J.W. Cole Advisors Inc. Has $1.16 Million Stock Position in Apollo Global Management, Inc. (NYSE:APO)

J.W. Cole Advisors Inc. boosted its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 100.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,785 shares of the financial services provider’s stock after buying an additional 4,911 shares during the period. J.W. Cole Advisors Inc.’s holdings in Apollo Global Management were worth $1,155,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Apollo Global Management in the second quarter valued at approximately $35,000. DSM Capital Partners LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter valued at approximately $31,000. J.Safra Asset Management Corp raised its holdings in shares of Apollo Global Management by 709.3% in the first quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 305 shares during the last quarter. True Wealth Design LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter valued at approximately $33,000. Finally, Riverview Trust Co acquired a new stake in shares of Apollo Global Management in the first quarter valued at approximately $45,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

APO has been the topic of a number of recent research reports. Barclays lowered their price objective on shares of Apollo Global Management from $131.00 to $128.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Redburn Atlantic began coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price on the stock. TD Cowen boosted their target price on shares of Apollo Global Management from $146.00 to $147.00 and gave the stock a “buy” rating in a report on Monday, July 8th. Redburn Partners began coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price on the stock. Finally, Argus lowered their target price on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average price target of $129.06.

Insider Activity

In other Apollo Global Management news, Director Pauline Richards bought 2,351 shares of Apollo Global Management stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of $104.92 per share, with a total value of $246,666.92. Following the completion of the transaction, the director now owns 85,854 shares in the company, valued at approximately $9,007,801.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 8.50% of the stock is currently owned by company insiders.

Apollo Global Management Trading Up 1.8 %

APO stock opened at $114.39 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. The company has a fifty day moving average price of $113.54 and a two-hundred day moving average price of $113.40. Apollo Global Management, Inc. has a one year low of $77.11 and a one year high of $126.45. The stock has a market cap of $65.15 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61.

Apollo Global Management (NYSE:APO) last announced its earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). The business had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $873.18 million. Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. During the same period in the previous year, the firm posted $1.54 EPS. Equities analysts anticipate that Apollo Global Management, Inc. will post 6.62 EPS for the current year.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a $0.4625 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.62%. Apollo Global Management’s payout ratio is presently 20.49%.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public 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, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.