Apollo Global Management Inc. $APO Shares Purchased by IFP Advisors Inc

IFP Advisors Inc increased its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 75.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,553 shares of the financial services provider’s stock after acquiring an additional 9,715 shares during the quarter. IFP Advisors Inc’s holdings in Apollo Global Management were worth $3,265,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of APO. Schnieders Capital Management LLC. acquired a new stake in shares of Apollo Global Management in the second quarter valued at approximately $7,954,000. Baird Financial Group Inc. increased its stake in shares of Apollo Global Management by 117.5% in the second quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider’s stock valued at $2,287,000 after purchasing an additional 8,709 shares during the period. Gamco Investors INC. ET AL increased its stake in shares of Apollo Global Management by 4.8% in the second quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider’s stock valued at $949,000 after purchasing an additional 305 shares during the period. Nebula Research & Development LLC acquired a new stake in shares of Apollo Global Management in the second quarter valued at approximately $722,000. Finally, Northern Right Capital Management L.P. increased its stake in shares of Apollo Global Management by 1.5% in the second quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider’s stock valued at $24,542,000 after purchasing an additional 2,500 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Argus upgraded shares of Apollo Global Management to a “strong-buy” rating in a research note on Thursday, February 19th. TD Cowen dropped their price target on shares of Apollo Global Management from $155.00 to $146.00 and set a “buy” rating on the stock in a research note on Monday. Weiss Ratings lowered shares of Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Barclays raised their price target on shares of Apollo Global Management from $125.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, BMO Capital Markets dropped their price target on shares of Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $150.38.

Apollo Global Management Stock Down 1.0%

APO opened at $130.98 on Friday. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $157.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.73. The stock’s fifty day moving average is $118.36 and its 200-day moving average is $127.96. The company has a market capitalization of $75.51 billion, a PE ratio of 83.43, a P/E/G ratio of 1.11 and a beta of 1.52.

Apollo Global Management (NYSE:APO) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.05. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The business had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter last year, the business posted $1.82 earnings per share. The company’s quarterly revenue was down 8.8% on a year-over-year basis. On average, equities analysts predict that Apollo Global Management Inc. will post 8.32 EPS for the current fiscal 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 dividend of $0.5625 per share. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. This represents a $2.25 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, May 19th. Apollo Global Management’s dividend payout ratio (DPR) is 143.31%.

Apollo Global Management Profile

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.