PharVision Advisers LLC Buys New Holdings in Apollo Global Management, Inc. (NYSE:APO)

PharVision Advisers LLC purchased a new position in shares of Apollo Global Management, Inc. (NYSE:APO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,385 shares of the financial services provider’s stock, valued at approximately $394,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Hopwood Financial Services Inc. acquired a new position in shares of Apollo Global Management in the 4th quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC acquired a new position in Apollo Global Management during the fourth quarter worth $34,000. Byrne Asset Management LLC bought a new position in shares of Apollo Global Management during the fourth quarter valued at $37,000. HM Payson & Co. bought a new stake in shares of Apollo Global Management in the 4th quarter worth about $45,000. Finally, UMB Bank n.a. increased its position in shares of Apollo Global Management by 447.1% during the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 228 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Insider Activity

In related news, CFO Martin Kelly sold 4,000 shares of the business’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $132.57, for a total value of $530,280.00. Following the sale, the chief financial officer now directly owns 373,164 shares of the company’s stock, valued at approximately $49,470,351.48. The trade was a 1.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Leon D. Black sold 500,000 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total value of $71,000,000.00. Following the transaction, the insider now owns 34,604,773 shares of the company’s stock, valued at approximately $4,913,877,766. This trade represents a 1.42% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 8.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on APO shares. Barclays upped their price target on shares of Apollo Global Management from $145.00 to $156.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Wells Fargo & Company reduced their target price on shares of Apollo Global Management from $177.00 to $139.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Bank of America boosted their price objective on shares of Apollo Global Management from $186.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, April 4th. Morgan Stanley decreased their price objective on Apollo Global Management from $170.00 to $131.00 and set an “equal weight” rating on the stock in a research report on Monday, April 14th. Finally, Citigroup dropped their price objective on Apollo Global Management from $191.00 to $138.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $157.89.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock opened at $139.19 on Wednesday. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The stock’s fifty day simple moving average is $133.29 and its 200 day simple moving average is $152.49. The company has a market capitalization of $79.41 billion, a PE ratio of 19.04, a PEG ratio of 1.17 and a beta of 1.67. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Friday, May 2nd. The financial services provider reported $1.82 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.02). Apollo Global Management had a net margin of 17.53% and a return on equity of 13.97%. The business had revenue of $5.55 billion for the quarter, compared to the consensus estimate of $977.14 million. During the same quarter last year, the firm earned $1.72 EPS. The company’s revenue for the quarter was down 21.2% on a year-over-year basis. On average, research analysts predict that Apollo Global Management, Inc. will post 8 EPS for the current year.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Friday, May 16th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio is 35.73%.

Apollo Global Management 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.