Fifth Third Wealth Advisors LLC Purchases 119 Shares of Apollo Global Management, Inc. (NYSE:APO)

Fifth Third Wealth Advisors LLC lifted its stake in Apollo Global Management, Inc. (NYSE:APO) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,159 shares of the financial services provider’s stock after purchasing an additional 119 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Apollo Global Management were worth $570,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Doliver Advisors LP increased its stake in Apollo Global Management by 13.0% during the 1st quarter. Doliver Advisors LP now owns 17,143 shares of the financial services provider’s stock valued at $2,348,000 after purchasing an additional 1,969 shares in the last quarter. Parallel Advisors LLC grew its position in Apollo Global Management by 10.7% during the first quarter. Parallel Advisors LLC now owns 3,829 shares of the financial services provider’s stock valued at $524,000 after buying an additional 371 shares during the period. GAMMA Investing LLC grew its position in Apollo Global Management by 22,053.8% during the first quarter. GAMMA Investing LLC now owns 613,217 shares of the financial services provider’s stock valued at $839,740,000 after buying an additional 610,449 shares during the period. AdvisorNet Financial Inc grew its position in Apollo Global Management by 4.8% during the first quarter. AdvisorNet Financial Inc now owns 2,106 shares of the financial services provider’s stock valued at $288,000 after buying an additional 97 shares during the period. Finally, Quent Capital LLC lifted its holdings in Apollo Global Management by 2.0% during the first quarter. Quent Capital LLC now owns 8,080 shares of the financial services provider’s stock valued at $1,107,000 after purchasing an additional 159 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Martin Kelly sold 4,000 shares of the firm’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $132.57, for a total value of $530,280.00. Following the completion of the transaction, the chief financial officer now owns 373,164 shares in the company, valued at $49,470,351.48. This trade represents a 1.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Lb 2018 Gst Trust purchased 607,725 shares of the company’s stock in a transaction dated Friday, April 4th. The stock was purchased at an average price of $111.39 per share, with a total value of $67,694,487.75. Following the transaction, the insider now owns 621,754 shares of the company’s stock, valued at approximately $69,257,178.06. This represents a 4,331.92% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 8.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on APO. Citigroup lowered their target price on shares of Apollo Global Management from $191.00 to $138.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company boosted their price objective on shares of Apollo Global Management from $158.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, May 23rd. Piper Sandler cut their price target on shares of Apollo Global Management from $193.00 to $174.00 and set an “overweight” rating on the stock in a report on Monday, May 5th. UBS Group cut their price target on shares of Apollo Global Management from $170.00 to $155.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. Finally, TD Cowen lowered their price objective on shares of Apollo Global Management from $214.00 to $144.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and an average price target of $159.00.

Apollo Global Management Price Performance

APO stock opened at $130.43 on Tuesday. The company has a market capitalization of $74.54 billion, a P/E ratio of 17.84, a PEG ratio of 1.17 and a beta of 1.67. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The business has a 50 day simple moving average of $131.24 and a 200-day simple moving average of $150.65. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Friday, May 2nd. The financial services provider reported $1.82 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.02). The firm had revenue of $5.55 billion during the quarter, compared to analyst estimates of $977.14 million. Apollo Global Management had a net margin of 17.53% and a return on equity of 13.97%. Apollo Global Management’s revenue was down 21.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.72 earnings per share. As a group, equities analysts anticipate that Apollo Global Management, Inc. will post 8 EPS for the current year.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a dividend of $0.51 per share. The ex-dividend date was Friday, May 16th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a dividend yield of 1.56%. Apollo Global Management’s dividend payout ratio (DPR) is currently 35.73%.

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.