Western Financial Corp CA Sells 8,619 Shares of Apollo Global Management Inc. $APO

Western Financial Corp CA lessened its holdings in Apollo Global Management Inc. (NYSE:APO) by 59.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,964 shares of the financial services provider’s stock after selling 8,619 shares during the quarter. Western Financial Corp CA’s holdings in Apollo Global Management were worth $863,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of APO. Plato Investment Management Ltd grew its stake in Apollo Global Management by 100.3% in the third quarter. Plato Investment Management Ltd now owns 10,888 shares of the financial services provider’s stock valued at $1,440,000 after purchasing an additional 5,452 shares during the last quarter. NEOS Investment Management LLC boosted its stake in Apollo Global Management by 48.7% in the 3rd quarter. NEOS Investment Management LLC now owns 52,506 shares of the financial services provider’s stock worth $6,997,000 after purchasing an additional 17,204 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Apollo Global Management by 11.0% during the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 900,554 shares of the financial services provider’s stock valued at $120,017,000 after purchasing an additional 89,439 shares in the last quarter. Diversified Trust Co grew its holdings in shares of Apollo Global Management by 2,649.9% during the third quarter. Diversified Trust Co now owns 42,238 shares of the financial services provider’s stock valued at $5,629,000 after buying an additional 40,702 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in Apollo Global Management by 60.0% during the 3rd quarter. UMB Bank n.a. now owns 109,672 shares of the financial services provider’s stock worth $14,616,000 after acquiring an additional 41,142 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

APO has been the topic of several research reports. Morgan Stanley increased their price target on shares of Apollo Global Management from $180.00 to $181.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. Piper Sandler restated an “overweight” rating and issued a $165.00 price target on shares of Apollo Global Management in a research note on Tuesday, February 10th. BMO Capital Markets decreased their target price on Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 24th. Argus upgraded shares of Apollo Global Management to a “strong-buy” rating in a research report on Thursday, February 19th. Finally, Wolfe Research reiterated an “outperform” rating on shares of Apollo Global Management in a research note on Wednesday, January 7th. Two investment analysts have 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, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average target price of $155.86.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock opened at $106.93 on Monday. The firm has a market cap of $61.83 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 0.86 and a beta of 1.56. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $157.28. The business’s fifty day simple moving average is $117.00 and its 200-day simple moving average is $129.13. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.33.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data 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. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. The firm had revenue of $9.86 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same period in the prior year, the business posted $2.39 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. Equities analysts forecast that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 19th were issued a dividend of $0.51 per share. The ex-dividend date was Thursday, February 19th. This represents a $2.04 annualized dividend and a yield of 1.9%. Apollo Global Management’s dividend payout ratio is 36.96%.

Apollo Global Management Company 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.