ProShare Advisors LLC Acquires 5,874 Shares of Apollo Global Management Inc. $APO

ProShare Advisors LLC increased its stake in Apollo Global Management Inc. (NYSE:APO) by 5.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 111,750 shares of the financial services provider’s stock after buying an additional 5,874 shares during the quarter. ProShare Advisors LLC’s holdings in Apollo Global Management were worth $16,177,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp boosted 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 acquiring an additional 99 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Apollo Global Management during the 4th quarter valued at approximately $29,000. Physician Wealth Advisors Inc. increased its stake in shares of Apollo Global Management by 57.8% during the 4th quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 96 shares during the last quarter. City Holding Co. raised 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 purchasing an additional 243 shares during the period. Finally, Center for Financial Planning Inc. bought a new stake in shares of Apollo Global Management in the 3rd quarter worth approximately $50,000. Institutional investors own 77.06% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on APO. Morgan Stanley reduced their price objective on Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. UBS Group boosted their target price on Apollo Global Management from $138.00 to $158.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Barclays upped their price target on Apollo Global Management from $125.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. Finally, TD Cowen lowered their price objective on Apollo Global Management from $155.00 to $146.00 and set a “buy” rating on the stock in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $150.38.

Apollo Global Management Trading Up 0.9%

NYSE:APO opened at $132.31 on Thursday. The company has a market cap of $76.28 billion, a P/E ratio of 84.28, a P/E/G ratio of 1.10 and a beta of 1.52. The stock’s fifty day moving average price is $117.91 and its two-hundred day moving average price is $127.91. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $157.28. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 1.73.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share 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 during the quarter, compared to analysts’ expectations of $5.19 billion. During the same period in the previous year, the business earned $1.82 earnings per share. The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. As a group, analysts expect that Apollo Global Management Inc. will post 8.32 EPS for the current year.

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 paid a $0.5625 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $2.25 annualized dividend and a yield of 1.7%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s dividend payout ratio is 143.31%.

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.