Winthrop Partners WNY LLC Makes New Investment in Apollo Global Management Inc. $APO

Winthrop Partners WNY LLC bought a new stake in Apollo Global Management Inc. (NYSE:APO) during the 4th quarter, HoldingsChannel reports. The fund bought 7,882 shares of the financial services provider’s stock, valued at approximately $1,141,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Apollo Global Management during the 4th quarter worth approximately $29,000. Physician Wealth Advisors Inc. lifted its stake in Apollo Global Management by 57.8% during the fourth 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. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Apollo Global Management in the 4th quarter valued at $42,000. City Holding Co. increased its stake 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 valued at $44,000 after purchasing an additional 243 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its stake 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 valued at $53,000 after purchasing an additional 129 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on APO shares. Piper Sandler upped their price objective on Apollo Global Management from $146.00 to $157.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Wall Street Zen cut Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Apollo Global Management in a research note on Thursday, May 7th. UBS Group increased their target price on shares of Apollo Global Management from $138.00 to $158.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, BMO Capital Markets reduced their price target on shares of Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $151.23.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock opened at $137.85 on Friday. The business has a 50-day moving average price of $128.15 and a two-hundred day moving average price of $128.24. Apollo Global Management Inc. has a 1-year low of $99.56 and a 1-year high of $157.28. The company has a market cap of $79.47 billion, a P/E ratio of 87.80, a PEG ratio of 1.18 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 (NYSE:APO) last issued its quarterly 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. The firm had revenue of $5.06 billion for the quarter, compared to analyst estimates of $5.19 billion. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The company’s revenue was down 8.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.82 earnings per share. As a group, analysts anticipate that Apollo Global Management Inc. will post 8.28 EPS for the current year.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, May 19th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s dividend payout ratio is presently 143.31%.

Insider Activity

In related news, insider John P. Zito sold 48,644 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the transaction, the insider directly owned 3,063,696 shares of the company’s stock, valued at $400,302,519.36. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.30% of the stock is owned by insiders.

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.