SeaCrest Wealth Management LLC Sells 946 Shares of Apollo Global Management, Inc. (NYSE:APO)

SeaCrest Wealth Management LLC decreased its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 11.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,500 shares of the financial services provider’s stock after selling 946 shares during the period. SeaCrest Wealth Management LLC’s holdings in Apollo Global Management were worth $843,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. CWA Asset Management Group LLC grew its holdings in shares of Apollo Global Management by 2.8% in the 4th quarter. CWA Asset Management Group LLC now owns 3,399 shares of the financial services provider’s stock valued at $317,000 after buying an additional 94 shares during the period. Perigon Wealth Management LLC grew its position in shares of Apollo Global Management by 4.1% during the 4th quarter. Perigon Wealth Management LLC now owns 2,727 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 107 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Apollo Global Management by 0.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 27,775 shares of the financial services provider’s stock worth $2,588,000 after acquiring an additional 117 shares during the period. Compass Wealth Management LLC lifted its holdings in shares of Apollo Global Management by 48.7% during the 1st quarter. Compass Wealth Management LLC now owns 446 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 146 shares during the period. Finally, CWM LLC lifted its stake in Apollo Global Management by 3.0% in the 4th quarter. CWM LLC now owns 5,727 shares of the financial services provider’s stock valued at $534,000 after purchasing an additional 169 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on APO. JMP Securities reaffirmed a “market perform” rating on shares of Apollo Global Management in a research note on Tuesday, April 9th. Evercore ISI upped their target price on Apollo Global Management from $120.00 to $128.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Barclays reduced their price objective on Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. StockNews.com raised Apollo Global Management from a “sell” rating to a “hold” rating in a report on Thursday, June 27th. Finally, JPMorgan Chase & Co. increased their price objective on Apollo Global Management from $122.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $115.62.

Apollo Global Management Stock Performance

Apollo Global Management stock opened at $119.80 on Thursday. The stock’s 50 day simple moving average is $114.77 and its two-hundred day simple moving average is $108.53. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market cap of $68.07 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 0.98 and a beta of 1.59. Apollo Global Management, Inc. has a fifty-two week low of $73.77 and a fifty-two week high of $120.80.

Apollo Global Management (NYSE:APO) last released its earnings results on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.21). Apollo Global Management had a net margin of 16.27% and a return on equity of 19.12%. The business had revenue of $839.00 million for the quarter, compared to analysts’ expectations of $827.33 million. As a group, analysts expect that Apollo Global Management, Inc. will post 7.14 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were paid a dividend of $0.463 per share. The ex-dividend date was Thursday, May 16th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.85 dividend on an annualized basis and a yield of 1.55%. Apollo Global Management’s payout ratio is currently 20.49%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 30,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $111.29, for a total transaction of $3,338,700.00. Following the completion of the sale, the chief financial officer now directly owns 359,445 shares in the company, valued at approximately $40,002,634.05. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Company Profile

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.