EverSource Wealth Advisors LLC Purchases 200,029 Shares of Apollo Global Management Inc. $APO

EverSource Wealth Advisors LLC boosted its position in shares of Apollo Global Management Inc. (NYSE:APO) by 27,104.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 200,767 shares of the financial services provider’s stock after acquiring an additional 200,029 shares during the period. Apollo Global Management accounts for 1.1% of EverSource Wealth Advisors LLC’s holdings, making the stock its 20th biggest position. EverSource Wealth Advisors LLC’s holdings in Apollo Global Management were worth $26,756,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Apollo Global Management by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 47,419,652 shares of the financial services provider’s stock valued at $6,319,617,000 after purchasing an additional 1,377,545 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Apollo Global Management by 1.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,050,164 shares of the financial services provider’s stock valued at $432,727,000 after buying an additional 36,866 shares in the last quarter. Bank of New York Mellon Corp increased its position in Apollo Global Management by 2.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,451,537 shares of the financial services provider’s stock valued at $326,716,000 after buying an additional 48,053 shares in the last quarter. Bessemer Group Inc. raised its stake in Apollo Global Management by 31.1% in the third quarter. Bessemer Group Inc. now owns 1,617,228 shares of the financial services provider’s stock valued at $215,530,000 after buying an additional 383,198 shares during the last quarter. Finally, Amundi boosted its holdings in Apollo Global Management by 68.9% in the second quarter. Amundi now owns 1,311,102 shares of the financial services provider’s stock worth $187,199,000 after acquiring an additional 534,904 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Stock Down 5.1%

APO stock opened at $113.58 on Tuesday. The company has a market capitalization of $65.92 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 1.04 and a beta of 1.57. Apollo Global Management Inc. has a 12 month low of $102.58 and a 12 month high of $157.28. The firm’s fifty day simple moving average is $138.03 and its 200-day simple moving average is $134.84. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.31 and a quick ratio of 1.49.

Apollo Global Management (NYSE:APO) last posted its earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.43. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. The company had revenue of $9.86 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the firm posted $2.39 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis. As a group, equities research analysts forecast that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 19th will be paid a $0.51 dividend. The ex-dividend date is Thursday, February 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.8%. Apollo Global Management’s dividend payout ratio is presently 36.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on APO shares. The Goldman Sachs Group restated a “buy” rating and set a $165.00 price target on shares of Apollo Global Management in a research note on Monday, February 9th. JPMorgan Chase & Co. dropped their target price on shares of Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 10th. Weiss Ratings restated a “hold (c)” rating on shares of Apollo Global Management in a research note on Monday, December 29th. Royal Bank Of Canada began coverage on shares of Apollo Global Management in a research note on Monday. They set a “sector perform” rating and a $142.00 price objective for the company. Finally, UBS Group dropped their price objective on shares of Apollo Global Management from $182.00 to $152.00 and set a “buy” rating on the stock in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $161.27.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 6,000 shares of Apollo Global Management stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $131.41, for a total transaction of $788,460.00. Following the completion of the transaction, the chief financial officer directly owned 325,604 shares in the company, valued at approximately $42,787,621.64. This trade represents a 1.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.50% of the stock is currently owned by company insiders.

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.