Aureus Asset Management LLC Boosts Stock Position in Apollo Global Management Inc. $APO

Aureus Asset Management LLC boosted its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 7.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 187,199 shares of the financial services provider’s stock after acquiring an additional 13,754 shares during the quarter. Apollo Global Management accounts for 1.7% of Aureus Asset Management LLC’s portfolio, making the stock its 22nd biggest holding. Aureus Asset Management LLC’s holdings in Apollo Global Management were worth $27,099,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new position in Apollo Global Management during the 4th quarter valued at $29,000. Physician Wealth Advisors Inc. lifted its holdings in shares of Apollo Global Management by 57.8% in the 4th quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock worth $38,000 after buying an additional 96 shares during the period. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Apollo Global Management in the 4th quarter worth $42,000. City Holding Co. lifted its holdings in shares of Apollo Global Management by 391.9% in 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, Cullen Frost Bankers Inc. lifted its holdings in shares of Apollo Global Management by 54.4% in the 4th quarter. Cullen Frost Bankers Inc. now owns 366 shares of the financial services provider’s stock worth $53,000 after buying an additional 129 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insider Buying and Selling at Apollo Global Management

In other news, insider John P. Zito sold 48,644 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total value of $6,355,825.04. Following the transaction, the insider directly owned 3,063,696 shares of the company’s stock, valued at approximately $400,302,519.36. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.30% of the company’s stock.

Apollo Global Management Trading Up 0.2%

APO opened at $138.72 on Thursday. The firm has a market cap of $79.98 billion, a price-to-earnings ratio of 88.36, a PEG ratio of 1.19 and a beta of 1.50. The company has a current ratio of 1.73, a quick 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 stock has a fifty day moving average price of $126.88 and a 200-day moving average price of $128.12.

Apollo Global Management (NYSE:APO) last announced its 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. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The company had revenue of $5.06 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same period in the prior year, the company posted $1.82 EPS. The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Apollo Global Management Inc. will post 8.28 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were issued a $0.5625 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.51. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, May 19th. Apollo Global Management’s dividend payout ratio is currently 143.31%.

Analyst Ratings Changes

Several equities research analysts have weighed in on APO shares. TD Cowen lowered their target price on Apollo Global Management from $155.00 to $146.00 and set a “buy” rating for the company in a report on Monday, May 18th. UBS Group upped their target price on Apollo Global Management from $138.00 to $158.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Evercore reiterated an “outperform” rating on shares of Apollo Global Management in a report on Tuesday, April 21st. Weiss Ratings cut Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Finally, Royal Bank Of Canada upped their target price on Apollo Global Management from $139.00 to $146.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. 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.com, Apollo Global Management currently has an average rating of “Moderate Buy” and an average price target of $151.23.

About Apollo Global Management

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.