Future Financial Wealth Managment LLC Purchases New Holdings in Apollo Global Management, Inc. (NYSE:APO)

Future Financial Wealth Managment LLC purchased a new position in shares of Apollo Global Management, Inc. (NYSE:APO) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,000 shares of the financial services provider’s stock, valued at approximately $125,000.

Several other large investors have also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC grew its holdings in shares of Apollo Global Management by 24.8% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 3,228 shares of the financial services provider’s stock valued at $403,000 after acquiring an additional 641 shares in the last quarter. Miracle Mile Advisors LLC increased its stake in Apollo Global Management by 39.4% in the third quarter. Miracle Mile Advisors LLC now owns 12,101 shares of the financial services provider’s stock valued at $1,512,000 after acquiring an additional 3,423 shares during the last quarter. Eagle Rock Investment Company LLC bought a new stake in shares of Apollo Global Management during the third quarter worth $2,135,000. GAMMA Investing LLC grew its stake in shares of Apollo Global Management by 4.7% during the third quarter. GAMMA Investing LLC now owns 2,508 shares of the financial services provider’s stock worth $313,000 after buying an additional 113 shares during the last quarter. Finally, Goelzer Investment Management Inc. lifted its holdings in shares of Apollo Global Management by 2.5% during the third quarter. Goelzer Investment Management Inc. now owns 33,982 shares of the financial services provider’s stock worth $4,245,000 after purchasing an additional 830 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on APO. Evercore ISI boosted their target price on shares of Apollo Global Management from $127.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. TD Cowen increased their target price on shares of Apollo Global Management from $135.00 to $162.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Barclays boosted their price objective on shares of Apollo Global Management from $128.00 to $148.00 and gave the company an “overweight” rating in a report on Monday. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Finally, Wolfe Research initiated coverage on shares of Apollo Global Management in a research report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price objective for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.89.

Insider Activity

In other Apollo Global Management news, Director Pauline Richards acquired 2,351 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was bought at an average price of $104.92 per share, for a total transaction of $246,666.92. Following the acquisition, the director now directly owns 85,854 shares in the company, valued at $9,007,801.68. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 8.50% of the company’s stock.

Apollo Global Management Price Performance

NYSE APO opened at $136.10 on Wednesday. The company has a market capitalization of $77.33 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 1.30 and a beta of 1.62. Apollo Global Management, Inc. has a 12-month low of $77.11 and a 12-month high of $136.26. The firm’s 50 day moving average is $115.34 and its 200-day moving average is $115.30. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.

Apollo Global Management (NYSE:APO) last released its earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. The firm had revenue of $6.02 billion for the quarter, compared to analyst estimates of $873.18 million. During the same period in the prior year, the company posted $1.54 EPS. Equities research analysts anticipate that Apollo Global Management, Inc. will post 6.62 earnings per share for the current fiscal year.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a $0.4625 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.85 dividend on an annualized basis and a yield of 1.36%. Apollo Global Management’s dividend payout ratio (DPR) is 20.49%.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public 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, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.