Turn8 Private Wealth Inc. Buys 861 Shares of Apollo Global Management Inc. $APO

Turn8 Private Wealth Inc. boosted its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 3.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,867 shares of the financial services provider’s stock after acquiring an additional 861 shares during the period. Apollo Global Management accounts for 2.5% of Turn8 Private Wealth Inc.’s portfolio, making the stock its 21st largest holding. Turn8 Private Wealth Inc.’s holdings in Apollo Global Management were worth $3,437,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of APO. Y.D. More Investments Ltd boosted its stake in Apollo Global Management by 14.4% during the first quarter. Y.D. More Investments Ltd now owns 619 shares of the financial services provider’s stock valued at $85,000 after buying an additional 78 shares during the last quarter. Walled Lake Planning & Wealth Management LLC lifted its stake in shares of Apollo Global Management by 3.3% in the 1st quarter. Walled Lake Planning & Wealth Management LLC now owns 2,516 shares of the financial services provider’s stock valued at $345,000 after purchasing an additional 80 shares during the last quarter. GW&K Investment Management LLC boosted its holdings in shares of Apollo Global Management by 84.5% in the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 87 shares during the period. Tower Wealth Partners Inc. boosted its holdings in shares of Apollo Global Management by 4.7% in the 2nd quarter. Tower Wealth Partners Inc. now owns 2,086 shares of the financial services provider’s stock worth $296,000 after purchasing an additional 94 shares during the period. Finally, Arkadios Wealth Advisors increased its position in shares of Apollo Global Management by 0.9% during the 1st quarter. Arkadios Wealth Advisors now owns 10,896 shares of the financial services provider’s stock valued at $1,492,000 after purchasing an additional 99 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Evercore ISI raised their price target on Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. BMO Capital Markets initiated coverage on shares of Apollo Global Management in a research note on Friday, October 3rd. They issued a “market perform” rating and a $132.00 target price on the stock. Citigroup dropped their price target on shares of Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Piper Sandler reiterated an “overweight” rating on shares of Apollo Global Management in a report on Tuesday, October 7th. Finally, Wall Street Zen raised shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.00.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 915,000 shares of Apollo Global Management stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $134.03, for a total value of $122,637,450.00. Following the transaction, the insider owned 4,526,000 shares in the company, valued at $606,619,780. The trade was a 16.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.20% of the company’s stock.

Apollo Global Management Stock Performance

Shares of NYSE:APO opened at $132.90 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27. The firm’s 50 day simple moving average is $130.78 and its 200-day simple moving average is $136.36. The firm has a market cap of $76.02 billion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 1.42 and a beta of 1.63. Apollo Global Management Inc. has a one year low of $102.58 and a one year high of $189.49.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Tuesday, November 4th. The financial services provider reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.24. The firm had revenue of $9.94 billion during the quarter, compared to the consensus estimate of $4.92 billion. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.The firm’s quarterly revenue was down 20.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.29 earnings per share. As a group, equities analysts predict that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Monday, November 17th will be issued a dividend of $0.51 per share. The ex-dividend date is Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. Apollo Global Management’s dividend payout ratio is currently 29.82%.

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.