Kendall Capital Management Makes New Investment in Apollo Global Management Inc. $APO

Kendall Capital Management bought a new stake in shares of Apollo Global Management Inc. (NYSE:APO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,485 shares of the financial services provider’s stock, valued at approximately $531,000.

Several other large investors have also modified their holdings of the business. Bank of New York Mellon Corp purchased a new stake in shares of Apollo Global Management in the 2nd quarter worth approximately $336,644,000. Boston Partners boosted its stake in shares of Apollo Global Management by 106.7% during the fourth quarter. Boston Partners now owns 3,278,862 shares of the financial services provider’s stock valued at $474,384,000 after purchasing an additional 1,692,532 shares in the last quarter. Temasek Holdings Private Ltd increased its holdings in Apollo Global Management by 214.4% during the first quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock valued at $263,861,000 after buying an additional 1,614,813 shares during the period. Deutsche Bank AG bought a new position in Apollo Global Management in the second quarter worth approximately $172,290,000. Finally, Focus Partners Wealth raised its stake in Apollo Global Management by 2,560.3% in the fourth quarter. Focus Partners Wealth now owns 1,404,576 shares of the financial services provider’s stock worth $203,324,000 after buying an additional 1,351,778 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on APO. Wall Street Zen raised Apollo Global Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Apollo Global Management in a research note on Thursday, May 7th. TD Cowen reiterated a “buy” rating on shares of Apollo Global Management in a research note on Thursday, August 6th. Barclays boosted their target price on shares of Apollo Global Management from $132.00 to $157.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Finally, UBS Group raised their price target on shares of 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $152.77.

Apollo Global Management Stock Performance

Shares of APO opened at $132.63 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34. The firm has a market cap of $78.32 billion, a PE ratio of 48.58, a P/E/G ratio of 1.19 and a beta of 1.51. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $153.29. The stock has a fifty day moving average price of $126.64 and a 200-day moving average price of $122.75.

Apollo Global Management (NYSE:APO) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by ($0.05). Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. The business had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same period in the prior year, the company earned $1.92 earnings per share. Equities research analysts predict that Apollo Global Management Inc. will post 8.08 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be paid 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 dividend yield of 1.7%. Apollo Global Management’s payout ratio is presently 82.42%.

Insider Activity

In other news, insider John P. Zito sold 48,644 shares of the company’s stock in a transaction dated 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 transaction, the insider owned 3,063,696 shares in the company, valued at $400,302,519.36. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the chief financial officer directly owned 396,533 shares of the company’s stock, valued at $55,847,707.72. The trade was a 0.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 8.30% 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 joined an early Section 48E tax-equity deal, expanding its participation in financing opportunities tied to clean-energy projects and the U.S. investment-tax-credit framework. The transaction could support future fee generation and strengthen Apollo’s position in alternative-energy financing. Apollo Global Management Joins Early Section 48E Tax Equity Deal
• Neutral Sentiment: Apollo said an investigation found unauthorized access to some cloud platforms from July 6 through July 10 following a social-engineering incident. The company is assessing the affected information and has disclosed the breach to the public. Apollo Global Management Hit by Social Engineering Attack and Data Breach
• Negative Sentiment: Potentially exposed information includes Social Security numbers and other personal data. The incident may increase Apollo’s costs for investigation, customer support, remediation and security upgrades, while also raising the risk of regulatory scrutiny, lawsuits and reputational damage for the financial-services firm. Apollo Global Confirms Data Breach; Personal Data Potentially Exposed
• Negative Sentiment: Reports characterize the event as part of a broader wave of social-engineering attacks targeting financial companies. Because the intrusion involved compromised access to cloud systems rather than conventional malware, investors may view it as evidence of an ongoing operational and cybersecurity risk. Apollo’s Recent Breach Exposed a Major Risk for Finance Firms

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.