Compass Wealth Management LLC Grows Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Compass Wealth Management LLC grew its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 48.7% in the 1st quarter, HoldingsChannel reports. The firm owned 446 shares of the financial services provider’s stock after acquiring an additional 146 shares during the quarter. Compass Wealth Management LLC’s holdings in Apollo Global Management were worth $50,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of APO. Sugarloaf Wealth Management LLC purchased a new stake in Apollo Global Management in the fourth quarter worth approximately $31,000. DSM Capital Partners LLC bought a new position in shares of Apollo Global Management during the 4th quarter valued at $31,000. Blue Trust Inc. raised its position in Apollo Global Management by 151.4% in the 4th quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 221 shares during the period. True Wealth Design LLC purchased a new position in Apollo Global Management in the 4th quarter worth $33,000. Finally, CVA Family Office LLC bought a new stake in Apollo Global Management in the fourth quarter worth $34,000. 77.06% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

APO has been the topic of several analyst reports. Evercore ISI lifted their price objective on Apollo Global Management from $120.00 to $128.00 and gave the stock an “outperform” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. increased their price target on shares of Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a research report on Wednesday, April 24th. JMP Securities restated a “market perform” rating on shares of Apollo Global Management in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods increased their target price on shares of Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Finally, Jefferies Financial Group reduced their price target on Apollo Global Management from $119.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $115.62.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 30,000 shares of Apollo Global Management stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $111.29, for a total value of $3,338,700.00. Following the completion of the transaction, the chief financial officer now owns 359,445 shares of the company’s stock, valued at approximately $40,002,634.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 8.50% of the company’s stock.

Apollo Global Management Stock Up 0.9 %

Shares of Apollo Global Management stock opened at $117.32 on Thursday. Apollo Global Management, Inc. has a 1 year low of $72.44 and a 1 year high of $119.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.60 and a quick ratio of 1.60. The company has a 50-day moving average of $112.96 and a 200 day moving average of $106.59. The firm has a market cap of $66.66 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 0.96 and a beta of 1.61.

Apollo Global Management (NYSE:APO) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.21). Apollo Global Management had a net margin of 16.27% and a return on equity of 19.12%. The business had revenue of $839.00 million for the quarter, compared to the consensus estimate of $827.33 million. As a group, sell-side analysts anticipate that Apollo Global Management, Inc. will post 7.19 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were issued a $0.463 dividend. This represents a $1.85 annualized dividend and a yield of 1.58%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, May 16th. Apollo Global Management’s payout ratio is 20.49%.

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.