2,001 Shares in Apollo Global Management, Inc. (NYSE:APO) Bought by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC bought a new stake in shares of Apollo Global Management, Inc. (NYSE:APO) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,001 shares of the financial services provider’s stock, valued at approximately $236,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. DSM Capital Partners LLC acquired a new position in Apollo Global Management in the 4th quarter worth approximately $31,000. True Wealth Design LLC purchased a new stake in shares of Apollo Global Management in the fourth quarter valued at $33,000. Vestmark Advisory Solutions Inc. acquired a new stake in shares of Apollo Global Management in the fourth quarter worth $36,000. Carolinas Wealth Consulting LLC purchased a new position in shares of Apollo Global Management during the fourth quarter valued at $38,000. Finally, J.Safra Asset Management Corp raised its position in Apollo Global Management by 709.3% during the first quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock valued at $39,000 after buying an additional 305 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Activity at Apollo Global Management

In other news, Director Pauline Richards bought 2,351 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was purchased at an average price of $104.92 per share, with a total value of $246,666.92. Following the transaction, the director now directly owns 85,854 shares in the company, valued at $9,007,801.68. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 8.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Apollo Global Management from $129.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Evercore ISI boosted their price objective on shares of Apollo Global Management from $128.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. JPMorgan Chase & Co. upped their price objective on shares of Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. UBS Group lifted their target price on shares of Apollo Global Management from $116.00 to $123.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Apollo Global Management from $134.00 to $141.00 and gave the company an “outperform” rating in a report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $124.64.

Apollo Global Management Stock Down 0.5 %

Shares of NYSE:APO traded down $0.57 on Thursday, reaching $108.71. The company had a trading volume of 1,360,057 shares, compared to its average volume of 2,512,248. The stock has a market capitalization of $61.76 billion, a P/E ratio of 12.02, a P/E/G ratio of 0.95 and a beta of 1.59. The stock has a 50-day moving average price of $115.86 and a 200 day moving average price of $113.21. Apollo Global Management, Inc. has a twelve month low of $77.11 and a twelve month high of $126.45. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.37.

Apollo Global Management (NYSE:APO) last posted its earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.03). Apollo Global Management had a return on equity of 17.97% and a net margin of 21.90%. The company had revenue of $6.02 billion during the quarter, compared to analyst estimates of $873.18 million. During the same quarter last year, the firm posted $1.54 earnings per share. On average, equities analysts expect that Apollo Global Management, Inc. will post 7.09 EPS for the current year.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 16th will be issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Friday, August 16th. Apollo Global Management’s dividend payout ratio is currently 20.49%.

Apollo Global Management 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.