Apollo Global Management Inc. $APO Stock Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its position in shares of Apollo Global Management Inc. (NYSE:APO) by 1,382.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 505,251 shares of the financial services provider’s stock after purchasing an additional 471,175 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Apollo Global Management were worth $58,639,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of APO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Apollo Global Management by 4.3% in 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 valued at $669,372,000 after purchasing an additional 234,517 shares during the last quarter. Legal & General Group Plc purchased a new position in shares of Apollo Global Management in the second quarter valued at $459,987,000. Bank of New York Mellon Corp purchased a new position in shares of Apollo Global Management in the second quarter valued at $336,644,000. Temasek Holdings Private Ltd increased its position 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 buying an additional 1,614,813 shares in the last quarter. Finally, Curated Wealth Partners LLC raised its stake in shares of Apollo Global Management by 91.8% during the 3rd quarter. Curated Wealth Partners LLC now owns 2,205,762 shares of the financial services provider’s stock worth $255,887,000 after buying an additional 1,055,818 shares during the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Stock Down 0.4%

Shares of NYSE APO opened at $116.78 on Friday. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $153.29. The firm’s 50 day moving average price is $120.79 and its 200 day moving average price is $122.95. The firm has a market cap of $68.96 billion, a P/E ratio of -63.81, a price-to-earnings-growth ratio of 1.09 and a beta of 1.51. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.41.

Apollo Global Management Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently commented on APO. HSBC began coverage on shares of Apollo Global Management in a research report on Monday, July 20th. They issued a “buy” rating and a $145.00 price objective on the stock. Argus dropped their target price on shares of Apollo Global Management from $160.00 to $140.00 and set a “buy” rating for the company in a report on Friday. TD Cowen dropped their target price on shares of Apollo Global Management from $154.00 to $136.00 and set a “buy” rating for the company in a report on Wednesday. Barclays cut 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 research report on Wednesday. Finally, Weiss Ratings raised shares of Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 21st. Thirteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $145.68.

Apollo Global Management News Roundup

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%

Insiders Place Their Bets

In other news, insider Whitney Chatterjee sold 7,339 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $117.83, for a total transaction of $864,754.37. Following the sale, the insider owned 129,151 shares in the company, valued at $15,217,862.33. This trade represents a 5.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the sale, the chief financial officer owned 396,533 shares in the company, valued at $55,847,707.72. This trade represents 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.

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.