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

Future Financial Wealth Managment LLC acquired a new stake in shares of Apollo Global Management, Inc. (NYSE:APO) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,000 shares of the financial services provider’s stock, valued at approximately $112,000.

Other hedge funds also recently made changes to their positions in the company. Sugarloaf Wealth Management LLC purchased a new stake in Apollo Global Management during the fourth quarter valued at about $31,000. DSM Capital Partners LLC purchased a new position in shares of Apollo Global Management during the 4th quarter valued at about $31,000. Blue Trust Inc. lifted its position in Apollo Global Management by 151.4% in the 4th quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock worth $33,000 after buying an additional 221 shares during the last quarter. True Wealth Design LLC purchased a new stake in Apollo Global Management in the fourth quarter worth approximately $33,000. Finally, CVA Family Office LLC bought a new position in Apollo Global Management during the fourth quarter valued at approximately $34,000. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Stock Down 0.1 %

Shares of Apollo Global Management stock opened at $118.00 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. Apollo Global Management, Inc. has a 12-month low of $73.77 and a 12-month high of $119.69. The company has a market cap of $67.04 billion, a P/E ratio of 13.07, a PEG ratio of 0.98 and a beta of 1.61. The company’s fifty day simple moving average is $114.13 and its two-hundred day simple moving average is $107.70.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.21). Apollo Global Management had a net margin of 16.27% and a return on equity of 19.12%. The company had revenue of $839.00 million for the quarter, compared to analysts’ expectations of $827.33 million. Research analysts anticipate that Apollo Global Management, Inc. will post 7.14 EPS for the current year.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were given a $0.463 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.85 annualized dividend and a dividend yield of 1.57%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.43. Apollo Global Management’s dividend payout ratio is currently 20.49%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on APO shares. BMO Capital Markets upped their price objective on shares of Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Keefe, Bruyette & Woods upped their price target on shares of Apollo Global Management from $122.00 to $131.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Jefferies Financial Group decreased their price objective on Apollo Global Management from $119.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, May 9th. StockNews.com upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Evercore ISI lifted their price target on Apollo Global Management from $120.00 to $128.00 and gave the stock an “outperform” rating in a research note on Friday, May 3rd. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.62.

Insider Activity

In related news, CFO Martin Kelly sold 30,000 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $111.29, for a total transaction of $3,338,700.00. Following the sale, the chief financial officer now directly owns 359,445 shares in the company, valued at $40,002,634.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 8.50% of the stock is currently owned by company insiders.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.