Perigon Wealth Management LLC Acquires 107 Shares of Apollo Global Management, Inc. (NYSE:APO)

Perigon Wealth Management LLC boosted its holdings in Apollo Global Management, Inc. (NYSE:APO) by 4.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,727 shares of the financial services provider’s stock after purchasing an additional 107 shares during the quarter. Perigon Wealth Management LLC’s holdings in Apollo Global Management were worth $254,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Parkside Financial Bank & Trust lifted its position 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 buying an additional 431 shares in the last quarter. Sunbelt Securities Inc. bought a new position in shares of Apollo Global Management during the 1st quarter worth approximately $30,000. Zions Bancorporation N.A. bought a new stake in shares of Apollo Global Management in the 1st quarter worth approximately $30,000. Sugarloaf Wealth Management LLC bought a new stake in shares of Apollo Global Management in the 4th quarter worth approximately $31,000. Finally, Blue Trust Inc. raised its holdings in shares of Apollo Global Management by 151.4% in the 4th quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 221 shares during the period. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Down 0.3 %

APO opened at $107.49 on Thursday. The company has a fifty day moving average price of $111.22 and a 200-day moving average price of $98.22. The firm has a market capitalization of $61.07 billion, a P/E ratio of 12.78, a price-to-earnings-growth ratio of 0.89 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. Apollo Global Management, Inc. has a one year low of $57.50 and a one year high of $117.15.

Apollo Global Management (NYSE:APO) last announced its earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, topping 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 company had revenue of $795.00 million during the quarter, compared to analyst estimates of $823.27 million. Equities research analysts expect that Apollo Global Management, Inc. will post 7.5 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were given a $0.43 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.72 annualized dividend and a yield of 1.60%. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.45%.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 14,000 shares of the company’s stock in a transaction 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 $39,989,339.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Martin Kelly sold 14,000 shares of the company’s stock in a transaction 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 $39,989,339.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James C. Zelter sold 150,000 shares of the company’s 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 completion of the transaction, 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. Over the last ninety days, insiders sold 1,426,000 shares of company stock worth $158,226,960. Corporate insiders own 8.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on APO shares. Wells Fargo & Company lifted their price target on shares of Apollo Global Management from $110.00 to $118.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. BMO Capital Markets lifted their price target on shares of Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. Keefe, Bruyette & Woods lifted their price target on shares of Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Barclays boosted their target price on shares of Apollo Global Management from $122.00 to $133.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Finally, JMP Securities reissued a “market perform” rating on shares of Apollo Global Management in a report on Tuesday, April 9th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.25.

About Apollo Global Management

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.