FFT Wealth Management LLC Has $255,000 Holdings in Apollo Global Management, Inc. (NYSE:APO)

FFT Wealth Management LLC trimmed its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 11.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,737 shares of the financial services provider’s stock after selling 363 shares during the period. FFT Wealth Management LLC’s holdings in Apollo Global Management were worth $255,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC grew its holdings in Apollo Global Management by 18.9% during the third quarter. FMR LLC now owns 9,948,454 shares of the financial services provider’s stock worth $892,973,000 after purchasing an additional 1,584,201 shares during the period. PointState Capital LP acquired a new position in shares of Apollo Global Management during the third quarter worth $98,382,000. Westfield Capital Management Co. LP acquired a new position in shares of Apollo Global Management during the third quarter worth $73,840,000. Keystone Investors PTE Ltd. bought a new stake in shares of Apollo Global Management in the third quarter worth $54,355,000. Finally, Federated Hermes Inc. grew its stake in shares of Apollo Global Management by 45.6% in the third quarter. Federated Hermes Inc. now owns 1,351,609 shares of the financial services provider’s stock worth $121,320,000 after purchasing an additional 423,538 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Trading Up 3.1 %

Shares of APO traded up $3.36 during trading hours on Thursday, hitting $111.13. 1,341,343 shares of the stock traded hands, compared to its average volume of 2,301,721. Apollo Global Management, Inc. has a 1-year low of $57.50 and a 1-year high of $117.15. The business has a fifty day moving average of $111.17 and a 200-day moving average of $99.67. The firm has a market capitalization of $63.14 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 0.91 and a beta of 1.61. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.34.

Apollo Global Management (NYSE:APO) last announced its earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. Apollo Global Management had a return on equity of 20.33% and a net margin of 15.86%. The company had revenue of $795.00 million for the quarter, compared to analyst estimates of $823.27 million. Analysts expect that Apollo Global Management, Inc. will post 7.43 EPS for the current year.

Apollo Global Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 20th were paid a $0.43 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.72 annualized dividend and a yield of 1.55%. Apollo Global Management’s payout ratio is 20.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on APO shares. Keefe, Bruyette & Woods increased their price objective on shares of Apollo Global Management from $122.00 to $131.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Morgan Stanley lifted their target price on shares of Apollo Global Management from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Citigroup boosted their price objective on shares of Apollo Global Management from $111.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 13th. JPMorgan Chase & Co. boosted their price objective on shares of Apollo Global Management from $122.00 to $123.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 24th. Finally, BMO Capital Markets upped their target price on shares of Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average price target of $113.33.

Insider Transactions at Apollo Global Management

In other news, insider Leon D. Black sold 450,000 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $110.71, for a total transaction of $49,819,500.00. Following the completion of the sale, the insider now directly owns 42,604,773 shares in the company, valued at $4,716,774,418.83. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Whitney Chatterjee sold 12,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $111.10, for a total value of $1,333,200.00. Following the sale, the insider now directly owns 123,901 shares of the company’s stock, valued at approximately $13,765,401.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Leon D. Black sold 450,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $110.71, for a total transaction of $49,819,500.00. Following the transaction, the insider now directly owns 42,604,773 shares in the company, valued at $4,716,774,418.83. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,426,000 shares of company stock valued at $158,226,960. 8.70% of the stock is currently owned by company insiders.

About Apollo Global Management

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.