Kingswood Wealth Advisors LLC Buys 318 Shares of Apollo Global Management, Inc. (NYSE:APO)

Kingswood Wealth Advisors LLC grew its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 10.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,255 shares of the financial services provider’s stock after buying an additional 318 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Apollo Global Management were worth $366,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. CWA Asset Management Group LLC raised its stake in Apollo Global Management by 2.8% during the 4th quarter. CWA Asset Management Group LLC now owns 3,399 shares of the financial services provider’s stock worth $317,000 after buying an additional 94 shares during the period. Perigon Wealth Management LLC lifted its holdings in shares of Apollo Global Management by 4.1% during the 4th quarter. Perigon Wealth Management LLC now owns 2,727 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 107 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Apollo Global Management by 0.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 27,775 shares of the financial services provider’s stock valued at $2,588,000 after purchasing an additional 117 shares during the period. Compass Wealth Management LLC increased its stake in Apollo Global Management by 48.7% during the 1st quarter. Compass Wealth Management LLC now owns 446 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 146 shares in the last quarter. Finally, CWM LLC raised its holdings in Apollo Global Management by 3.0% during the 4th quarter. CWM LLC now owns 5,727 shares of the financial services provider’s stock worth $534,000 after buying an additional 169 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Trading Down 0.1 %

Shares of NYSE:APO opened at $118.00 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 1.60. The company has a 50-day simple moving average of $114.13 and a 200 day simple moving average of $107.70. The company has a market capitalization of $67.04 billion, a P/E ratio of 13.07, a price-to-earnings-growth ratio of 0.98 and a beta of 1.61. Apollo Global Management, Inc. has a 52-week low of $73.77 and a 52-week high of $119.69.

Apollo Global Management (NYSE:APO) last posted its earnings results on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.21). Apollo Global Management had a return on equity of 19.12% and a net margin of 16.27%. The business had revenue of $839.00 million for the quarter, compared to analyst estimates of $827.33 million. Sell-side analysts forecast that Apollo Global Management, Inc. will post 7.14 earnings per share for the current year.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were issued a dividend of $0.463 per share. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.43. The ex-dividend date was Thursday, May 16th. This represents a $1.85 annualized dividend and a dividend yield of 1.57%. Apollo Global Management’s payout ratio is presently 20.49%.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 30,000 shares of the business’s 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 completion of the sale, the chief financial officer now owns 359,445 shares in the company, valued at $40,002,634.05. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 8.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on APO. Jefferies Financial Group lowered their price objective on shares of Apollo Global Management from $119.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, May 9th. StockNews.com raised Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Thursday. JMP Securities reaffirmed a “market perform” rating on shares of Apollo Global Management in a research report on Tuesday, April 9th. Evercore ISI lifted their target price on Apollo Global Management from $120.00 to $128.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Finally, Keefe, Bruyette & Woods boosted their target price on Apollo Global Management from $122.00 to $131.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $115.62.

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.