Apollo Global Management Inc. $APO Stock Holdings Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its position in shares of Apollo Global Management Inc. (NYSE:APO) by 7.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,901,110 shares of the financial services provider’s stock after acquiring an additional 188,668 shares during the quarter. Bank of New York Mellon Corp’s holdings in Apollo Global Management were worth $323,242,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of APO. Swiss Life Asset Management Ltd boosted its position in Apollo Global Management by 26.0% during the third quarter. Swiss Life Asset Management Ltd now owns 48,201 shares of the financial services provider’s stock worth $6,424,000 after purchasing an additional 9,936 shares during the period. Legal & General Group Plc raised its position in shares of Apollo Global Management by 4.5% during the fourth quarter. Legal & General Group Plc now owns 3,611,839 shares of the financial services provider’s stock worth $522,850,000 after acquiring an additional 155,857 shares during the last quarter. Sandro Wealth Management LLC acquired a new position in shares of Apollo Global Management in the 4th quarter valued at $1,599,000. Asset Management One Co. Ltd. grew its position in shares of Apollo Global Management by 6.1% during the 4th quarter. Asset Management One Co. Ltd. now owns 189,744 shares of the financial services provider’s stock worth $27,936,000 after buying an additional 10,876 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Apollo Global Management by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 47,760,608 shares of the financial services provider’s stock worth $6,913,826,000 after acquiring an additional 340,956 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock opened at $120.51 on Friday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.45. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $156.89. The stock’s fifty day moving average is $127.52 and its two-hundred day moving average is $125.06. The company has a market capitalization of $69.48 billion, a PE ratio of 76.76, a price-to-earnings-growth ratio of 1.07 and a beta of 1.50.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, beating the consensus estimate of $1.89 by $0.05. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The business had revenue of $5.06 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the previous year, the business posted $1.82 EPS. The company’s quarterly revenue was down 8.8% compared to the same quarter last year. As a group, analysts expect that Apollo Global Management Inc. will post 8.23 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. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. This represents a $2.25 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, May 19th. Apollo Global Management’s dividend payout ratio (DPR) is currently 143.31%.

Insider Transactions at Apollo Global Management

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 transaction of $6,355,825.04. Following the completion of the sale, the insider 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on APO shares. TD Cowen decreased their price objective on shares of Apollo Global Management from $155.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Evercore reaffirmed an “outperform” rating on shares of Apollo Global Management in a research report on Tuesday, April 21st. BMO Capital Markets cut their target price on Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating on the stock in a research note on Monday, July 13th. Morgan Stanley decreased their target price on shares of Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Finally, Piper Sandler dropped their target price on shares of Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating for the company in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $149.50.

Apollo Global Management 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.