ATX Financial Planning LLC Invests $1.17 Million in Apollo Global Management Inc. $APO

ATX Financial Planning LLC acquired a new stake in Apollo Global Management Inc. (NYSE:APO) during the 4th quarter, Holdings Channel.com reports. The firm acquired 8,056 shares of the financial services provider’s stock, valued at approximately $1,166,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Apollo Global Management by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 47,760,608 shares of the financial services provider’s stock valued at $6,913,826,000 after purchasing an additional 340,956 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Apollo Global Management by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 10,198,837 shares of the financial services provider’s stock valued at $1,469,793,000 after purchasing an additional 200,312 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Apollo Global Management by 1.4% during the 4th quarter. Northern Trust Corp now owns 4,448,618 shares of the financial services provider’s stock worth $643,982,000 after purchasing an additional 62,831 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Apollo Global Management by 4.5% during the 4th quarter. Legal & General Group Plc now owns 3,611,839 shares of the financial services provider’s stock worth $522,850,000 after purchasing an additional 155,857 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Apollo Global Management by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,288,100 shares of the financial services provider’s stock worth $475,985,000 after buying an additional 98,945 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

Shares of APO stock opened at $137.85 on Friday. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $157.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.73. The company has a 50 day moving average price of $127.53 and a 200 day moving average price of $128.17. The firm has a market capitalization of $79.47 billion, a price-to-earnings ratio of 87.80, a price-to-earnings-growth ratio of 1.20 and a beta of 1.50.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.05. The company had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $5.19 billion. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. Apollo Global Management’s revenue was down 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.82 earnings per share. Sell-side analysts anticipate that Apollo Global Management Inc. will post 8.28 EPS for the current year.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were given a $0.5625 dividend. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $2.25 annualized dividend and a dividend yield of 1.6%. Apollo Global Management’s dividend payout ratio is 143.31%.

Insiders Place Their Bets

In related news, insider John P. Zito sold 48,644 shares of Apollo Global Management stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total value of $6,355,825.04. Following the transaction, the insider owned 3,063,696 shares in the company, valued at approximately $400,302,519.36. This trade represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Apollo Global Management from $125.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Weiss Ratings lowered shares of Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Argus raised shares of Apollo Global Management to a “strong-buy” rating in a research note on Thursday, February 19th. Evercore reiterated an “outperform” rating on shares of Apollo Global Management in a report on Tuesday, April 21st. Finally, Wall Street Zen lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $151.23.

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.