Kendall Capital Management acquired a new stake in shares of Apollo Global Management Inc. (NYSE:APO – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,485 shares of the financial services provider’s stock, valued at approximately $531,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new stake in Apollo Global Management in the 4th quarter worth $29,000. Osbon Capital Management LLC purchased a new stake in shares of Apollo Global Management in the fourth quarter worth about $36,000. Steigerwald Gordon & Koch Inc. boosted its stake in Apollo Global Management by 484.1% during the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock valued at $29,000 after buying an additional 213 shares during the last quarter. MBM Wealth Consultants LLC bought a new stake in Apollo Global Management in the 1st quarter worth approximately $29,000. Finally, Keating Financial Advisory Services Inc. purchased a new stake in shares of Apollo Global Management during the 2nd quarter worth approximately $31,000. Institutional investors own 77.06% of the company’s stock.
Insider Buying and Selling
In other news, insider John P. Zito sold 48,644 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider directly owned 3,063,696 shares of the company’s stock, valued at approximately $400,302,519.36. This trade represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Martin Kelly sold 3,000 shares of Apollo Global Management stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $140.84, for a total transaction of $422,520.00. Following the sale, the chief financial officer directly owned 396,533 shares of the company’s stock, valued at $55,847,707.72. This represents a 0.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 8.30% of the company’s stock.
Wall Street Analysts Forecast Growth
More Apollo Global Management News
Here are the key news stories impacting Apollo Global Management this week:
- Positive Sentiment: Apollo joined an early Section 48E tax-equity deal, expanding its participation in financing opportunities tied to clean-energy projects and the U.S. investment-tax-credit framework. The transaction could support future fee generation and strengthen Apollo’s position in alternative-energy financing. Apollo Global Management Joins Early Section 48E Tax Equity Deal
- Neutral Sentiment: Apollo said an investigation found unauthorized access to some cloud platforms from July 6 through July 10 following a social-engineering incident. The company is assessing the affected information and has disclosed the breach to the public. Apollo Global Management Hit by Social Engineering Attack and Data Breach
- Negative Sentiment: Potentially exposed information includes Social Security numbers and other personal data. The incident may increase Apollo’s costs for investigation, customer support, remediation and security upgrades, while also raising the risk of regulatory scrutiny, lawsuits and reputational damage for the financial-services firm. Apollo Global Confirms Data Breach; Personal Data Potentially Exposed
- Negative Sentiment: Reports characterize the event as part of a broader wave of social-engineering attacks targeting financial companies. Because the intrusion involved compromised access to cloud systems rather than conventional malware, investors may view it as evidence of an ongoing operational and cybersecurity risk. Apollo’s Recent Breach Exposed a Major Risk for Finance Firms
Apollo Global Management Stock Up 2.0%
NYSE:APO opened at $132.63 on Friday. Apollo Global Management Inc. has a twelve month low of $99.56 and a twelve month high of $153.29. The company has a market cap of $78.32 billion, a price-to-earnings ratio of 48.58, a price-to-earnings-growth ratio of 1.19 and a beta of 1.51. The stock has a fifty day simple moving average of $126.64 and a 200-day simple moving average of $122.75. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34.
Apollo Global Management (NYSE:APO – Get Free Report) last posted its quarterly earnings results 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). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.The company had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the previous year, the company posted $1.92 earnings per share. Analysts anticipate that Apollo Global Management Inc. will post 8.08 EPS for the current year.
Apollo Global Management Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be paid a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, August 19th. Apollo Global Management’s dividend payout ratio is currently 82.42%.
About Apollo Global Management
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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