Fifth Third Bancorp Buys 75,130 Shares of Apollo Global Management Inc. $APO

Fifth Third Bancorp boosted its position in Apollo Global Management Inc. (NYSE:APO) by 404.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93,716 shares of the financial services provider’s stock after buying an additional 75,130 shares during the quarter. Fifth Third Bancorp’s holdings in Apollo Global Management were worth $10,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Apollo Global Management in the fourth quarter valued at $29,000. MBM Wealth Consultants LLC purchased a new stake in Apollo Global Management in the first quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. raised its position in shares of 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 valued at $29,000 after buying an additional 213 shares in the last quarter. Osbon Capital Management LLC purchased a new stake in Apollo Global Management during the fourth quarter valued at about $36,000. Finally, Physician Wealth Advisors Inc. raised its holdings in shares of Apollo Global Management by 57.8% during the 4th quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock valued at $38,000 after buying an additional 96 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Trending Headlines about Apollo Global Management

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

• Positive Sentiment: Apollo Funds completed the acquisitions of Emerald Holding and Questex, combining the two into a larger B2B events and media platform that management says is positioned for sustained long-term growth. Apollo Funds Complete Acquisitions of Emerald and Questex, Creating a Scaled, B2B Experiential Events and Media Platform Positioned to Drive Sustained, Long-Term Growth
• Positive Sentiment: Apollo’s £5.7 billion cash bid for easyJet has fueled speculation that the firm sees significant value in distressed European transport assets, reinforcing its reputation for opportunistic dealmaking. Baggage Claim: Apollo’s $7.7 Billion Bid to Acquire easyJet
• Neutral Sentiment: Bloomberg coverage highlighted Apollo executive John Zelter’s view that private capital can help fill state spending gaps, reinforcing the firm’s broader fundraising and deployment narrative. Apollo’s Zelter Sees Private Capital Plugging State Spending Gap
• Neutral Sentiment: Several brokerages trimmed price targets on Apollo, but still kept ratings in the range of market perform to overweight, suggesting expectations were adjusted lower without turning decisively bearish. Brokerage target cuts for Apollo Global Management
• Negative Sentiment: The easyJet deal could pressure Apollo’s near-term liquidity and execution profile, especially with EU ownership rules and an August 7 deadline still unresolved. EasyJet takeover battle intensifies after Apollo bid

Apollo Global Management Price Performance

APO stock opened at $119.93 on Wednesday. The firm has a market capitalization of $69.14 billion, a P/E ratio of 76.39, a price-to-earnings-growth ratio of 1.07 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 company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.45. The company has a fifty day simple moving average of $128.02 and a two-hundred day simple moving average of $125.45.

Apollo Global Management (NYSE:APO) last issued 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 business had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $5.19 billion. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The company’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.82 earnings per share. Analysts anticipate that Apollo Global Management Inc. will post 8.23 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were issued a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 1.9%. 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 payout ratio is currently 143.31%.

Insider Activity at Apollo Global Management

In other 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 value of $6,355,825.04. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on APO. Wall Street Zen downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Barclays increased their price target on shares of Apollo Global Management from $131.00 to $132.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. The Goldman Sachs Group dropped their price objective on shares of Apollo Global Management from $169.00 to $134.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. UBS Group increased their target price on Apollo Global Management from $138.00 to $158.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $149.50.

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.