Segment Wealth Management LLC Grows Position in Apollo Global Management, Inc. (NYSE:APO)

Segment Wealth Management LLC grew its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 9.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,803 shares of the financial services provider’s stock after acquiring an additional 5,275 shares during the quarter. Segment Wealth Management LLC’s holdings in Apollo Global Management were worth $7,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Fisher Asset Management LLC bought a new stake in Apollo Global Management in the 4th quarter worth about $266,000. Ballentine Partners LLC purchased a new stake in shares of Apollo Global Management during the first quarter valued at approximately $286,000. Riverview Trust Co bought a new stake in Apollo Global Management during the first quarter worth $45,000. Kingswood Wealth Advisors LLC boosted its position in Apollo Global Management by 10.8% in the first quarter. Kingswood Wealth Advisors LLC now owns 3,255 shares of the financial services provider’s stock worth $366,000 after purchasing an additional 318 shares during the last quarter. Finally, Atlas Capital Advisors LLC grew its stake in Apollo Global Management by 43.3% in the 1st quarter. Atlas Capital Advisors LLC now owns 2,984 shares of the financial services provider’s stock valued at $336,000 after purchasing an additional 902 shares during the period. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Down 0.6 %

Shares of NYSE:APO opened at $143.94 on Wednesday. The firm has a fifty day moving average price of $121.65 and a two-hundred day moving average price of $117.16. The company has a market cap of $81.78 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.39 and a beta of 1.62. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. Apollo Global Management, Inc. has a one year low of $77.11 and a one year high of $146.82.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data 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 business had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $873.18 million. Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. During the same period in the prior year, the business posted $1.54 EPS. Analysts anticipate that Apollo Global Management, Inc. will post 6.66 EPS for the current fiscal year.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Friday, August 16th. Apollo Global Management’s dividend payout ratio (DPR) is 20.49%.

Analyst Ratings Changes

A number of research firms have recently commented on APO. Evercore ISI lifted their target price on Apollo Global Management from $127.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. Bank of America upgraded shares of Apollo Global Management from a “neutral” rating to a “buy” rating and dropped their target price for the company from $124.00 to $123.00 in a research note on Tuesday, August 6th. Redburn Partners started coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target for the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Apollo Global Management from $129.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Finally, UBS Group raised their target price on Apollo Global Management from $117.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $139.56.

Insider Activity at Apollo Global Management

In related news, Director Pauline Richards purchased 2,351 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was acquired at an average price of $104.92 per share, with a total value of $246,666.92. Following the purchase, the director now directly owns 85,854 shares in the company, valued at approximately $9,007,801.68. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 8.50% of the stock is currently owned by insiders.

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.