Indivisible Partners Makes New $630,000 Investment in Apollo Global Management Inc. $APO

Indivisible Partners bought a new position in shares of Apollo Global Management Inc. (NYSE:APOFree Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 4,352 shares of the financial services provider’s stock, valued at approximately $630,000.

A number of other large investors have also recently added to or reduced their stakes in APO. Atlantic Union Bankshares Corp increased its holdings in Apollo Global Management by 99.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 99 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Apollo Global Management during the 4th quarter worth about $29,000. Physician Wealth Advisors Inc. increased its holdings in Apollo Global Management by 57.8% during the 4th quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 96 shares in the last quarter. City Holding Co. increased its holdings in Apollo Global Management by 391.9% during the 4th quarter. City Holding Co. now owns 305 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 243 shares in the last quarter. Finally, CX Institutional bought a new position in Apollo Global Management during the 3rd quarter worth about $48,000. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on APO shares. Barclays reduced their price objective on shares of Apollo Global Management from $131.00 to $125.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Evercore restated an “outperform” rating on shares of Apollo Global Management in a research note on Tuesday, April 21st. Morgan Stanley reduced their price objective on shares of Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Wall Street Zen upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. Finally, UBS Group reduced their price objective on shares of Apollo Global Management from $182.00 to $152.00 and set a “buy” rating for the company in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average target price of $149.42.

View Our Latest Stock Analysis on Apollo Global Management

Key Headlines Impacting Apollo Global Management

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

Apollo Global Management Trading Down 0.5%

Shares of NYSE:APO opened at $129.59 on Thursday. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $157.28. The company has a market capitalization of $74.94 billion, a P/E ratio of 23.48, a price-to-earnings-growth ratio of 1.17 and a beta of 1.52. The company has a 50-day simple moving average of $113.47 and a 200 day simple moving average of $127.37. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.31 and a current ratio of 1.31.

Apollo Global Management (NYSE:APOGet Free Report) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.05. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. The business had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same period last year, the business posted $1.82 EPS. Apollo Global Management’s revenue was down 8.8% on a year-over-year basis. Sell-side analysts forecast that Apollo Global Management Inc. will post 8.44 earnings per share for the current year.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be paid a $0.5625 dividend. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. The ex-dividend date is Tuesday, May 19th. This represents a $2.25 annualized dividend and a yield of 1.7%. Apollo Global Management’s dividend payout ratio (DPR) is 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.

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

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