Cwm LLC Acquires 169 Shares of Apollo Global Management, Inc. (NYSE:APO)

Cwm LLC raised its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 3.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,727 shares of the financial services provider’s stock after purchasing an additional 169 shares during the quarter. Cwm LLC’s holdings in Apollo Global Management were worth $534,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Signaturefd LLC grew its stake in shares of Apollo Global Management by 5.7% in the 4th quarter. Signaturefd LLC now owns 8,174 shares of the financial services provider’s stock worth $762,000 after acquiring an additional 443 shares in the last quarter. Lindbrook Capital LLC grew its stake in shares of Apollo Global Management by 60.6% in the 4th quarter. Lindbrook Capital LLC now owns 1,206 shares of the financial services provider’s stock worth $112,000 after acquiring an additional 455 shares in the last quarter. abrdn plc grew its stake in shares of Apollo Global Management by 88.1% in the 4th quarter. abrdn plc now owns 225,034 shares of the financial services provider’s stock worth $20,971,000 after acquiring an additional 105,405 shares in the last quarter. Resonant Capital Advisors LLC bought a new stake in shares of Apollo Global Management in the 4th quarter worth $203,000. Finally, Zhang Financial LLC grew its stake in shares of Apollo Global Management by 55.9% in the 4th quarter. Zhang Financial LLC now owns 17,627 shares of the financial services provider’s stock worth $1,643,000 after acquiring an additional 6,319 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

NYSE APO opened at $108.39 on Wednesday. The company has a market cap of $61.58 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 0.94 and a beta of 1.63. Apollo Global Management, Inc. has a 52 week low of $57.50 and a 52 week high of $117.15. 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 firm’s 50-day simple moving average is $111.20 and its two-hundred day simple moving average is $99.52.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Thursday, February 8th. The financial services provider reported $1.75 EPS for the quarter, beating the consensus estimate of $1.64 by $0.11. The business had revenue of $795.00 million for the quarter, compared to the consensus estimate of $823.27 million. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. Research analysts predict that Apollo Global Management, Inc. will post 7.43 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th were issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Friday, February 16th. Apollo Global Management’s payout ratio is 20.45%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods upped their target price on shares of Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. TD Cowen initiated coverage on shares of Apollo Global Management in a research note on Thursday, January 4th. They issued an “outperform” rating and a $115.00 target price for the company. Barclays boosted their price target on shares of Apollo Global Management from $122.00 to $133.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. BMO Capital Markets boosted their price target on shares of Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Apollo Global Management from $122.00 to $123.00 and gave the stock an “overweight” rating in a report on Wednesday, April 24th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $113.33.

Insider Transactions at Apollo Global Management

In other news, insider James C. Zelter sold 150,000 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $109.16, for a total value of $16,374,000.00. Following the sale, the insider now directly owns 1,454,588 shares of the company’s stock, valued at $158,782,826.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Whitney Chatterjee sold 12,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $111.10, for a total value of $1,333,200.00. Following the sale, the insider now directly owns 123,901 shares of the company’s stock, valued at $13,765,401.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider James C. Zelter sold 150,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $109.16, for a total transaction of $16,374,000.00. Following the completion of the transaction, the insider now owns 1,454,588 shares in the company, valued at $158,782,826.08. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,426,000 shares of company stock valued at $158,226,960. 8.70% of the stock is currently owned by corporate insiders.

Apollo Global Management 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.