is $56.42. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.85 and a quick ratio of 0.85.

Apollo Global Management (NYSE:APOGet Rating) last announced its earnings results on Thursday, August 4th. The financial services provider reported $1.06 EPS for the quarter, topping the consensus estimate 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 in the previous year, the business earned $1.14 EPS. Equities research analysts anticipate that Apollo Global Management, Inc. will post 5.17 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 Wednesday, August 31st. Shareholders of record on Thursday, August 18th were given a $0.40 dividend. The ex-dividend date was Wednesday, August 17th. This represents a $1.60 annualized dividend and a yield of 2.75%. Apollo Global Management’s dividend payout ratio (DPR) is -51.45%.

Analyst Upgrades and Downgrades

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

See Also

Want to see what other hedge funds are holding APO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Global Management, Inc. (NYSE:APOGet Rating).

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

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