Sierra Capital LLC Has $3.45 Million Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Sierra Capital LLC increased its holdings in shares of Apollo Global Management, Inc. (NYSE:APOGet Rating) by 7.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,681 shares of the financial services provider’s stock after purchasing an additional 3,480 shares during the period. Sierra Capital LLC’s holdings in Apollo Global Management were worth $3,454,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Evoke Wealth LLC acquired a new stake in Apollo Global Management during the fourth quarter worth approximately $25,000. Prentice Wealth Management LLC acquired a new stake in Apollo Global Management during the third quarter worth approximately $27,000. CWM LLC acquired a new stake in Apollo Global Management during the fourth quarter worth approximately $32,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Apollo Global Management in the fourth quarter valued at approximately $40,000. Finally, EverSource Wealth Advisors LLC acquired a new stake in Apollo Global Management in the fourth quarter valued at approximately $40,000. 61.48% of the stock is owned by institutional investors and hedge funds.

In other Apollo Global Management news, Director A B. Krongard bought 1,375 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, February 16th. The stock was acquired at an average cost of $67.23 per share, for a total transaction of $92,441.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.90% of the stock is owned by insiders.

Shares of NYSE APO traded up $0.89 during mid-day trading on Tuesday, hitting $50.44. The company had a trading volume of 3,712,630 shares, compared to its average volume of 3,857,951. The company has a market capitalization of $28.80 billion, a price-to-earnings ratio of 16.17, a P/E/G ratio of 0.56 and a beta of 1.64. Apollo Global Management, Inc. has a 1 year low of $49.18 and a 1 year high of $81.07. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.33. The stock’s 50-day moving average price is $58.52 and its 200-day moving average price is $66.52.

Apollo Global Management (NYSE:APOGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The financial services provider reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.48. Apollo Global Management had a return on equity of 25.24% and a net margin of 6.39%. During the same period in the previous year, the firm earned $0.66 earnings per share. As a group, equities research analysts forecast that Apollo Global Management, Inc. will post 5.47 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Wednesday, May 18th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.17%. The ex-dividend date of this dividend is Tuesday, May 17th. Apollo Global Management’s payout ratio is 51.28%.

A number of brokerages have commented on APO. Citigroup reduced their price objective on Apollo Global Management from $105.00 to $87.50 and set a “buy” rating for the company in a research note on Tuesday, April 12th. StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Monday. Morgan Stanley dropped their target price on Apollo Global Management from $88.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, April 20th. TheStreet lowered Apollo Global Management from a “b” rating to a “c” rating in a report on Thursday, May 5th. Finally, Bank of America raised their target price on Apollo Global Management from $74.00 to $77.00 and gave the company an “underperform” rating in a report on Tuesday, February 15th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $82.72.

About Apollo Global Management (Get Rating)

Apollo Global Management, Inc is a private equity firm specializing 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.

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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