Apollo Global Management Inc. $APO Shares Purchased by Mmbg Investment Advisors CO.

Mmbg Investment Advisors CO. increased its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 16.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 28,209 shares of the financial services provider’s stock after buying an additional 3,970 shares during the period. Mmbg Investment Advisors CO.’s holdings in Apollo Global Management were worth $4,084,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of APO. Atlantic Union Bankshares Corp grew its position in shares of 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 valued at $27,000 after acquiring an additional 99 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Apollo Global Management during the 4th quarter valued at about $29,000. Physician Wealth Advisors Inc. grew its position in shares of 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 valued at $38,000 after acquiring an additional 96 shares during the period. City Holding Co. grew its position in shares of Apollo Global Management by 391.9% during the 4th quarter. City Holding Co. now owns 305 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 243 shares during the period. Finally, Center for Financial Planning Inc. acquired a new stake in shares of Apollo Global Management during the 3rd quarter valued at about $50,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on APO. Royal Bank Of Canada lifted their price objective on Apollo Global Management from $139.00 to $146.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Argus upgraded Apollo Global Management to a “strong-buy” rating in a report on Thursday, February 19th. Morgan Stanley lowered their price objective on Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Weiss Ratings cut Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Finally, BMO Capital Markets lowered their price objective on Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating on the stock in a report on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $150.38.

Apollo Global Management Price Performance

APO opened at $128.50 on Tuesday. The stock’s 50-day moving average price is $119.37 and its 200 day moving average price is $127.97. Apollo Global Management Inc. has a 12-month low of $99.56 and a 12-month high of $157.28. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. The firm has a market cap of $74.08 billion, a price-to-earnings ratio of 81.85, a PEG ratio of 1.08 and a beta of 1.52.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the prior year, the company earned $1.82 earnings per share. The company’s revenue was down 8.8% on a year-over-year basis. As a group, sell-side analysts expect that Apollo Global Management Inc. will post 8.29 earnings per share for the current year.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be issued a $0.5625 dividend. This represents a $2.25 annualized dividend and a yield of 1.8%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Tuesday, May 19th. Apollo Global Management’s dividend payout ratio is currently 143.31%.

About Apollo Global Management

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.