Richard Bernstein Advisors LLC Has $1.49 Million Position in Apollo Global Management Inc. $APO

Richard Bernstein Advisors LLC cut its position in shares of Apollo Global Management Inc. (NYSE:APOFree Report) by 54.5% in the third quarter, Holdings Channel reports. The firm owned 11,144 shares of the financial services provider’s stock after selling 13,325 shares during the period. Richard Bernstein Advisors LLC’s holdings in Apollo Global Management were worth $1,485,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Delos Wealth Advisors LLC bought a new position in shares of Apollo Global Management in the second quarter valued at approximately $25,000. Atlantic Union Bankshares Corp increased its stake in Apollo Global Management by 99.0% during the third 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. Sound Income Strategies LLC acquired a new position in Apollo Global Management in the 3rd quarter valued at approximately $28,000. SJS Investment Consulting Inc. raised its holdings in Apollo Global Management by 1,123.5% in the 3rd quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 191 shares in the last quarter. Finally, Nemes Rush Group LLC bought a new stake in shares of Apollo Global Management in the 2nd quarter worth approximately $30,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

Apollo Global Management stock opened at $108.23 on Wednesday. The firm has a market capitalization of $62.59 billion, a P/E ratio of 19.61, a P/E/G ratio of 0.87 and a beta of 1.61. The stock has a fifty day moving average price of $129.79 and a two-hundred day moving average price of $132.58. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $157.28. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.31 and a quick ratio of 1.31.

Apollo Global Management (NYSE:APOGet Free Report) last announced its earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.43. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. During the same quarter in the previous year, the company posted $2.39 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis. As a group, analysts anticipate that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently announced 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 payout ratio is currently 36.96%.

Apollo Global Management News Roundup

Here are the key news stories impacting Apollo Global Management this week:

Analyst Ratings Changes

APO has been the topic of a number of research reports. Barclays lowered their price objective on Apollo Global Management from $158.00 to $131.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Royal Bank Of Canada started coverage on shares of Apollo Global Management in a research note on Monday, February 23rd. They set a “sector perform” rating and a $142.00 price target on the stock. Piper Sandler restated an “overweight” rating and issued a $165.00 price objective on shares of Apollo Global Management in a research note on Tuesday, February 10th. BMO Capital Markets set a $136.00 price objective on shares of Apollo Global Management and gave the stock a “market perform” rating in a report on Tuesday, November 25th. Finally, UBS Group decreased their target price on shares of Apollo Global Management from $182.00 to $152.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and a consensus target price of $159.47.

Get Our Latest Stock Analysis on Apollo Global Management

Apollo Global Management Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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