Jackson Hole Capital Partners LLC Grows Stake in Apollo Global Management, Inc. (NYSE:APO)

Jackson Hole Capital Partners LLC raised its stake in Apollo Global Management, Inc. (NYSE:APO) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,955 shares of the financial services provider’s stock after purchasing an additional 903 shares during the quarter. Apollo Global Management comprises about 1.4% of Jackson Hole Capital Partners LLC’s investment portfolio, making the stock its 12th biggest position. Jackson Hole Capital Partners LLC’s holdings in Apollo Global Management were worth $5,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC purchased a new position in Apollo Global Management in the fourth quarter valued at about $31,000. CVA Family Office LLC purchased a new position in Apollo Global Management in the fourth quarter valued at about $34,000. Blue Trust Inc. raised its position in Apollo Global Management by 151.4% in the fourth quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 221 shares during the period. Hanseatic Management Services Inc. purchased a new position in Apollo Global Management in the third quarter valued at about $39,000. Finally, GAMMA Investing LLC purchased a new position in Apollo Global Management in the fourth quarter valued at about $50,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Stock Performance

APO stock traded down $0.84 during midday trading on Thursday, reaching $111.88. The company had a trading volume of 1,399,119 shares, compared to its average volume of 2,333,450. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average price of $111.24 and a 200 day moving average price of $99.07. Apollo Global Management, Inc. has a fifty-two week low of $57.50 and a fifty-two week high of $117.15. The firm has a market capitalization of $63.57 billion, a PE ratio of 13.30, a P/E/G ratio of 0.95 and a beta of 1.63.

Apollo Global Management (NYSE:APO) last issued its earnings results on Thursday, February 8th. The financial services provider reported $1.75 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $823.27 million. Analysts anticipate that Apollo Global Management, Inc. will post 7.44 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were paid a $0.43 dividend. The ex-dividend date was Friday, February 16th. This represents a $1.72 dividend on an annualized basis and a yield of 1.54%. Apollo Global Management’s payout ratio is currently 20.45%.

Analyst Upgrades and Downgrades

APO has been the topic of a number of analyst reports. BMO Capital Markets lifted their target price on Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Citigroup lifted their target price on Apollo Global Management from $111.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 13th. Keefe, Bruyette & Woods lifted their target price on Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. JPMorgan Chase & Co. lifted their target price on Apollo Global Management from $122.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Morgan Stanley lifted their target price on 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. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $113.33.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 14,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $109.09, for a total transaction of $1,527,260.00. Following the completion of the transaction, the chief financial officer now directly owns 366,572 shares in the company, valued at $39,989,339.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Leon D. Black sold 300,000 shares of the business’s stock in a transaction that occurred on Saturday, February 24th. The stock was sold at an average price of $111.51, for a total transaction of $33,453,000.00. Following the completion of the transaction, the insider now directly owns 43,054,773 shares in the company, valued at $4,801,037,737.23. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Martin Kelly sold 14,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $109.09, for a total value of $1,527,260.00. Following the transaction, the chief financial officer now owns 366,572 shares of the company’s stock, valued at $39,989,339.48. The disclosure for this sale can be found here. Insiders sold a total of 1,426,000 shares of company stock worth $158,226,960 over the last ninety days. Company insiders own 8.70% of the company’s stock.

Apollo Global Management Company Profile

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.