Apollo Global Management Inc. $APO Shares Acquired by Titan Investment Management LLC

Titan Investment Management LLC lifted its holdings in shares of Apollo Global Management Inc. (NYSE:APO – Free Report) by 111.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,219 shares of the financial services provider’s stock after buying an additional 12,791 shares during the period. Apollo Global Management accounts for approximately 2.1% of Titan Investment Management LLC’s holdings, making the stock its 16th biggest position. Titan Investment Management LLC’s holdings in Apollo Global Management were worth $2,811,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MBM Wealth Consultants LLC bought a new position in Apollo Global Management in the first quarter worth about $29,000. Steigerwald Gordon & Koch Inc. boosted its stake in Apollo Global Management by 484.1% in the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 213 shares during the period. Continuum Advisory LLC bought a new position in shares of Apollo Global Management during the second quarter valued at approximately $30,000. Keating Financial Advisory Services Inc. bought a new position in shares of Apollo Global Management during the second quarter valued at approximately $31,000. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Apollo Global Management during the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Apollo Global Management from $150.00 to $154.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 2nd. UBS Group reduced their price objective on Apollo Global Management from $172.00 to $163.00 and set a “buy” rating for the company in a research report on Tuesday, October 13th. BMO Capital Markets boosted their price objective on Apollo Global Management from $126.00 to $134.00 and gave the company a “market perform” rating in a research report on Monday, August 10th. TD Cowen cut their target price on Apollo Global Management from $159.00 to $154.00 and set a “buy” rating on the stock in a research note on Monday, October 12th. Finally, Piper Sandler reduced their price target on shares of Apollo Global Management from $159.00 to $145.00 and set an “overweight” rating for the company in a report on Monday. Fourteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.90.

Check Out Our Latest Analysis on Apollo Global Management

Apollo Global Management Stock Up 2.6%

Apollo Global Management stock opened at $114.65 on Friday. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $153.29. The stock has a market cap of $67.70 billion, a price-to-earnings ratio of 42.00, a PEG ratio of 1.03 and a beta of 1.58. The company’s 50-day moving average price is $124.66 and its two-hundred day moving average price is $125.32. 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 released its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). The firm had revenue of $5.57 billion during 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 quarter last year, the company earned $1.92 earnings per share. On average, analysts expect that Apollo Global Management Inc. will post 7.97 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th were given a dividend of $0.5625 per share. The ex-dividend date was Wednesday, August 19th. This represents a $2.25 annualized dividend and a dividend yield of 2.0%. Apollo Global Management’s dividend payout ratio (DPR) is 82.42%.

Apollo Global Management News Roundup

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

  • Positive Sentiment: Apollo and UDR announced a roughly $2 billion strategic partnership focused on a multifamily real-estate portfolio. Apollo is expected to acquire a majority stake, expanding its real-estate platform and providing additional fee-generating assets. UDR, Apollo Form $2.0 Billion Strategic Partnership
  • Positive Sentiment: Reports that Apollo and Blackstone are seeking approval to purchase minority stakes in NFL teams point to potential access to valuable sports assets and new alternative-investment opportunities. Any benefit remains dependent on regulatory approval and completed transactions. Apollo, Blackstone Have NFL Aspirations
  • Positive Sentiment: Apollo’s appointment of cryptocurrency investor Micky Malka to its board, effective January 1, 2027, could strengthen the firm’s expertise and relationships in digital assets and emerging financial technologies. Apollo Announces Board Appointment
  • Neutral Sentiment: Yankees owner Hal Steinbrenner said he has no plans to sell the team following Apollo’s deal, clarifying that the transaction does not currently signal a change in Yankees control. Hal Steinbrenner Has No Plans to Sell Yankees
  • Neutral Sentiment: CEO Marc Rowan’s view that there is little “alpha” in public markets reinforces Apollo’s emphasis on private markets and alternative assets, but does not represent a new financial forecast. Why Apollo’s Marc Rowan Says There Is No Alpha in Public Markets
  • Negative Sentiment: Piper Sandler lowered its price target for APO, signaling more cautious expectations for valuation or earnings despite the recent share-price strength. Apollo Stock Price Target Cut by Piper Sandler

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 3,000 shares of the 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.30% of the stock is owned by insiders.

Apollo Global Management Company Profile

(Free Report)

Apollo Global Management, Inc (NYSE:APO) is a global alternative asset manager that provides investment solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.

Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.

See Also

Want to see what other hedge funds are holding APO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Global Management Inc. (NYSE:APO – Free Report).

Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

Receive News & Ratings for Apollo Global Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Global Management and related companies with MarketBeat.com's FREE daily email newsletter.