Apollo Global Management, Inc. (NYSE:APO) Shares Purchased by Curated Wealth Partners LLC

Curated Wealth Partners LLC raised its stake in Apollo Global Management, Inc. (NYSE:APO) by 0.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,229,366 shares of the financial services provider’s stock after purchasing an additional 6,623 shares during the period. Apollo Global Management makes up approximately 39.5% of Curated Wealth Partners LLC’s holdings, making the stock its biggest position. Curated Wealth Partners LLC owned 0.39% of Apollo Global Management worth $305,289,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Fourth Dimension Wealth LLC acquired a new position in Apollo Global Management in the 4th quarter valued at approximately $25,000. Hopwood Financial Services Inc. acquired a new stake in shares of Apollo Global Management during the 4th quarter valued at about $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in Apollo Global Management in the fourth quarter valued at about $34,000. HM Payson & Co. acquired a new position in Apollo Global Management in the fourth quarter worth about $45,000. Finally, Colonial Trust Co SC lifted its stake in Apollo Global Management by 29.2% during the fourth quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 79 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 4,000 shares of the business’s stock in a transaction dated Tuesday, May 6th. The stock was 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 in the company, valued at approximately $49,470,351.48. The trade was a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Leon D. Black sold 500,000 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total transaction of $71,000,000.00. Following the completion of the transaction, the insider now directly owns 34,604,773 shares of the company’s stock, valued at approximately $4,913,877,766. The trade was a 1.42% decrease in their position. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by corporate insiders.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock opened at $133.55 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The company has a fifty day moving average of $130.49 and a 200-day moving average of $149.47. The stock has a market capitalization of $76.32 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 1.17 and a beta of 1.59. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49.

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

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend was Friday, May 16th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s payout ratio is 35.73%.

Wall Street Analysts Forecast Growth

APO has been the topic of several recent analyst reports. Citigroup decreased their price target on Apollo Global Management from $191.00 to $138.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Morgan Stanley dropped their price objective on shares of Apollo Global Management from $170.00 to $131.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. UBS Group dropped their price target on Apollo Global Management from $170.00 to $155.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. TD Cowen cut their price target on Apollo Global Management from $214.00 to $144.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Finally, Piper Sandler dropped their target price on shares of Apollo Global Management from $193.00 to $174.00 and set an “overweight” rating for the company in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $159.00.

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.