SOL Capital Management CO boosted its stake in Apollo Global Management, Inc. (NYSE:APO – Free Report) by 0.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 75,185 shares of the financial services provider’s stock after acquiring an additional 485 shares during the period. Apollo Global Management accounts for about 1.0% of SOL Capital Management CO’s holdings, making the stock its 22nd biggest position. SOL Capital Management CO’s holdings in Apollo Global Management were worth $9,391,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APO. Fisher Asset Management LLC acquired a new stake in shares of Apollo Global Management in the 4th quarter worth $266,000. Ballentine Partners LLC acquired a new stake in Apollo Global Management in the first quarter valued at about $286,000. Kingswood Wealth Advisors LLC boosted its holdings in Apollo Global Management by 10.8% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 3,255 shares of the financial services provider’s stock valued at $366,000 after purchasing an additional 318 shares in the last quarter. Atlas Capital Advisors LLC increased its position in Apollo Global Management by 43.3% during the 1st quarter. Atlas Capital Advisors LLC now owns 2,984 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 902 shares during the period. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of Apollo Global Management during the 1st quarter worth approximately $112,000. 77.06% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Apollo Global Management
In other news, Director Pauline Richards bought 2,351 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average price of $104.92 per share, for a total transaction of $246,666.92. Following the acquisition, the director now owns 85,854 shares of the company’s stock, valued at $9,007,801.68. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 8.50% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on APO
Apollo Global Management Price Performance
APO stock opened at $143.54 on Thursday. The stock has a market capitalization of $81.55 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 1.39 and a beta of 1.62. The stock’s fifty day simple moving average is $123.18 and its 200-day simple moving average is $117.55. Apollo Global Management, Inc. has a 52-week low of $77.11 and a 52-week high of $146.82. 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 – Get Free Report) last released its earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.67 by ($0.03). The company had revenue of $6.02 billion during the quarter, compared to analyst estimates of $873.18 million. Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. During the same period in the prior year, the business posted $1.54 earnings per share. Equities research analysts expect that Apollo Global Management, Inc. will post 6.66 EPS for the current year.
Apollo Global Management Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a dividend of $0.4625 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.85 annualized dividend and a yield of 1.29%. Apollo Global Management’s dividend payout ratio is presently 20.49%.
About Apollo Global Management
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.
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