Stephens Inc. AR cut its holdings in Apollo Global Management Inc. (NYSE:APO – Free Report) by 4.7% during the fourth quarter, HoldingsChannel reports. The firm owned 195,641 shares of the financial services provider’s stock after selling 9,592 shares during the period. Stephens Inc. AR’s holdings in Apollo Global Management were worth $28,321,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Atlantic Union Bankshares Corp increased its stake in Apollo Global Management by 99.0% in the third quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 99 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in Apollo Global Management in the fourth quarter valued at $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 during the period. City Holding Co. increased its stake in Apollo Global Management by 391.9% in the fourth quarter. City Holding Co. now owns 305 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 243 shares during the period. Finally, Center for Financial Planning Inc. acquired a new position in Apollo Global Management in the third quarter valued at $50,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.
Apollo Global Management Trading Down 0.2%
Shares of Apollo Global Management stock opened at $135.23 on Friday. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $157.28. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.45. The company’s 50-day simple moving average is $116.51 and its 200-day simple moving average is $127.73. The firm has a market cap of $77.96 billion, a price-to-earnings ratio of 86.13, a price-to-earnings-growth ratio of 1.13 and a beta of 1.52.
Apollo Global Management Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th will be given a dividend of $0.5625 per share. The ex-dividend date is Tuesday, May 19th. 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%. Apollo Global Management’s dividend payout ratio (DPR) is currently 129.94%.
Wall Street Analyst Weigh In
A number of research analysts have commented on APO shares. Barclays lifted their price objective on shares of Apollo Global Management from $125.00 to $131.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Morgan Stanley dropped their price target on shares of Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. JPMorgan Chase & Co. dropped their price target on shares of Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 10th. Weiss Ratings lowered shares of Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. Finally, TD Cowen reiterated a “buy” rating on shares of Apollo Global Management in a research note on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $150.75.
Apollo Global Management Company Profile
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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