Performance Wealth Partners LLC Makes New $655,000 Investment in Apollo Global Management Inc. $APO

Performance Wealth Partners LLC acquired a new position in shares of Apollo Global Management Inc. (NYSE:APO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,536 shares of the financial services provider’s stock, valued at approximately $655,000.

Several other hedge funds have also recently bought and sold shares of APO. Kohmann Bosshard Financial Services LLC acquired a new position in Apollo Global Management during the fourth quarter valued at approximately $29,000. Osbon Capital Management LLC acquired a new position in shares of Apollo Global Management during the 4th quarter worth $36,000. Steigerwald Gordon & Koch Inc. lifted its position in shares of Apollo Global Management by 484.1% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock worth $29,000 after buying an additional 213 shares during the last quarter. MBM Wealth Consultants LLC bought a new stake in shares of Apollo Global Management during the 1st quarter worth $29,000. Finally, Physician Wealth Advisors Inc. boosted its stake in Apollo Global Management by 57.8% in the fourth quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock valued at $38,000 after buying an additional 96 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on APO. Keefe, Bruyette & Woods raised Apollo Global Management to a “hold” rating in a research note on Monday, July 20th. Evercore restated an “outperform” rating on shares of Apollo Global Management in a research note on Tuesday, April 21st. Royal Bank Of Canada raised their price target on shares of Apollo Global Management from $137.00 to $146.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Piper Sandler decreased their price target on shares of Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Finally, Morgan Stanley lowered their price objective on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.77.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $140.84, for a total transaction of $422,520.00. Following the completion of the sale, the chief financial officer owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. This represents a 0.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John P. Zito sold 48,644 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the sale, the insider owned 3,063,696 shares of the company’s stock, valued at approximately $400,302,519.36. This trade represents a 1.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 8.30% of the stock is owned by company insiders.

Apollo Global Management Stock Down 4.2%

NYSE:APO opened at $134.91 on Tuesday. The firm’s 50 day simple moving average is $126.67 and its 200 day simple moving average is $122.71. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $153.29. The company has a market cap of $79.67 billion, a PE ratio of 49.42, a P/E/G ratio of 1.26 and a beta of 1.51.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by ($0.05). Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. The business had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same quarter last year, the company posted $1.92 earnings per share. On average, research analysts anticipate that Apollo Global Management Inc. will post 8.12 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be paid a $0.5625 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.25 annualized dividend and a dividend yield of 1.7%. Apollo Global Management’s dividend payout ratio is presently 82.42%.

About Apollo Global Management

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.