Ameliora Wealth Management Ltd. Grows Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Ameliora Wealth Management Ltd. lifted its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,390 shares of the financial services provider’s stock after purchasing an additional 410 shares during the quarter. Apollo Global Management comprises approximately 1.2% of Ameliora Wealth Management Ltd.’s portfolio, making the stock its 26th biggest position. Ameliora Wealth Management Ltd.’s holdings in Apollo Global Management were worth $2,797,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. FineMark National Bank & Trust grew its holdings in Apollo Global Management by 2.4% during the second quarter. FineMark National Bank & Trust now owns 4,117 shares of the financial services provider’s stock worth $486,000 after acquiring an additional 98 shares during the period. Orion Capital Management LLC grew its holdings in Apollo Global Management by 20.0% in the first quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 100 shares during the last quarter. Valley National Advisers Inc. grew its holdings in Apollo Global Management by 0.9% in the first quarter. Valley National Advisers Inc. now owns 11,519 shares of the financial services provider’s stock valued at $1,295,000 after purchasing an additional 104 shares during the last quarter. Kintegral Advisory LLC grew its holdings in Apollo Global Management by 2.4% in the second quarter. Kintegral Advisory LLC now owns 4,728 shares of the financial services provider’s stock valued at $558,000 after purchasing an additional 109 shares during the last quarter. Finally, Menard Financial Group LLC grew its holdings in Apollo Global Management by 2.0% in the second quarter. Menard Financial Group LLC now owns 5,690 shares of the financial services provider’s stock valued at $672,000 after purchasing an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insider Activity

In related news, Director Pauline Richards bought 2,351 shares of the stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average price of $104.92 per share, for a total transaction of $246,666.92. Following the completion of the purchase, the director now owns 85,854 shares in the company, valued at $9,007,801.68. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.50% of the company’s stock.

Apollo Global Management Trading Up 1.7 %

Shares of Apollo Global Management stock traded up $2.29 during trading hours on Friday, reaching $140.21. The stock had a trading volume of 2,716,659 shares, compared to its average volume of 2,608,363. The firm has a 50 day simple moving average of $116.77 and a two-hundred day simple moving average of $115.81. The firm has a market capitalization of $79.66 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of 1.39 and a beta of 1.62. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. Apollo Global Management, Inc. has a 1 year low of $77.11 and a 1 year high of $140.35.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data 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 firm had revenue of $6.02 billion during the quarter, compared to analysts’ expectations of $873.18 million. Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. During the same quarter last year, the business earned $1.54 earnings per share. As a group, equities research analysts anticipate that Apollo Global Management, Inc. will post 6.66 earnings per share for the current year.

Apollo Global Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.4625 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.32%. Apollo Global Management’s dividend payout ratio (DPR) is currently 20.49%.

Analyst Upgrades and Downgrades

APO has been the topic of several research reports. Barclays upped their target price on Apollo Global Management from $128.00 to $148.00 and gave the company an “overweight” rating in a report on Monday, October 7th. UBS Group increased their price objective on Apollo Global Management from $116.00 to $123.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Redburn Atlantic started coverage on Apollo Global Management in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective on the stock. Keefe, Bruyette & Woods increased their price objective on Apollo Global Management from $134.00 to $141.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. Finally, Wells Fargo & Company increased their price objective on Apollo Global Management from $148.00 to $149.00 and gave the company an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $138.06.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public 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, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.