NewEdge Wealth LLC Buys Shares of 86,404 Apollo Global Management Inc. $APO

Posted by Brenda Bartman on Aug 20th, 2026

NewEdge Wealth LLC purchased a new stake in shares of Apollo Global Management Inc. (NYSE:APO – Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 86,404 shares of the financial services provider’s stock, valued at approximately $10,222,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of Apollo Global Management in the fourth quarter valued at approximately $29,000. Osbon Capital Management LLC bought a new stake in Apollo Global Management during the 4th quarter worth approximately $36,000. Steigerwald Gordon & Koch Inc. increased its holdings in Apollo Global Management by 484.1% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 213 shares during the period. MBM Wealth Consultants LLC purchased a new stake in Apollo Global Management in the 1st quarter worth approximately $29,000. Finally, Physician Wealth Advisors Inc. lifted its stake in Apollo Global Management by 57.8% in the 4th quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 96 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $133.59 on Thursday. The company’s fifty day moving average price is $126.74 and its 200-day moving average price is $122.71. The firm has a market capitalization of $78.89 billion, a price-to-earnings ratio of 48.94, a PEG ratio of 1.20 and a beta of 1.51. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $153.29. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70.

Apollo Global Management (NYSE:APO – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (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 for the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the prior year, the firm posted $1.92 earnings per share. On average, equities research analysts anticipate that Apollo Global Management Inc. will post 8.12 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.5625 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.25 dividend on an annualized basis and a yield of 1.7%. Apollo Global Management’s dividend payout ratio (DPR) is presently 82.42%.

Analysts Set New Price Targets

A number of research firms have recently commented on APO. Wall Street Zen upgraded shares of Apollo Global Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday. Barclays increased their price objective on Apollo Global Management from $132.00 to $157.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Morgan Stanley reduced their target price on Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Royal Bank Of Canada upped their target price on Apollo Global Management from $137.00 to $146.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. Finally, UBS Group raised their price target on Apollo Global Management from $157.00 to $172.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.77.

Check Out Our Latest Stock Report on APO

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, insider John P. Zito sold 48,644 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total value of $6,355,825.04. Following the completion of the sale, the insider owned 3,063,696 shares of the company’s stock, valued at $400,302,519.36. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was 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 owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. The trade was a 0.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 8.30% of the company’s stock.

Apollo Global Management Profile

(Free Report)

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.