Apollo Global Management (NYSE:APO) Insider John Zito Sells 48,644 Shares

Apollo Global Management Inc. (NYSE:APO) insider John Zito sold 48,644 shares of Apollo Global Management 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 sale, the insider owned 3,063,696 shares in the company, valued at $400,302,519.36. This represents a 1.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Apollo Global Management Trading Down 2.1%

APO opened at $127.55 on Friday. The firm has a market capitalization of $73.54 billion, a P/E ratio of 81.24, a P/E/G ratio of 1.12 and a beta of 1.52. The firm’s 50 day moving average is $120.79 and its 200-day moving average is $127.92. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $157.28. 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 (NYSE:APO) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.05. The company had revenue of $5.06 billion for the quarter, compared to analyst estimates of $5.19 billion. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The business’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.82 earnings per share. Analysts expect that Apollo Global Management Inc. will post 8.28 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be paid a $0.5625 dividend. This represents a $2.25 annualized dividend and a dividend yield of 1.8%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.51. The ex-dividend date is Tuesday, May 19th. Apollo Global Management’s payout ratio is presently 143.31%.

Trending Headlines about Apollo Global Management

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

• Positive Sentiment: Apollo is expanding its alternative-asset footprint by backing Apex Service Partners in a deal that values the HVAC/electrical/plumbing platform at about $10 billion, signaling continued deal activity and potential fee-income growth. Apex Service sells minority stake to Apollo at $10 bln valuation, source says
• Positive Sentiment: The company is also tied to a large financing effort for AI infrastructure, with reports that Apollo is arranging $36 billion of debt related to chip purchases for Anthropic, underscoring its role in major private-credit transactions. Apollo Shops $36 Billion Debt to Buy AI Chips for Anthropic (1)
• Positive Sentiment: Apollo’s presentation at Bernstein’s annual strategic decisions conference may help reinforce management’s upbeat message on fundraising, deployment opportunities, and long-term growth. Apollo Global Management, Inc. (APO) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Neutral Sentiment: Reuters reported that Apollo’s president expects wealthy clients to keep withdrawing money from some private credit funds, which suggests ongoing pressure in parts of the business but does not by itself change the company’s broader earnings picture. Apollo’s president sees continued withdrawals from US private credit funds for the wealthy
• Negative Sentiment: Insider John P. Zito sold 48,644 shares at an average price of $130.66, a transaction that can weigh on investor sentiment even though he still holds a large stake. Apollo Global Management stock insider sale disclosure

Institutional Trading of Apollo Global Management

Institutional investors have recently added to or reduced their stakes in the business. Atlantic Union Bankshares Corp increased its stake in 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 valued at $27,000 after purchasing an additional 99 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in Apollo Global Management during the fourth quarter valued at $29,000. Osbon Capital Management LLC bought a new stake in Apollo Global Management during the fourth quarter valued at $36,000. Steigerwald Gordon & Koch Inc. increased 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 purchasing an additional 213 shares during the last quarter. Finally, MBM Wealth Consultants LLC bought a new stake in Apollo Global Management during the first quarter valued at $29,000. Institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Weiss Ratings cut Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Evercore restated an “outperform” rating on shares of Apollo Global Management in a research note on Tuesday, April 21st. UBS Group lifted their price target on shares of Apollo Global Management from $138.00 to $158.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Morgan Stanley dropped their price target on shares of Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Finally, Royal Bank Of Canada lifted their price target on shares of Apollo Global Management from $139.00 to $146.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.23.

Apollo Global Management Company 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.