Schwartz Investment Counsel Inc. Has $4.55 Million Stock Position in Apollo Global Management Inc. $APO

Schwartz Investment Counsel Inc. lifted its position in Apollo Global Management Inc. (NYSE:APOFree Report) by 16.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 31,445 shares of the financial services provider’s stock after purchasing an additional 4,481 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Apollo Global Management were worth $4,552,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp raised its position in shares of Apollo Global Management by 99.0% during the third quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 99 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Apollo Global Management in the 4th quarter valued at about $29,000. Physician Wealth Advisors Inc. increased its stake in Apollo Global Management by 57.8% in the fourth quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 96 shares in the last quarter. City Holding Co. raised its stake in Apollo Global Management by 391.9% during the 4th quarter. City Holding Co. now owns 305 shares of the financial services provider’s stock worth $44,000 after buying an additional 243 shares during the period. Finally, CX Institutional acquired a new stake in shares of Apollo Global Management during the third quarter worth about $48,000. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

APO stock opened at $131.99 on Wednesday. The company’s 50-day moving average price is $114.93 and its two-hundred day moving average price is $127.54. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.45. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $157.28. The firm has a market cap of $76.32 billion, a P/E ratio of 84.07, a P/E/G ratio of 1.09 and a beta of 1.52.

Apollo Global Management (NYSE:APOGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.05. The company had revenue of $5.06 billion for the quarter, compared to analyst estimates of $5.19 billion. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The company’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.82 EPS. On average, analysts anticipate that Apollo Global Management Inc. will post 8.37 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be paid a dividend of $0.5625 per share. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. This represents a $2.25 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, May 19th. Apollo Global Management’s payout ratio is 129.94%.

More Apollo Global Management News

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Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Weiss Ratings cut Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. UBS Group boosted their price target on Apollo Global Management from $138.00 to $158.00 and gave the stock a “buy” rating in a research report on Friday. Argus upgraded Apollo Global Management to a “strong-buy” rating in a research note on Thursday, February 19th. Evercore restated an “outperform” rating on shares of Apollo Global Management in a report on Tuesday, April 21st. Finally, The Goldman Sachs Group cut their price target on shares of Apollo Global Management from $169.00 to $134.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.75.

Check Out Our Latest Stock Analysis on Apollo Global Management

Apollo Global Management Profile

(Free Report)

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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