Ponta Wealth Partners LLC Purchases Shares of 5,923 Apollo Global Management Inc. $APO

Ponta Wealth Partners LLC purchased a new stake in shares of Apollo Global Management Inc. (NYSE:APOFree Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 5,923 shares of the financial services provider’s stock, valued at approximately $857,000.

Several other institutional investors have also recently made changes to their positions in APO. Schnieders Capital Management LLC. purchased a new stake in shares of Apollo Global Management in the second quarter worth $7,954,000. Baird Financial Group Inc. increased its stake in Apollo Global Management by 117.5% in the 2nd quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider’s stock worth $2,287,000 after acquiring an additional 8,709 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in Apollo Global Management by 4.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider’s stock worth $949,000 after acquiring an additional 305 shares during the last quarter. Nebula Research & Development LLC purchased a new stake in shares of Apollo Global Management in the 2nd quarter valued at about $722,000. Finally, Northern Right Capital Management L.P. boosted its position in shares of Apollo Global Management by 1.5% during the 2nd quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider’s stock valued at $24,542,000 after acquiring an additional 2,500 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Key Headlines Impacting Apollo Global Management

Here are the key news stories impacting Apollo Global Management this week:

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wolfe Research reissued an “outperform” rating on shares of Apollo Global Management in a report on Wednesday, January 7th. TD Cowen reaffirmed a “buy” rating on shares of Apollo Global Management in a research note on Thursday, February 12th. Evercore reiterated an “outperform” rating on shares of Apollo Global Management in a research report on Tuesday, April 21st. Morgan Stanley decreased 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 report on Tuesday, April 21st. Finally, BMO Capital Markets dropped their price objective on shares of Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating for the company in a report on Tuesday, March 24th. One 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $149.42.

Get Our Latest Report on Apollo Global Management

Apollo Global Management Stock Down 0.5%

Shares of NYSE APO opened at $129.59 on Thursday. The stock has a market capitalization of $74.94 billion, a P/E ratio of 23.48, a PEG ratio of 1.17 and a beta of 1.52. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $157.28. The firm’s 50 day simple moving average is $113.47 and its two-hundred day simple moving average is $127.37. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.31 and a quick ratio of 1.31.

Apollo Global Management (NYSE:APOGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.05. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. The firm had revenue of $5.06 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same period in the previous year, the business posted $1.82 EPS. The business’s quarterly revenue was down 8.8% on a year-over-year basis. As a group, analysts expect that Apollo Global Management Inc. will post 8.44 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th will be paid a $0.5625 dividend. This is a boost 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 presently 36.96%.

About Apollo Global Management

(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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