Mosley Wealth Management Makes New Investment in Apollo Global Management Inc. $APO

Mosley Wealth Management purchased a new stake in Apollo Global Management Inc. (NYSE:APOFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,893 shares of the financial services provider’s stock, valued at approximately $708,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Apollo Global Management in the 4th quarter valued at approximately $29,000. Physician Wealth Advisors Inc. grew its position in shares of Apollo Global Management by 57.8% in the 4th quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 96 shares during the period. Greykasell Wealth Strategies Inc. acquired a new position in shares of Apollo Global Management in the 4th quarter valued at approximately $42,000. City Holding Co. grew its position in shares of Apollo Global Management by 391.9% in the 4th quarter. City Holding Co. now owns 305 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 243 shares during the period. Finally, Center for Financial Planning Inc. acquired a new position in shares of Apollo Global Management in the 3rd quarter valued at approximately $50,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Trading Up 2.2%

Shares of Apollo Global Management stock opened at $134.01 on Friday. The business has a fifty day simple moving average of $124.53 and a two-hundred day simple moving average of $127.94. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $157.28. The company has a market capitalization of $77.26 billion, a price-to-earnings ratio of 85.36, a P/E/G ratio of 1.13 and a beta of 1.50. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 1.73.

Apollo Global Management (NYSE:APOGet Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.05. The business had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $5.19 billion. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The company’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.82 EPS. Research analysts forecast that Apollo Global Management Inc. will post 8.28 EPS for the current year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were given a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, May 19th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s dividend payout ratio (DPR) is 143.31%.

Insiders Place Their Bets

In other Apollo Global Management news, insider John P. Zito sold 48,644 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the transaction, the insider owned 3,063,696 shares in the company, valued at $400,302,519.36. This trade represents a 1.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.30% of the stock is owned by insiders.

Analysts Set New Price Targets

APO has been the subject of a number of recent research reports. Morgan Stanley reduced their price target on Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Piper Sandler upped their price target on Apollo Global Management from $146.00 to $157.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. The Goldman Sachs Group reduced their price target on Apollo Global Management from $169.00 to $134.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Weiss Ratings downgraded Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Finally, Barclays upped their price target on Apollo Global Management from $125.00 to $131.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $151.23.

View Our Latest Stock Analysis on Apollo Global Management

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Apollo Global Management 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.

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

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