Atlas Capital Advisors LLC Purchases 902 Shares of Apollo Global Management, Inc. (NYSE:APO)

Atlas Capital Advisors LLC raised its holdings in Apollo Global Management, Inc. (NYSE:APO) by 43.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,984 shares of the financial services provider’s stock after buying an additional 902 shares during the period. Atlas Capital Advisors LLC’s holdings in Apollo Global Management were worth $336,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. CIC Wealth LLC boosted its stake in Apollo Global Management by 16.5% during the 1st quarter. CIC Wealth LLC now owns 13,681 shares of the financial services provider’s stock valued at $1,538,000 after purchasing an additional 1,935 shares during the last quarter. Kingswood Wealth Advisors LLC grew its holdings in Apollo Global Management by 10.8% during the first quarter. Kingswood Wealth Advisors LLC now owns 3,255 shares of the financial services provider’s stock worth $366,000 after buying an additional 318 shares in the last quarter. Riverview Trust Co purchased a new stake in Apollo Global Management in the 1st quarter valued at $45,000. Doliver Advisors LP lifted its stake in Apollo Global Management by 2.2% during the 1st quarter. Doliver Advisors LP now owns 16,649 shares of the financial services provider’s stock valued at $1,872,000 after acquiring an additional 355 shares in the last quarter. Finally, Purus Wealth Management LLC lifted its stake in Apollo Global Management by 7.5% during the 1st quarter. Purus Wealth Management LLC now owns 22,454 shares of the financial services provider’s stock valued at $2,525,000 after acquiring an additional 1,563 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Price Performance

NYSE APO opened at $118.00 on Friday. The company has a market cap of $67.04 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 0.98 and a beta of 1.61. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.37. The firm’s 50-day simple moving average is $114.13 and its two-hundred day simple moving average is $107.70. Apollo Global Management, Inc. has a 52 week low of $73.77 and a 52 week high of $119.69.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.50 EPS 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 analysts’ expectations of $827.33 million. Research analysts predict that Apollo Global Management, Inc. will post 7.14 earnings per share for the current year.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were issued a $0.463 dividend. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Thursday, May 16th. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.49%.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 30,000 shares of the firm’s 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 in the company, valued at approximately $40,002,634.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on APO shares. JPMorgan Chase & Co. raised 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. Evercore ISI lifted their target price on shares of Apollo Global Management from $120.00 to $128.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. BMO Capital Markets upped their target price on Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a report on Friday, April 5th. JMP Securities reiterated a “market perform” rating on shares of Apollo Global Management in a report on Tuesday, April 9th. Finally, Barclays reduced their price objective on Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.62.

About Apollo Global Management

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.