Apollo Global Management Inc. $APO Stock Position Raised by Kestra Advisory Services LLC

Kestra Advisory Services LLC lifted its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 1,219.3% during the third quarter, Holdings Channel.com reports. The fund owned 396,759 shares of the financial services provider’s stock after acquiring an additional 366,685 shares during the period. Kestra Advisory Services LLC’s holdings in Apollo Global Management were worth $46,048,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Apollo Global Management by 4.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider’s stock worth $669,372,000 after buying an additional 234,517 shares during the period. Legal & General Group Plc purchased a new stake in Apollo Global Management during the 2nd quarter valued at about $459,987,000. Bank of New York Mellon Corp increased its holdings in shares of Apollo Global Management by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 2,901,110 shares of the financial services provider’s stock valued at $323,242,000 after purchasing an additional 188,668 shares during the period. Temasek Holdings Private Ltd increased its holdings in shares of Apollo Global Management by 214.4% in the first quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock valued at $263,861,000 after purchasing an additional 1,614,813 shares during the period. Finally, Curated Wealth Partners LLC increased its holdings in shares of Apollo Global Management by 91.8% in the third quarter. Curated Wealth Partners LLC now owns 2,205,762 shares of the financial services provider’s stock valued at $255,887,000 after purchasing an additional 1,055,818 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Piper Sandler restated an “overweight” rating and issued a $145.00 price objective on shares of Apollo Global Management in a research note on Wednesday. Argus dropped their target price on Apollo Global Management from $160.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday. UBS Group cut their price target on shares of Apollo Global Management from $163.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday. Royal Bank Of Canada reduced their price target on shares of Apollo Global Management from $146.00 to $138.00 and set a “sector perform” rating for the company in a research report on Wednesday. Finally, The Goldman Sachs Group reduced their price target on shares of Apollo Global Management from $154.00 to $148.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.68.

Insider Activity at Apollo Global Management

In related news, insider Whitney Chatterjee sold 7,339 shares of Apollo Global Management stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $117.83, for a total value of $864,754.37. Following the sale, the insider owned 129,151 shares of the company’s stock, valued at approximately $15,217,862.33. This trade represents a 5.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the completion of the sale, the chief financial officer directly owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. The trade was a 0.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 8.30% of the company’s stock.

Key Stories Impacting Apollo Global Management

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

• Positive Sentiment: JPMorgan Chase raised its price target on Apollo, offering a counterpoint to recent analyst reductions. The available report does not specify the new target. Article: Apollo Global Management Stock Gets Price Target Increase from JPMorgan Chase
• Positive Sentiment: UBS and Argus both maintained “buy” ratings despite lowering their targets: UBS cut its target from $163 to $160, while Argus reduced its target from $160 to $140. Their continued buy ratings indicate both firms still see potential upside from the referenced $116.78 share price. Read More. · Read More.
• Neutral Sentiment: Apollo and Goldman Sachs are reportedly seeking buyers for a roughly $40 billion SpaceX AI-chip financing deal. The potential transaction could create financing opportunities, but it remains a reported effort to place the deal, not a confirmed completed investment. Article: Goldman, Apollo in talks to sell SpaceX’s AI deal
• Neutral Sentiment: Nvidia is reportedly interested in Apollo’s struggling telecom sites as potential data-center locations. A sale or other deal could help monetize the assets, though no agreement was reported. Article: Nvidia Eyes Apollo’s Struggling Telecom Sites
• Negative Sentiment: RBC issued a pessimistic forecast, while Keefe, Bruyette & Woods and Barclays lowered their expectations for APO. Together with the Argus and UBS target cuts, the revisions point to more cautious analyst sentiment, even as some firms retain buy ratings. Read More. · Read More. · Read More.
• Negative Sentiment: A report highlighted a 6.7% one-session decline in Apollo shares, underscoring recent volatility; the article listing did not identify a specific cause for that drop. Article: Apollo Global Management Drops 6.7%

Apollo Global Management Stock Performance

APO stock traded down $0.49 during trading on Friday, hitting $116.78. 3,319,427 shares of the company traded hands, compared to its average volume of 3,667,484. The stock’s 50-day simple moving average is $120.79 and its 200 day simple moving average is $122.95. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. The company has a market cap of $68.96 billion, a PE ratio of -63.81, a P/E/G ratio of 1.10 and a beta of 1.51. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $153.29.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). The firm had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.65 billion. Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%. During the same period in the previous year, the business earned $1.92 EPS. On average, equities analysts expect that Apollo Global Management Inc. will post 7.96 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Wednesday, November 18th will be given a $0.5625 dividend. The ex-dividend date is Wednesday, November 18th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.9%. Apollo Global Management’s payout ratio is -122.95%.

Apollo Global Management Profile

Apollo Global Management is a global alternative asset manager that provides investment management and retirement services. Its investment strategies span private equity, credit and real assets, including infrastructure, and it serves institutional and individual investors.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan. It has since expanded its investment businesses and retirement-services operations, including through Athene, its retirement services platform.

Apollo operates across global markets and is led by co-founder Marc Rowan, who serves as chief executive officer.