Triad Wealth Partners LLC Invests $251,000 in Apollo Global Management, Inc. (NYSE:APO)

Triad Wealth Partners LLC purchased a new position in Apollo Global Management, Inc. (NYSE:APO) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,126 shares of the financial services provider’s stock, valued at approximately $251,000.

Several other institutional investors also recently bought and sold shares of APO. DSM Capital Partners LLC purchased a new stake in shares of Apollo Global Management during the fourth quarter valued at approximately $31,000. J.Safra Asset Management Corp increased its holdings in shares of Apollo Global Management by 709.3% in the 1st quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 305 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of Apollo Global Management in the fourth quarter worth $33,000. Vestmark Advisory Solutions Inc. bought a new position in shares of Apollo Global Management during the fourth quarter valued at $36,000. Finally, Riverview Trust Co bought a new position in shares of Apollo Global Management during the first quarter valued at $45,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Price Performance

Shares of APO stock traded up $0.16 on Friday, hitting $110.99. 1,950,123 shares of the stock traded hands, compared to its average volume of 2,536,742. 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, Inc. has a 52 week low of $77.11 and a 52 week high of $126.45. The firm has a 50 day simple moving average of $116.33 and a two-hundred day simple moving average of $112.95. The firm has a market cap of $63.06 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 0.95 and a beta of 1.59.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). The business had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $873.18 million. Apollo Global Management had a net margin of 21.90% and a return on equity of 17.97%. During the same period in the prior year, the business earned $1.54 earnings per share. As a group, equities research analysts predict that Apollo Global Management, Inc. will post 7.09 earnings per share for the current fiscal year.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be paid a dividend of $0.4625 per share. The ex-dividend date is Friday, August 16th. This represents a $1.85 annualized dividend and a yield of 1.67%. Apollo Global Management’s payout ratio is 20.49%.

Insider Buying and Selling at Apollo Global Management

In other news, Director Pauline Richards bought 2,351 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were bought at an average cost of $104.92 per share, for a total transaction of $246,666.92. Following the completion of the transaction, the director now owns 85,854 shares of the company’s stock, valued at $9,007,801.68. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. boosted their target price on Apollo Global Management from $122.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 24th. TD Cowen increased their price objective on shares of Apollo Global Management from $146.00 to $147.00 and gave the company a “buy” rating in a research report on Monday, July 8th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Apollo Global Management from $129.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday. Jefferies Financial Group decreased their target price on shares of Apollo Global Management from $119.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. Finally, StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $124.62.

Apollo Global Management Company 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.