5,831 Shares in Apollo Global Management Inc. $APO Bought by Independent Financial Group LLC

Independent Financial Group LLC bought a new stake in shares of Apollo Global Management Inc. (NYSE:APO) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,831 shares of the financial services provider’s stock, valued at approximately $650,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Kohmann Bosshard Financial Services LLC acquired a new stake in Apollo Global Management during the 4th quarter worth about $29,000. MBM Wealth Consultants LLC purchased a new position in shares of Apollo Global Management during the 1st quarter valued at about $29,000. Steigerwald Gordon & Koch Inc. lifted its holdings in shares of Apollo Global Management by 484.1% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock valued at $29,000 after buying an additional 213 shares during the period. Osbon Capital Management LLC acquired a new position in shares of Apollo Global Management in the 4th quarter valued at about $36,000. Finally, Physician Wealth Advisors Inc. boosted its stake in shares of Apollo Global Management by 57.8% in the fourth quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock worth $38,000 after buying an additional 96 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock opened at $119.16 on Thursday. The firm has a market cap of $68.70 billion, a PE ratio of 75.90, a P/E/G ratio of 1.03 and a beta of 1.50. Apollo Global Management Inc. has a twelve month low of $99.56 and a twelve month high of $153.43. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average price of $126.76 and a 200 day moving average price of $124.34.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.05. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The company had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the prior year, the business posted $1.82 earnings per share. Apollo Global Management’s revenue for the quarter was down 8.8% on a year-over-year basis. Sell-side analysts predict that Apollo Global Management Inc. will post 8.22 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were given a dividend of $0.5625 per share. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, May 19th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.9%. Apollo Global Management’s payout ratio is 143.31%.

Analyst Upgrades and Downgrades

Several research firms recently commented on APO. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. Piper Sandler lowered their price objective on Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday, July 13th. UBS Group lifted their target price on shares of Apollo Global Management from $138.00 to $158.00 and gave the company a “buy” rating in a report on Friday, May 8th. BMO Capital Markets decreased their target price on shares of Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating for the company in a research note on Monday, July 13th. Finally, Royal Bank Of Canada lowered their price target on shares of Apollo Global Management from $146.00 to $137.00 and set a “sector perform” rating on the stock in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $149.08.

Insider Activity

In related news, insider John P. Zito sold 48,644 shares of Apollo Global Management stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total value of $6,355,825.04. Following the sale, the insider owned 3,063,696 shares of the company’s stock, valued at approximately $400,302,519.36. This trade represents a 1.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.30% of the stock is owned by company insiders.

Apollo Global Management Profile

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.