Aureus Asset Management LLC Acquires 59,154 Shares of Apollo Global Management Inc. $APO

Aureus Asset Management LLC boosted its holdings in Apollo Global Management Inc. (NYSE:APO) by 31.6% during the 1st quarter, Holdings Channel reports. The firm owned 246,353 shares of the financial services provider’s stock after acquiring an additional 59,154 shares during the period. Apollo Global Management makes up about 1.8% of Aureus Asset Management LLC’s investment portfolio, making the stock its 23rd largest holding. Aureus Asset Management LLC’s holdings in Apollo Global Management were worth $27,449,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Mitchell & Pahl Private Wealth LLC grew its position in Apollo Global Management by 0.8% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 9,553 shares of the financial services provider’s stock valued at $1,383,000 after buying an additional 80 shares during the period. Sunbelt Securities Inc. raised its position in Apollo Global Management by 16.9% in the third quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 82 shares during the period. United Advisor Group LLC boosted its stake in Apollo Global Management by 4.7% in the fourth quarter. United Advisor Group LLC now owns 1,948 shares of the financial services provider’s stock valued at $282,000 after acquiring an additional 87 shares during the last quarter. Broadway Wealth Solutions Inc. boosted its stake in Apollo Global Management by 3.8% in the fourth quarter. Broadway Wealth Solutions Inc. now owns 2,388 shares of the financial services provider’s stock valued at $346,000 after acquiring an additional 87 shares during the last quarter. Finally, First Horizon Corp boosted its stake in Apollo Global Management by 8.1% in the fourth quarter. First Horizon Corp now owns 1,228 shares of the financial services provider’s stock valued at $178,000 after acquiring an additional 92 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

NYSE:APO opened at $119.16 on Thursday. The business’s fifty day moving average is $126.76 and its 200 day moving average is $124.34. The firm has a market cap of $68.70 billion, a price-to-earnings ratio of 75.90, a PEG ratio of 1.03 and a beta of 1.50. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.73. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $153.43.

Apollo Global Management (NYSE:APO) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, topping the consensus estimate of $1.89 by $0.05. The business had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $5.19 billion. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The firm’s revenue was down 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.82 EPS. Research analysts predict that Apollo Global Management Inc. will post 8.22 EPS for the current year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were given a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, May 19th. Apollo Global Management’s dividend payout ratio (DPR) is 143.31%.

Insider Activity at Apollo Global Management

In related news, insider John P. Zito sold 48,644 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the completion of the transaction, the insider owned 3,063,696 shares of the company’s stock, valued at approximately $400,302,519.36. The trade was a 1.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.30% of the company’s stock.

Wall Street Analysts Forecast Growth

APO has been the subject of several research analyst reports. Evercore restated an “outperform” rating on shares of Apollo Global Management in a research note on Tuesday, April 21st. Wall Street Zen lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. UBS Group upped their price target on Apollo Global Management from $138.00 to $158.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Royal Bank Of Canada cut their price target on Apollo Global Management from $146.00 to $137.00 and set a “sector perform” rating for the company in a research note on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Apollo Global Management in a research note on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $149.08.

Apollo Global Management Profile

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.