Opal Wealth Advisors LLC Decreases Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Opal Wealth Advisors LLC lessened its holdings in Apollo Global Management, Inc. (NYSE:APO) by 20.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,507 shares of the financial services provider’s stock after selling 644 shares during the quarter. Opal Wealth Advisors LLC’s holdings in Apollo Global Management were worth $313,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of APO. Cullen Frost Bankers Inc. acquired a new stake in shares of Apollo Global Management during the 2nd quarter worth about $35,000. Compagnie Lombard Odier SCmA acquired a new stake in Apollo Global Management during the third quarter worth approximately $35,000. J.Safra Asset Management Corp lifted its position in shares of Apollo Global Management by 709.3% during the 1st quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock worth $39,000 after buying an additional 305 shares during the last quarter. Riverview Trust Co acquired a new position in shares of Apollo Global Management in the 1st quarter valued at $45,000. Finally, Compass Wealth Management LLC grew its position in shares of Apollo Global Management by 48.7% in the 1st quarter. Compass Wealth Management LLC now owns 446 shares of the financial services provider’s stock valued at $50,000 after buying an additional 146 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Apollo Global Management

In other news, Director Pauline Richards bought 2,351 shares of the stock in a transaction on Tuesday, August 6th. The shares were bought at an average price of $104.92 per share, with a total value of $246,666.92. Following the completion of the acquisition, the director now owns 85,854 shares of the company’s stock, valued at approximately $9,007,801.68. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.50% of the stock is currently owned by company insiders.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $141.58 on Wednesday. The company has a market cap of $80.44 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 1.39 and a beta of 1.62. Apollo Global Management, Inc. has a one year low of $77.11 and a one year high of $142.58. The business has a fifty day moving average of $118.37 and a two-hundred day moving average of $116.24. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.03). Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. The company had revenue of $6.02 billion during the quarter, compared to analyst estimates of $873.18 million. During the same quarter last year, the business earned $1.54 EPS. As a group, analysts predict that Apollo Global Management, Inc. will post 6.66 earnings per share for the current fiscal year.

Apollo Global Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Friday, August 16th. Apollo Global Management’s dividend payout ratio is currently 20.49%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their price target on Apollo Global Management from $129.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. JPMorgan Chase & Co. boosted their price objective on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Wolfe Research started coverage on shares of Apollo Global Management in a research report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 target price on the stock. Finally, The Goldman Sachs Group raised their price objective on shares of Apollo Global Management from $128.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $138.06.

About Apollo Global Management

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.