Bleakley Financial Group LLC Increases Holdings in Apollo Global Management Inc. $APO

Bleakley Financial Group LLC boosted its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 47.8% during the fourth quarter, Holdings Channel reports. The firm owned 32,111 shares of the financial services provider’s stock after acquiring an additional 10,388 shares during the quarter. Bleakley Financial Group LLC’s holdings in Apollo Global Management were worth $4,648,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Atlantic Union Bankshares Corp increased its holdings in Apollo Global Management by 99.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 99 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Apollo Global Management during the 4th quarter worth approximately $29,000. Physician Wealth Advisors Inc. grew its holdings in shares of Apollo Global Management by 57.8% during the 4th quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 96 shares during the period. City Holding Co. grew its holdings in shares of Apollo Global Management by 391.9% during the 4th quarter. City Holding Co. now owns 305 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 243 shares during the period. Finally, Center for Financial Planning Inc. purchased a new position in shares of Apollo Global Management during the 3rd quarter worth approximately $50,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

Shares of APO opened at $129.99 on Wednesday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.45. The business’s 50 day moving average price is $119.89 and its 200-day moving average price is $127.95. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $157.28. The stock has a market cap of $74.94 billion, a P/E ratio of 82.80, a P/E/G ratio of 1.11 and a beta of 1.52.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.05. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The firm had revenue of $5.06 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the previous year, the firm posted $1.82 EPS. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. Equities research analysts anticipate that Apollo Global Management Inc. will post 8.29 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th will be given a $0.5625 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s payout ratio is presently 143.31%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on APO. Barclays upped their target price on Apollo Global Management from $125.00 to $131.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Royal Bank Of Canada upped their target price on Apollo Global Management from $139.00 to $146.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Morgan Stanley reduced their target price on Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. The Goldman Sachs Group reduced their target price on Apollo Global Management from $169.00 to $134.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Finally, Evercore reiterated an “outperform” rating on shares of Apollo Global Management in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $151.23.

Apollo Global Management Company 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.