Apollo Global Management, Inc. (NYSE:APO) Shares Bought by Ameliora Wealth Management Ltd.

by · The Cerbat Gem

Ameliora Wealth Management Ltd. lifted its position in Apollo Global Management, Inc. (NYSE:APO – Free Report) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,390 shares of the financial services provider’s stock after acquiring an additional 410 shares during the quarter. Apollo Global Management accounts for approximately 1.2% of Ameliora Wealth Management Ltd.’s holdings, making the stock its 26th largest position. Ameliora Wealth Management Ltd.’s holdings in Apollo Global Management were worth $2,797,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in APO. Cullen Frost Bankers Inc. bought a new stake in shares of Apollo Global Management in the 2nd quarter worth approximately $35,000. J.Safra Asset Management Corp lifted its holdings in shares of Apollo Global Management by 709.3% in the 1st quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 305 shares during the last quarter. Riverview Trust Co bought a new stake in Apollo Global Management during the 1st quarter valued at $45,000. Compass Wealth Management LLC boosted its position 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 acquiring an additional 146 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its position in Apollo Global Management by 293.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 346 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Transactions at Apollo Global Management

In related news, Director Pauline Richards purchased 2,351 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of $104.92 per share, for a total transaction of $246,666.92. Following the purchase, the director now owns 85,854 shares in the company, valued at $9,007,801.68. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 8.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Argus reduced their price target on Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Tuesday, August 20th. Wells Fargo & Company boosted their price target on Apollo Global Management from $148.00 to $149.00 and gave the stock an “overweight” rating in a research report on Wednesday. Wolfe Research assumed coverage on Apollo Global Management in a research report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price target for the company. Barclays upped their price objective on Apollo Global Management from $128.00 to $148.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Finally, Keefe, Bruyette & Woods upped their price objective on Apollo Global Management from $134.00 to $141.00 and gave the company an “outperform” rating in a report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and a consensus price target of $138.06.

Get Our Latest Stock Analysis on Apollo Global Management

Apollo Global Management Stock Up 1.7 %

APO stock traded up $2.29 during mid-day trading on Friday, hitting $140.21. The stock had a trading volume of 2,716,659 shares, compared to its average volume of 2,608,363. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. Apollo Global Management, Inc. has a 1-year low of $77.11 and a 1-year high of $140.35. The company has a fifty day moving average of $116.77 and a 200 day moving average of $115.81. The stock has a market capitalization of $79.66 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.39 and a beta of 1.62.

Apollo Global Management (NYSE:APO – Get Free Report) last issued its earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing the consensus estimate of $1.67 by ($0.03). Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. The firm had revenue of $6.02 billion during the quarter, compared to analyst estimates of $873.18 million. During the same period in the previous year, the company earned $1.54 earnings per share. On average, equities analysts expect that Apollo Global Management, Inc. will post 6.66 EPS for the current fiscal year.

Apollo Global Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were paid a dividend of $0.4625 per share. The ex-dividend date was Friday, August 16th. This represents a $1.85 annualized dividend and a dividend yield of 1.32%. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.49%.

Apollo Global Management Profile

(Free Report)

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.

Further Reading

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