Schwartz Investment Counsel Inc. lifted its position in Apollo Global Management Inc. (NYSE:APO – Free Report) by 16.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 31,445 shares of the financial services provider’s stock after purchasing an additional 4,481 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in Apollo Global Management were worth $4,552,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp raised its position in shares of Apollo Global Management by 99.0% during the third quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 99 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Apollo Global Management in the 4th quarter valued at about $29,000. Physician Wealth Advisors Inc. increased its stake in Apollo Global Management by 57.8% in the fourth quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 96 shares in the last quarter. City Holding Co. raised its stake in Apollo Global Management by 391.9% during the 4th quarter. City Holding Co. now owns 305 shares of the financial services provider’s stock worth $44,000 after buying an additional 243 shares during the period. Finally, CX Institutional acquired a new stake in shares of Apollo Global Management during the third quarter worth about $48,000. Institutional investors own 77.06% of the company’s stock.
Apollo Global Management Price Performance
APO stock opened at $131.99 on Wednesday. The company’s 50-day moving average price is $114.93 and its two-hundred day moving average price is $127.54. 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 12 month low of $99.56 and a 12 month high of $157.28. The firm has a market cap of $76.32 billion, a P/E ratio of 84.07, a P/E/G ratio of 1.09 and a beta of 1.52.
Apollo Global Management Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be paid 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 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, May 19th. Apollo Global Management’s payout ratio is 129.94%.
More Apollo Global Management News
Here are the key news stories impacting Apollo Global Management this week:
- Positive Sentiment: Apollo Funds announced a deal to acquire majority stakes in Noble Environmental and to buy Emerald Holding and Questex, moves that expand Apollo’s portfolio and support growth in waste management and live events. Apollo Funds Acquire Majority Stake in Noble Environmental, Inc. Apollo Funds to Acquire Emerald and Questex to Create Leading North American B2B Events Platform
- Positive Sentiment: Analysts remain broadly upbeat on Apollo Global Management (APO), with commentary citing a Moderate Buy consensus and a higher price target after recent deal activity, which supports the stock’s momentum. Wall Street’s Verdict on Apollo Global After a Flurry of Dealmaking
- Neutral Sentiment: Reuters and other outlets reported Apollo may be exploring a sale of its MidCap Financial private credit fund, a move that could reflect portfolio management rather than a major strategic shift. Apollo in talks to sell $3 billion private credit fund, WSJ reports
- Neutral Sentiment: Bloomberg Law reported a recusal bid involving an Apollo restructuring judge over a Skadden tie, and protesters targeted Apollo in Palm Beach; these items create headline risk but are not direct operating updates. Apollo Restructuring Judge Hit With Recusal Bid Over Skadden Tie Protesters in Palm Beach target Unilever, Apollo Global Management
- Negative Sentiment: Some reports tied Apollo to broader private credit turbulence and fears about loan quality, which could weigh on sentiment toward alternative asset managers if concerns deepen. Apollo in Talks to Sell $3 Billion Fund, Report Says. What It Says About Private Credit Fears. Private Credit’s Hot Streak Is Over
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on the company. Weiss Ratings cut Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. UBS Group boosted their price target on Apollo Global Management from $138.00 to $158.00 and gave the stock a “buy” rating in a research report on Friday. Argus upgraded Apollo Global Management to a “strong-buy” rating in a research note on Thursday, February 19th. Evercore restated an “outperform” rating on shares of Apollo Global Management in a report on Tuesday, April 21st. Finally, The Goldman Sachs Group cut their price target on shares of Apollo Global Management from $169.00 to $134.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Apollo Global Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.75.
Check Out Our Latest Stock Analysis on Apollo Global Management
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.
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