Clear Trail Advisors LLC Makes New Investment in Apollo Global Management Inc. $APO

Clear Trail Advisors LLC bought a new stake in shares of Apollo Global Management Inc. (NYSE:APOFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 13,213 shares of the financial services provider’s stock, valued at approximately $1,913,000.

A number of other large investors have also recently made changes to their positions in the stock. Delos Wealth Advisors LLC purchased a new position in shares of Apollo Global Management during the second quarter valued at approximately $25,000. Atlantic Union Bankshares Corp lifted its position in Apollo Global Management by 99.0% during the third quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 99 shares during the period. Sound Income Strategies LLC purchased a new stake in Apollo Global Management in the third quarter worth approximately $28,000. SJS Investment Consulting Inc. boosted its holdings in Apollo Global Management by 1,123.5% in the third quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 191 shares during the last quarter. Finally, Nemes Rush Group LLC bought a new stake in Apollo Global Management in the 2nd quarter worth approximately $30,000. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management News Summary

Here are the key news stories impacting Apollo Global Management this week:

Wall Street Analyst Weigh In

APO has been the topic of several research analyst reports. TD Cowen reissued a “buy” rating on shares of Apollo Global Management in a report on Thursday, February 12th. Piper Sandler reaffirmed an “overweight” rating and issued a $165.00 price objective on shares of Apollo Global Management in a report on Tuesday, February 10th. Argus upgraded Apollo Global Management to a “strong-buy” rating in a research report on Thursday, February 19th. Wolfe Research reissued an “outperform” rating on shares of Apollo Global Management in a report on Wednesday, January 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Global Management in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus target price of $159.47.

Get Our Latest Report on APO

Apollo Global Management Trading Down 1.2%

Shares of Apollo Global Management stock opened at $110.60 on Tuesday. Apollo Global Management Inc. has a 1-year low of $99.56 and a 1-year high of $157.28. The company’s fifty day simple moving average is $122.78 and its 200-day simple moving average is $130.83. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market capitalization of $63.96 billion, a PE ratio of 20.04, a P/E/G ratio of 0.90 and a beta of 1.61.

Apollo Global Management (NYSE:APOGet Free Report) last posted its quarterly earnings data on Monday, February 9th. The financial services provider reported $2.47 EPS for the quarter, topping the consensus estimate of $2.04 by $0.43. Apollo Global Management had a return on equity of 15.25% and a net margin of 10.90%.During the same period last year, the business posted $2.39 earnings per share. Apollo Global Management’s revenue for the quarter was up .8% on a year-over-year basis. As a group, equities analysts anticipate that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Announces Dividend

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

Apollo Global Management Company Profile

(Free Report)

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.

Further Reading

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:APOFree Report).

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.