Stonegate Investment Group LLC Acquires New Holdings in Apollo Global Management, Inc. (NYSE:APO)

Stonegate Investment Group LLC acquired a new stake in Apollo Global Management, Inc. (NYSE:APOGet Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 10,035 shares of the financial services provider’s stock, valued at approximately $727,000.

Other large investors also recently modified their holdings of the company. Evoke Wealth LLC acquired a new position in Apollo Global Management in the 4th quarter valued at approximately $25,000. CWM LLC acquired a new position in Apollo Global Management in the 4th quarter valued at approximately $32,000. Edmond DE Rothschild Holding S.A. acquired a new position in Apollo Global Management in the 4th quarter valued at approximately $40,000. EverSource Wealth Advisors LLC acquired a new position in Apollo Global Management in the 4th quarter valued at approximately $40,000. Finally, CENTRAL TRUST Co acquired a new stake in shares of Apollo Global Management during the fourth quarter worth $45,000. 61.48% of the stock is owned by institutional investors and hedge funds.

Shares of Apollo Global Management stock traded up $0.93 during trading hours on Tuesday, reaching $54.44. The company’s stock had a trading volume of 43,096 shares, compared to its average volume of 3,490,527. Apollo Global Management, Inc. has a one year low of $49.18 and a one year high of $81.07. The company has a market capitalization of $31.09 billion, a P/E ratio of 17.42, a P/E/G ratio of 0.54 and a beta of 1.64. The stock’s fifty day simple moving average is $57.80 and its two-hundred day simple moving average is $65.71. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.71 and a current ratio of 0.71.

Apollo Global Management (NYSE:APOGet Rating) last released its quarterly earnings data on Thursday, May 5th. The financial services provider reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.48. Apollo Global Management had a net margin of 6.39% and a return on equity of 30.91%. During the same period last year, the business earned $0.66 EPS. As a group, research analysts forecast that Apollo Global Management, Inc. will post 5.75 earnings per share for the current year.

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Tuesday, May 17th. Apollo Global Management’s payout ratio is currently 51.28%.

In other news, Director A B. Krongard purchased 1,375 shares of the company’s stock in a transaction that occurred on Wednesday, February 16th. The shares were bought at an average cost of $67.23 per share, with a total value of $92,441.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.90% of the stock is owned by company insiders.

Several research firms have recently weighed in on APO. Zacks Investment Research cut shares of Apollo Global Management from a “strong-buy” rating to a “hold” rating in a research report on Monday. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Monday, May 9th. Bank of America increased their price objective on shares of Apollo Global Management from $74.00 to $77.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 15th. Oppenheimer upgraded shares of Apollo Global Management from a “market perform” rating to an “outperform” rating and set a $64.00 price objective for the company in a research report on Wednesday, April 13th. Finally, BMO Capital Markets raised their price target on shares of Apollo Global Management from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Monday, February 14th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $80.72.

Apollo Global Management Profile (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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