Sandro Wealth Management LLC Takes Position in Apollo Global Management Inc. $APO

Sandro Wealth Management LLC acquired a new stake in shares of Apollo Global Management Inc. (NYSE:APOFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 11,043 shares of the financial services provider’s stock, valued at approximately $1,599,000. Apollo Global Management accounts for about 1.3% of Sandro Wealth Management LLC’s portfolio, making the stock its 28th largest holding.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Apollo Global Management by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 47,760,608 shares of the financial services provider’s stock worth $6,913,826,000 after buying an additional 340,956 shares during the period. Northern Trust Corp boosted its holdings in Apollo Global Management by 7.3% in the 3rd quarter. Northern Trust Corp now owns 4,385,787 shares of the financial services provider’s stock worth $584,494,000 after buying an additional 299,698 shares during the period. Legal & General Group Plc boosted its holdings in Apollo Global Management by 5.7% in the 3rd quarter. Legal & General Group Plc now owns 3,455,982 shares of the financial services provider’s stock worth $460,579,000 after buying an additional 186,292 shares during the period. Bank of New York Mellon Corp boosted its holdings in Apollo Global Management by 2.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,451,537 shares of the financial services provider’s stock worth $326,716,000 after buying an additional 48,053 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in Apollo Global Management by 31.1% in the 3rd quarter. Bessemer Group Inc. now owns 1,617,228 shares of the financial services provider’s stock worth $215,530,000 after buying an additional 383,198 shares during the period. Institutional investors own 77.06% of the company’s stock.

Analyst Ratings Changes

APO has been the subject of several recent analyst reports. Argus raised shares of Apollo Global Management to a “strong-buy” rating in a report on Thursday, February 19th. Royal Bank Of Canada initiated coverage on shares of Apollo Global Management in a report on Monday, February 23rd. They issued a “sector perform” rating and a $142.00 target price for the company. Morgan Stanley dropped their target price on shares of Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Evercore reaffirmed an “outperform” rating on shares of Apollo Global Management in a report on Tuesday, April 21st. Finally, The Goldman Sachs Group dropped their target price on shares of Apollo Global Management from $169.00 to $134.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $149.42.

Read Our Latest Stock Analysis on Apollo Global Management

Apollo Global Management Stock Up 1.4%

Shares of APO stock opened at $130.55 on Friday. The stock has a market cap of $75.49 billion, a P/E ratio of 23.65, a PEG ratio of 1.15 and a beta of 1.52. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $157.28. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.33. The company’s fifty day simple moving average is $112.94 and its two-hundred day simple moving average is $127.26.

Apollo Global Management (NYSE:APOGet Free Report) last announced its quarterly earnings results 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. The business had revenue of $9.86 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.39 EPS. Analysts predict that Apollo Global Management Inc. will post 8.44 EPS for the current fiscal 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 paid a $0.51 dividend. The ex-dividend date was Thursday, February 19th. This represents a $2.04 annualized dividend and a yield of 1.6%. Apollo Global Management’s payout ratio is presently 36.96%.

Apollo Global Management News Roundup

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

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.

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

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