Axxcess Wealth Management LLC Buys 5,367 Shares of Apollo Global Management, Inc. (NYSE:APO)

Axxcess Wealth Management LLC raised its stake in Apollo Global Management, Inc. (NYSE:APOGet Rating) by 124.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,691 shares of the financial services provider’s stock after acquiring an additional 5,367 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Apollo Global Management were worth $470,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in APO. EverSource Wealth Advisors LLC increased its holdings in shares of Apollo Global Management by 31.9% during the second quarter. EverSource Wealth Advisors LLC now owns 732 shares of the financial services provider’s stock worth $36,000 after buying an additional 177 shares in the last quarter. First Pacific Advisors LP raised its position in Apollo Global Management by 2.4% in the first quarter. First Pacific Advisors LP now owns 8,600 shares of the financial services provider’s stock valued at $533,000 after purchasing an additional 200 shares during the last quarter. Cowen Prime Advisors LLC boosted its stake in shares of Apollo Global Management by 0.5% during the second quarter. Cowen Prime Advisors LLC now owns 46,064 shares of the financial services provider’s stock valued at $2,233,000 after purchasing an additional 220 shares in the last quarter. Carson Advisory Inc. grew its holdings in shares of Apollo Global Management by 4.4% during the second quarter. Carson Advisory Inc. now owns 5,927 shares of the financial services provider’s stock worth $287,000 after purchasing an additional 250 shares during the last quarter. Finally, Formidable Asset Management LLC increased its stake in shares of Apollo Global Management by 2.8% in the first quarter. Formidable Asset Management LLC now owns 9,427 shares of the financial services provider’s stock valued at $584,000 after buying an additional 256 shares during the period. Institutional investors own 69.40% of the company’s stock.

Insider Buying and Selling at Apollo Global Management

In other news, Director Walter Joseph Clayton III bought 5,000 shares of Apollo Global Management stock in a transaction dated Tuesday, August 30th. The stock was bought at an average cost of $56.07 per share, for a total transaction of $280,350.00. Following the purchase, the director now directly owns 29,737 shares in the company, valued at approximately $1,667,353.59. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Walter Joseph Clayton III bought 5,000 shares of the stock in a transaction dated Tuesday, August 30th. The shares were bought at an average cost of $56.07 per share, with a total value of $280,350.00. Following the completion of the transaction, the director now directly owns 29,737 shares of the company’s stock, valued at $1,667,353.59. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin Kelly sold 20,000 shares of Apollo Global Management stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $64.88, for a total transaction of $1,297,600.00. Following the completion of the sale, the chief financial officer now directly owns 431,486 shares of the company’s stock, valued at approximately $27,994,811.68. The disclosure for this sale can be found here. Insiders own 15.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on APO. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Apollo Global Management from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, November 15th. UBS Group lowered their target price on Apollo Global Management from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Wednesday, October 19th. Barclays lifted their target price on Apollo Global Management from $65.00 to $73.00 and gave the stock an “overweight” rating in a report on Thursday, November 3rd. Credit Suisse Group assumed coverage on Apollo Global Management in a research note on Tuesday, October 18th. They issued an “outperform” rating and a $59.50 price target for the company. Finally, Oppenheimer lifted their price objective on Apollo Global Management from $60.00 to $61.00 and gave the stock an “outperform” rating in a research note on Monday, August 8th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.20.

Apollo Global Management Stock Performance

Shares of APO stock opened at $65.32 on Thursday. The firm has a 50 day moving average of $54.94 and a 200-day moving average of $54.80. The company has a market cap of $37.38 billion, a price-to-earnings ratio of -11.58 and a beta of 1.67. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.08. Apollo Global Management, Inc. has a 52 week low of $45.62 and a 52 week high of $75.39.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Thursday, November 17th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.45%. The ex-dividend date is Wednesday, November 16th. Apollo Global Management’s dividend payout ratio (DPR) is currently -28.37%.

Apollo Global Management Company Profile

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Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.

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

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