Wealthcare Advisory Partners LLC Purchases 215 Shares of Apollo Global Management, Inc. (NYSE:APO)

Wealthcare Advisory Partners LLC increased its stake in Apollo Global Management, Inc. (NYSE:APO) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,466 shares of the financial services provider’s stock after purchasing an additional 215 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Apollo Global Management were worth $5,225,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Future Financial Wealth Managment LLC bought a new position in Apollo Global Management in the 1st quarter worth approximately $112,000. Atlas Capital Advisors LLC grew its holdings in Apollo Global Management by 43.3% during the 1st quarter. Atlas Capital Advisors LLC now owns 2,984 shares of the financial services provider’s stock worth $336,000 after acquiring an additional 902 shares during the period. CIC Wealth LLC grew its holdings in Apollo Global Management by 16.5% during the 1st quarter. CIC Wealth LLC now owns 13,681 shares of the financial services provider’s stock worth $1,538,000 after acquiring an additional 1,935 shares during the period. Kingswood Wealth Advisors LLC grew its holdings in Apollo Global Management by 10.8% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 3,255 shares of the financial services provider’s stock worth $366,000 after acquiring an additional 318 shares during the period. Finally, Riverview Trust Co acquired a new stake in Apollo Global Management during the 1st quarter worth $45,000. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Down 0.4 %

NYSE APO traded down $0.46 during mid-day trading on Thursday, reaching $117.60. 189,581 shares of the stock were exchanged, compared to its average volume of 2,313,428. Apollo Global Management, Inc. has a one year low of $73.77 and a one year high of $119.69. The stock has a 50 day simple moving average of $113.92 and a 200-day simple moving average of $107.62. The stock has a market cap of $66.82 billion, a P/E ratio of 13.08, a P/E/G ratio of 0.98 and a beta of 1.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.60 and a quick ratio of 1.60.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.21). The company had revenue of $839.00 million during the quarter, compared to analyst estimates of $827.33 million. Apollo Global Management had a return on equity of 19.12% and a net margin of 16.27%. On average, analysts anticipate that Apollo Global Management, Inc. will post 7.14 EPS for the current year.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a $0.463 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 1.57%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, May 16th. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.49%.

Insider Activity

In other news, CFO Martin Kelly sold 30,000 shares of Apollo Global Management stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $111.29, for a total transaction of $3,338,700.00. Following the completion of the transaction, the chief financial officer now directly owns 359,445 shares in the company, valued at $40,002,634.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 8.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on APO shares. BMO Capital Markets boosted their price target on shares of Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Jefferies Financial Group decreased their price target on shares of Apollo Global Management from $119.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, May 9th. Keefe, Bruyette & Woods upped their price target on shares of Apollo Global Management from $122.00 to $131.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Barclays decreased their price target on shares of Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd. Finally, JMP Securities restated a “market perform” rating on shares of Apollo Global Management in a research report on Tuesday, April 9th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus price target of $115.62.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.