Quotient Wealth Partners LLC Buys 132 Shares of Apollo Global Management Inc. $APO

Quotient Wealth Partners LLC increased its stake in Apollo Global Management Inc. (NYSE:APO) by 5.0% in the second quarter, HoldingsChannel reports. The fund owned 2,757 shares of the financial services provider’s stock after purchasing an additional 132 shares during the period. Quotient Wealth Partners LLC’s holdings in Apollo Global Management were worth $391,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Boston Partners purchased a new position in Apollo Global Management during the 1st quarter valued at about $370,543,000. Nuveen LLC purchased a new stake in shares of Apollo Global Management in the 1st quarter worth approximately $342,335,000. Vanguard Group Inc. grew its stake in shares of Apollo Global Management by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 46,028,812 shares of the financial services provider’s stock worth $6,303,186,000 after buying an additional 893,428 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Apollo Global Management by 24.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider’s stock worth $490,482,000 after buying an additional 706,181 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Apollo Global Management by 33.0% in the 1st quarter. Alliancebernstein L.P. now owns 2,473,614 shares of the financial services provider’s stock worth $338,737,000 after buying an additional 613,124 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Up 0.6%

Shares of NYSE:APO opened at $121.55 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.37. Apollo Global Management Inc. has a 12 month low of $102.58 and a 12 month high of $189.49. The company has a 50-day moving average price of $134.27 and a 200 day moving average price of $135.69. The company has a market cap of $69.53 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 1.39 and a beta of 1.68.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.08. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. The firm had revenue of $6,550,000 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm earned $1.64 EPS. As a group, equities research analysts predict that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a $0.51 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.7%. Apollo Global Management’s dividend payout ratio (DPR) is presently 38.13%.

Wall Street Analysts Forecast Growth

APO has been the topic of several analyst reports. Piper Sandler reaffirmed an “overweight” rating on shares of Apollo Global Management in a research report on Tuesday, October 7th. Wall Street Zen lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Barclays cut their price target on Apollo Global Management from $168.00 to $147.00 and set an “overweight” rating for the company in a research note on Wednesday, October 8th. BMO Capital Markets began coverage on Apollo Global Management in a research note on Friday, October 3rd. They issued a “market perform” rating and a $132.00 price target for the company. Finally, Citigroup cut their price objective on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $161.14.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 915,000 shares of the firm’s stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $134.03, for a total value of $122,637,450.00. Following the completion of the sale, the insider owned 4,526,000 shares of the company’s stock, valued at $606,619,780. This trade represents a 16.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Martin Kelly sold 15,500 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the completion of the sale, the chief financial officer directly owned 332,399 shares of the company’s stock, valued at approximately $48,234,418.89. The trade was a 4.46% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 935,000 shares of company stock valued at $125,543,790. Insiders own 8.20% of the company’s stock.

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.