Knollwood Investment Advisory LLC reduced its position in shares of Apollo Global Management Inc. (NYSE:APO – Free Report) by 15.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 39,200 shares of the financial services provider’s stock after selling 7,336 shares during the quarter. Knollwood Investment Advisory LLC’s holdings in Apollo Global Management were worth $5,675,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Apollo Global Management by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 47,760,608 shares of the financial services provider’s stock worth $6,913,826,000 after purchasing an additional 340,956 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Apollo Global Management by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 10,198,837 shares of the financial services provider’s stock worth $1,469,793,000 after purchasing an additional 200,312 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Apollo Global Management by 7.3% during the third quarter. Northern Trust Corp now owns 4,385,787 shares of the financial services provider’s stock worth $584,494,000 after purchasing an additional 299,698 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Apollo Global Management by 4.5% during the fourth quarter. Legal & General Group Plc now owns 3,611,839 shares of the financial services provider’s stock worth $522,850,000 after purchasing an additional 155,857 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Apollo Global Management by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,288,100 shares of the financial services provider’s stock worth $475,985,000 after purchasing an additional 98,945 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.
Apollo Global Management Price Performance
Apollo Global Management stock opened at $134.08 on Friday. The stock has a market capitalization of $77.30 billion, a price-to-earnings ratio of 85.40, a PEG ratio of 1.15 and a beta of 1.50. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $157.28. The stock’s 50 day moving average price is $125.01 and its two-hundred day moving average price is $127.98. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.73.
Apollo Global Management Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were issued a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, May 19th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s dividend payout ratio (DPR) is currently 143.31%.
Insider Activity
In other Apollo Global Management news, insider John P. Zito sold 48,644 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was 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 in the company, valued at approximately $400,302,519.36. This represents a 1.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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: Reports say Apollo is leaning toward Austin, Texas, for a second U.S. headquarters. A larger footprint in a major growth market could support long-term hiring, deal flow, and brand visibility. Apollo Global Management chooses Austin for second HQ, report says
- Positive Sentiment: Several reports highlighted Apollo’s role in large AI infrastructure financing, including backing Broadcom’s multi-billion-dollar AI push and lending against AI chips and computing power. Investors may see this as evidence that Apollo is well positioned to profit from booming demand for AI-related capital. Apollo Global Management (APO) Is Up 5.5% After Backing Broadcom’s $35 Billion AI Infrastructure Push
- Positive Sentiment: Apollo executives have been publicly emphasizing opportunities in AI, including screening software investments for AI threat risk and arguing that AI will pressure certain industries while creating attractive financing opportunities. That keeps Apollo in the center of a major market theme. Apollo Is Screening All Software Investments for AI Threat Risk
- Neutral Sentiment: Management also warned that software valuations may be overpriced and that private equity marks can be misstated. While this reflects Apollo’s cautious underwriting stance, it does not appear to be a direct negative for the stock today. Apollo’s Zito warns software valuations are overpriced, calls out private equity ‘misstating’ marks
- Neutral Sentiment: Apollo is reportedly seeking a Japan insurance license, which would expand its financial-services reach if approved, but the move is still subject to regulatory hurdles. Apollo seeks Japan insurance licence amid regulatory hurdles – report
Analyst Ratings Changes
APO has been the topic of several analyst reports. Royal Bank Of Canada upped their target price on Apollo Global Management from $139.00 to $146.00 and gave the company a “sector perform” rating in a report on Thursday, May 7th. The Goldman Sachs Group reduced their target price on Apollo Global Management from $169.00 to $134.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Wall Street Zen cut Apollo Global Management from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. Finally, Argus upgraded Apollo Global Management to a “strong-buy” rating in a report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Apollo Global Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.23.
Check Out Our Latest Report on APO
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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