Wambolt & Associates LLC Decreases Holdings in Apollo Global Management, Inc. (NYSE:APO)

Wambolt & Associates LLC reduced its position in Apollo Global Management, Inc. (NYSE:APO) by 43.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,025 shares of the financial services provider’s stock after selling 2,281 shares during the period. Wambolt & Associates LLC’s holdings in Apollo Global Management were worth $340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Sugarloaf Wealth Management LLC bought a new stake in shares of Apollo Global Management during the 4th quarter valued at about $31,000. DSM Capital Partners LLC bought a new stake in Apollo Global Management during the fourth quarter valued at approximately $31,000. Blue Trust Inc. increased its holdings in Apollo Global Management by 151.4% during the fourth quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock valued at $33,000 after buying an additional 221 shares during the last quarter. True Wealth Design LLC bought a new position in Apollo Global Management in the fourth quarter worth approximately $33,000. Finally, CVA Family Office LLC purchased a new position in shares of Apollo Global Management during the 4th quarter worth $34,000. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

Apollo Global Management stock traded down $1.06 during midday trading on Friday, reaching $118.74. 1,596,287 shares of the stock traded hands, compared to its average volume of 2,849,557. The stock has a market cap of $67.46 billion, a P/E ratio of 13.15, a PEG ratio of 0.99 and a beta of 1.59. The stock’s fifty day moving average is $115.06 and its 200-day moving average is $108.78. 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, Inc. has a 12 month low of $73.77 and a 12 month high of $120.80.

Apollo Global Management (NYSE:APO) last posted its earnings results on Thursday, May 2nd. The financial services provider reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.21). Apollo Global Management had a net margin of 16.27% and a return on equity of 19.12%. The firm had revenue of $839.00 million for the quarter, compared to the consensus estimate of $827.33 million. As a group, equities research analysts anticipate that Apollo Global Management, Inc. will post 7.14 EPS for the current year.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were issued a $0.463 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.56%. Apollo Global Management’s payout ratio is 20.49%.

Insider Activity

In other Apollo Global Management news, CFO Martin Kelly sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $111.29, for a total transaction of $3,338,700.00. Following the sale, the chief financial officer now directly owns 359,445 shares of the company’s stock, valued at $40,002,634.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 8.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Evercore ISI raised their target price on Apollo Global Management from $120.00 to $128.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. boosted their price objective on Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Friday. Barclays dropped their price target on shares of Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. Finally, BMO Capital Markets raised their price objective on shares of Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a research report on Friday, April 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $115.62.

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.