Apollo Global Management, Inc. (NYSE:APO) Shares Bought by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC grew its position in Apollo Global Management, Inc. (NYSE:APO) by 1.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,268 shares of the financial services provider’s stock after acquiring an additional 573 shares during the period. Apollo Global Management comprises approximately 1.1% of Wellington Shields Capital Management LLC’s investment portfolio, making the stock its 18th biggest position. Wellington Shields Capital Management LLC’s holdings in Apollo Global Management were worth $6,053,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Los Angeles Capital Management LLC raised its holdings in Apollo Global Management by 112.3% in the 1st quarter. Los Angeles Capital Management LLC now owns 1,045,422 shares of the financial services provider’s stock worth $117,558,000 after purchasing an additional 552,893 shares during the period. Principal Financial Group Inc. lifted its position in shares of Apollo Global Management by 287.5% during the 4th quarter. Principal Financial Group Inc. now owns 307,786 shares of the financial services provider’s stock valued at $28,683,000 after buying an additional 228,367 shares in the last quarter. Wells Fargo & Company MN grew its stake in Apollo Global Management by 5.6% in the 4th quarter. Wells Fargo & Company MN now owns 950,731 shares of the financial services provider’s stock valued at $88,599,000 after acquiring an additional 50,008 shares during the period. CenterBook Partners LP increased its holdings in Apollo Global Management by 59.9% in the 4th quarter. CenterBook Partners LP now owns 20,739 shares of the financial services provider’s stock worth $1,933,000 after acquiring an additional 7,769 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Apollo Global Management by 49.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 52,576 shares of the financial services provider’s stock worth $4,900,000 after acquiring an additional 17,361 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Argus dropped their target price on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. Redburn Partners began coverage on Apollo Global Management in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective on the stock. TD Cowen boosted their price objective on Apollo Global Management from $146.00 to $147.00 and gave the stock a “buy” rating in a research note on Monday, July 8th. StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Finally, Jefferies Financial Group dropped their price target on Apollo Global Management from $119.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management has an average rating of “Moderate Buy” and an average price target of $128.19.

Apollo Global Management Trading Up 1.1 %

Apollo Global Management stock traded up $1.18 during midday trading on Friday, hitting $110.03. 81,929 shares of the stock were exchanged, compared to its average volume of 2,490,351. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $62.51 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 1.19 and a beta of 1.59. The stock’s 50-day simple moving average is $114.69 and its 200 day simple moving average is $113.43. Apollo Global Management, Inc. has a fifty-two week low of $77.11 and a fifty-two week high of $126.45.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. The firm had revenue of $6.02 billion for the quarter, compared to analyst estimates of $873.18 million. During the same quarter in the prior year, the business earned $1.54 EPS. On average, equities analysts anticipate that Apollo Global Management, Inc. will post 6.68 EPS for the current year.

Apollo Global Management Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.68%. The ex-dividend date was Friday, August 16th. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.49%.

Insider Transactions at Apollo Global Management

In related news, Director Pauline Richards acquired 2,351 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, August 6th. The shares were purchased at an average cost of $104.92 per share, for a total transaction of $246,666.92. Following the acquisition, the director now owns 85,854 shares in the company, valued at $9,007,801.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Company 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.