Renaissance Group LLC Cuts Position in Apollo Global Management Inc. $APO

Renaissance Group LLC trimmed its stake in Apollo Global Management Inc. (NYSE:APO) by 10.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 196,167 shares of the financial services provider’s stock after selling 22,862 shares during the period. Renaissance Group LLC’s holdings in Apollo Global Management were worth $28,397,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Dorsey & Whitney Trust CO LLC lifted its position in shares of Apollo Global Management by 6.2% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 4,756 shares of the financial services provider’s stock valued at $688,000 after buying an additional 279 shares during the last quarter. Smithbridge Asset Management Inc. DE boosted its holdings in shares of Apollo Global Management by 37.0% in the 4th quarter. Smithbridge Asset Management Inc. DE now owns 133,565 shares of the financial services provider’s stock valued at $19,335,000 after buying an additional 36,093 shares in the last quarter. Hodges Capital Management Inc. purchased a new position in shares of Apollo Global Management in the 4th quarter worth approximately $442,000. Wellspring Financial Advisors LLC bought a new position in shares of Apollo Global Management during the 4th quarter worth approximately $237,000. Finally, Zions Bancorporation National Association UT raised its stake in shares of Apollo Global Management by 95.5% during the 4th quarter. Zions Bancorporation National Association UT now owns 5,429 shares of the financial services provider’s stock worth $786,000 after acquiring an additional 2,652 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on APO shares. Weiss Ratings downgraded shares of Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Wall Street Zen downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. UBS Group increased their price objective on Apollo Global Management from $138.00 to $158.00 and gave the company a “buy” rating in a report on Friday, May 8th. Royal Bank Of Canada raised their price objective on Apollo Global Management from $139.00 to $146.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 7th. Finally, TD Cowen dropped their target price on Apollo Global Management from $155.00 to $146.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.23.

Key Headlines Impacting Apollo Global Management

Here are the key news stories impacting Apollo Global Management this week:

• Positive Sentiment: Apollo said it is helping lead a $35 billion capital solution for Broadcom’s new AI XPV platform, alongside Blackstone and major banks. The deal is aimed at expanding AI compute capacity for frontier AI labs, which highlights Apollo’s growing role in large-scale private credit and infrastructure financing. Apollo Leads $35 Billion Capital Solution for Broadcom AI XPV Platform in Partnership with Blackstone and Leading Global Banks
• Positive Sentiment: Reuters reported that Apollo and Blackstone are backing Anthropic’s $35 billion capacity expansion using Broadcom custom chips and networking gear, reinforcing investor optimism around Apollo’s exposure to AI infrastructure and financing fees. Apollo, Blackstone back Anthropic’s $35 billion capacity expansion in new Broadcom tie-up
• Positive Sentiment: Apollo’s senior executives also used recent interviews to frame the firm as a major beneficiary of the AI buildout, including commentary that AI is coming for professional services next. That messaging supports the market’s view that Apollo can monetize the AI investment cycle beyond traditional buyouts. Apollo’s Kleinman Says AI to Come for Professional Services Next
• Neutral Sentiment: Apollo also announced new senior policy and government affairs hires in Europe, a sign of long-term business expansion but not an immediate earnings driver. Apollo Adds Senior Policy and Government Affairs Leaders in Europe
• Neutral Sentiment: Shareholders backed the board, executive pay, and auditor at Apollo’s annual meeting, removing a governance overhang but offering limited new upside by itself. Apollo Shareholders Back Board, Executive Pay and Auditor
• Negative Sentiment: Apollo and Bodycote ended talks over a possible £1.52 billion takeover proposal, which removes a potential deal opportunity and may slightly temper M&A enthusiasm. Apollo Global (APO) and Britain’s Bodycote End Talks Over a £1.52 Billion Takeover Proposal, Reuters Reports

Insider Buying and Selling

In other news, insider John P. Zito sold 48,644 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total value of $6,355,825.04. Following the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.30% of the company’s stock.

Apollo Global Management Stock Down 1.0%

Shares of APO stock opened at $131.44 on Thursday. The stock’s 50-day simple moving average is $124.08 and its 200-day simple moving average is $127.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a market capitalization of $75.78 billion, a PE ratio of 83.72, a P/E/G ratio of 1.14 and a beta of 1.50. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $157.28.

Apollo Global Management (NYSE:APO) last released its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.89 by $0.05. The firm had revenue of $5.06 billion during the quarter, compared to the consensus estimate 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 quarter in the previous year, the company posted $1.82 earnings per share. Equities analysts expect that Apollo Global Management Inc. will post 8.28 earnings per share for the current year.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were given a dividend of $0.5625 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $2.25 dividend on an annualized basis and a yield of 1.7%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s 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.