Private Wealth Partners LLC Invests $484,000 in Apollo Global Management, Inc. (NYSE:APO)

Private Wealth Partners LLC acquired a new position 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 acquired 4,100 shares of the financial services provider’s stock, valued at approximately $484,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. DSM Capital Partners LLC acquired a new position in shares of Apollo Global Management during the fourth quarter worth about $31,000. True Wealth Design LLC bought a new stake in Apollo Global Management during the fourth quarter worth about $33,000. Cullen Frost Bankers Inc. bought a new stake in Apollo Global Management during the second quarter worth about $35,000. Carolinas Wealth Consulting LLC bought a new stake in Apollo Global Management during the fourth quarter worth about $38,000. Finally, J.Safra Asset Management Corp raised its holdings 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 worth $39,000 after acquiring an additional 305 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently issued reports on APO shares. UBS Group upped their target price on Apollo Global Management from $116.00 to $123.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Evercore ISI upped their target price on Apollo Global Management from $128.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Argus dropped their target price on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. Redburn Partners started coverage on Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Apollo Global Management from $129.00 to $124.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $128.19.

Insider Buying and Selling

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

Apollo Global Management Price Performance

Apollo Global Management stock opened at $108.62 on Thursday. Apollo Global Management, Inc. has a 12 month low of $77.11 and a 12 month high of $126.45. The stock’s 50 day moving average is $113.77 and its 200-day moving average is $113.36. 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 company has a market capitalization of $61.71 billion, a price-to-earnings ratio of 12.03, a PEG ratio of 1.11 and a beta of 1.61.

Apollo Global Management (NYSE:APO) last issued 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). The company had revenue of $6.02 billion for the quarter, compared to analyst estimates of $873.18 million. Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. During the same period in the prior year, the company earned $1.54 EPS. Equities research analysts expect that Apollo Global Management, Inc. will post 6.68 EPS for the current year.

Apollo Global Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was 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, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public 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, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.