Angeles Wealth Management LLC Has $366,000 Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Angeles Wealth Management LLC raised its stake in Apollo Global Management, Inc. (NYSE:APOFree Report) by 30.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,929 shares of the financial services provider’s stock after buying an additional 919 shares during the quarter. Angeles Wealth Management LLC’s holdings in Apollo Global Management were worth $366,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Jump Financial LLC bought a new stake in Apollo Global Management in the third quarter worth approximately $290,000. Quantbot Technologies LP bought a new stake in shares of Apollo Global Management during the 3rd quarter worth $52,000. J.P. Morgan Private Wealth Advisors LLC boosted its holdings in shares of Apollo Global Management by 34.5% during the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 30,752 shares of the financial services provider’s stock worth $2,760,000 after buying an additional 7,890 shares during the period. Amalgamated Bank boosted its holdings in shares of Apollo Global Management by 6.4% during the 3rd quarter. Amalgamated Bank now owns 60,440 shares of the financial services provider’s stock worth $5,425,000 after buying an additional 3,661 shares during the period. Finally, Banque Cantonale Vaudoise boosted its holdings in shares of Apollo Global Management by 128.7% during the 3rd quarter. Banque Cantonale Vaudoise now owns 6,633 shares of the financial services provider’s stock worth $595,000 after buying an additional 3,733 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Trading Down 0.5 %

Shares of APO stock opened at $112.36 on Friday. Apollo Global Management, Inc. has a 12-month low of $71.30 and a 12-month high of $119.55. The company has a market capitalization of $63.84 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.93 and a beta of 1.61. The firm has a 50-day moving average price of $112.35 and a 200 day moving average price of $104.93. 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 (NYSE:APOGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate 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. Research analysts forecast that Apollo Global Management, Inc. will post 7.19 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were paid 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 1.65%. Apollo Global Management’s payout ratio is currently 20.49%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Apollo Global Management in a report on Tuesday, April 9th. Citigroup upped their price objective on shares of Apollo Global Management from $111.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 13th. Wells Fargo & Company increased their price target on shares of Apollo Global Management from $110.00 to $118.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Jefferies Financial Group reduced their price target on shares of Apollo Global Management from $119.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, May 9th. Finally, Barclays reduced 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 report on Friday, May 3rd. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and an average price target of $115.62.

Check Out Our Latest Stock Report on Apollo Global Management

Insiders Place Their Bets

In other Apollo Global Management news, insider Leon D. Black sold 450,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $110.71, for a total value of $49,819,500.00. Following the completion of the transaction, the insider now directly owns 42,604,773 shares of the company’s stock, valued at $4,716,774,418.83. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Martin Kelly sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $111.29, for a total transaction of $3,338,700.00. Following the completion of the sale, the chief financial officer now directly owns 359,445 shares of the company’s stock, valued at $40,002,634.05. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Leon D. Black sold 450,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $110.71, for a total transaction of $49,819,500.00. Following the sale, the insider now directly owns 42,604,773 shares of the company’s stock, valued at $4,716,774,418.83. The disclosure for this sale can be found here. Insiders own 8.50% of the company’s stock.

Apollo Global Management Company Profile

(Free Report)

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.

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

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