Wealthcare Advisory Partners LLC Lowers Position in Apollo Global Management, Inc. (NYSE:APO)

Wealthcare Advisory Partners LLC reduced its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 2.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,251 shares of the financial services provider’s stock after selling 1,074 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Apollo Global Management were worth $4,310,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of Apollo Global Management by 3.9% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 35,215 shares of the financial services provider’s stock worth $3,161,000 after purchasing an additional 1,334 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in Apollo Global Management by 2.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 95,478 shares of the financial services provider’s stock valued at $8,570,000 after buying an additional 1,860 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Apollo Global Management by 20.5% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 6,874 shares of the financial services provider’s stock worth $617,000 after acquiring an additional 1,170 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Apollo Global Management by 5.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,121,839 shares of the financial services provider’s stock worth $190,456,000 after acquiring an additional 116,062 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Apollo Global Management by 10.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 153,082 shares of the financial services provider’s stock worth $13,741,000 after acquiring an additional 13,885 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Trading Up 1.8 %

Shares of NYSE APO traded up $2.02 during trading on Monday, hitting $111.48. 1,906,351 shares of the company traded hands, compared to its average volume of 2,353,490. The firm has a market capitalization of $63.34 billion, a P/E ratio of 12.12, a P/E/G ratio of 0.92 and a beta of 1.61. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average price of $111.11 and a 200-day moving average price of $100.14. Apollo Global Management, Inc. has a 1 year low of $59.89 and a 1 year high of $117.15.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. The firm had revenue of $795.00 million during the quarter, compared to the consensus estimate of $823.27 million. Apollo Global Management had a return on equity of 20.77% and a net margin of 16.27%. On average, equities analysts predict that Apollo Global Management, Inc. will post 7.43 EPS for the current year.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a dividend of $0.463 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.66%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, May 16th. Apollo Global Management’s payout ratio is 19.05%.

Analyst Ratings Changes

APO has been the subject of a number of research analyst reports. JMP Securities restated a “market perform” rating on shares of Apollo Global Management in a research report on Tuesday, April 9th. BMO Capital Markets lifted their target price on shares of Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Keefe, Bruyette & Woods increased 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 report on Thursday, March 7th. Evercore ISI lifted their price objective on Apollo Global Management from $120.00 to $128.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Morgan Stanley increased their target price on Apollo Global Management from $94.00 to $99.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $114.31.

Insiders Place Their Bets

In other news, insider Leon D. Black sold 500,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $111.44, for a total value of $55,720,000.00. Following the transaction, the insider now owns 44,104,773 shares of the company’s stock, valued at approximately $4,915,035,903.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Leon D. Black sold 500,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $111.44, for a total transaction of $55,720,000.00. Following the transaction, the insider now directly owns 44,104,773 shares of the company’s stock, valued at approximately $4,915,035,903.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 14,000 shares of Apollo Global Management stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $109.09, for a total value of $1,527,260.00. Following the sale, the chief financial officer now directly owns 366,572 shares in the company, valued at $39,989,339.48. The disclosure for this sale can be found here. Insiders sold a total of 1,426,000 shares of company stock worth $158,226,960 over the last ninety days. 8.70% of the stock is owned by company insiders.

Apollo Global Management Profile

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.