EverSource Wealth Advisors LLC Increases Stock Position in Apollo Global Management Inc. $APO

EverSource Wealth Advisors LLC boosted its position in shares of Apollo Global Management Inc. (NYSE:APO) by 27,104.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 200,767 shares of the financial services provider’s stock after buying an additional 200,029 shares during the quarter. Apollo Global Management makes up 1.1% of EverSource Wealth Advisors LLC’s holdings, making the stock its 20th biggest position. EverSource Wealth Advisors LLC’s holdings in Apollo Global Management were worth $26,756,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Schnieders Capital Management LLC. purchased a new position in shares of Apollo Global Management in the 2nd quarter valued at about $7,954,000. D.A. Davidson & CO. grew its holdings in Apollo Global Management by 6.3% in the second quarter. D.A. Davidson & CO. now owns 12,481 shares of the financial services provider’s stock valued at $1,771,000 after purchasing an additional 741 shares during the period. Leavell Investment Management Inc. grew its holdings in Apollo Global Management by 58.2% in the second quarter. Leavell Investment Management Inc. now owns 6,250 shares of the financial services provider’s stock valued at $887,000 after purchasing an additional 2,300 shares during the period. Resonant Capital Advisors LLC increased its position in shares of Apollo Global Management by 22.4% in the second quarter. Resonant Capital Advisors LLC now owns 2,958 shares of the financial services provider’s stock valued at $420,000 after buying an additional 541 shares in the last quarter. Finally, Brookwood Investment Group LLC acquired a new position in shares of Apollo Global Management during the 2nd quarter worth approximately $202,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

NYSE:APO opened at $113.58 on Tuesday. The company has a market cap of $65.92 billion, a P/E ratio of 20.58, a P/E/G ratio of 1.04 and a beta of 1.57. Apollo Global Management Inc. has a twelve month low of $102.58 and a twelve month high of $157.28. The company’s 50-day moving average price is $138.03 and its 200-day moving average price is $134.84. The company has a current ratio of 1.31, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Monday, February 9th. The financial services provider reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.43. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. The company had revenue of $9.86 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the prior year, the company earned $2.39 EPS. Apollo Global Management’s revenue was up .8% compared to the same quarter last year. On average, sell-side analysts forecast that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Thursday, February 19th will be given a dividend of $0.51 per share. The ex-dividend date is Thursday, February 19th. This represents a $2.04 dividend on an annualized basis and a yield of 1.8%. Apollo Global Management’s dividend payout ratio (DPR) is presently 36.96%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Apollo Global Management from $180.00 to $181.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Apollo Global Management in a report on Tuesday, February 10th. Evercore boosted their target price on shares of Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $165.00 price target on shares of Apollo Global Management in a research note on Monday, February 9th. Finally, Argus upgraded Apollo Global Management to a “strong-buy” rating in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average price target of $161.27.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 6,000 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $131.41, for a total transaction of $788,460.00. Following the transaction, the chief financial officer owned 325,604 shares of the company’s stock, valued at approximately $42,787,621.64. The trade was a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 8.50% of the company’s stock.

About Apollo Global Management

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.