Apollo Global Management Inc. $APO Shares Sold by Kelleher Financial Advisors

Kelleher Financial Advisors cut its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 50.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,748 shares of the financial services provider’s stock after selling 10,780 shares during the period. Kelleher Financial Advisors’ holdings in Apollo Global Management were worth $1,247,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Legal & General Group Plc acquired a new position in Apollo Global Management in the 2nd quarter worth about $459,987,000. Bank of New York Mellon Corp purchased a new position in Apollo Global Management during the second quarter worth approximately $336,644,000. Temasek Holdings Private Ltd grew its holdings in Apollo Global Management by 214.4% in 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 purchasing an additional 1,614,813 shares during the period. Deutsche Bank AG acquired a new stake in Apollo Global Management in the second quarter valued at approximately $172,290,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Apollo Global Management in the second quarter valued at approximately $136,528,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. HSBC began coverage on Apollo Global Management in a research note on Monday, July 20th. They set a “buy” rating and a $145.00 target price for the company. Piper Sandler reissued an “overweight” rating and issued a $145.00 price target on shares of Apollo Global Management in a report on Wednesday. BMO Capital Markets reduced their price objective on shares of Apollo Global Management from $134.00 to $124.00 and set a “market perform” rating for the company in a research report on Tuesday, October 27th. Royal Bank Of Canada decreased their price objective on shares of Apollo Global Management from $146.00 to $138.00 and set a “sector perform” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on shares of Apollo Global Management from $153.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday. Fourteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and a consensus price target of $147.30.

Apollo Global Management Stock Performance

NYSE APO opened at $122.96 on Thursday. The company has a market cap of $72.61 billion, a PE ratio of -67.19, a price-to-earnings-growth ratio of 1.05 and a beta of 1.51. The stock’s 50 day simple moving average is $121.46 and its 200-day simple moving average is $123.19. Apollo Global Management Inc. has a 1-year low of $99.56 and a 1-year high of $153.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.41 and a quick ratio of 1.70.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.16 by ($0.05). Apollo Global Management had a positive return on equity of 12.11% and a negative net margin of 2.98%. The firm had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter in the previous year, the firm posted $1.92 earnings per share. As a group, equities research analysts anticipate that Apollo Global Management Inc. will post 7.96 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Wednesday, November 18th will be paid a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, November 18th. Apollo Global Management’s payout ratio is 82.42%.

Insider Transactions at Apollo Global Management

In other news, CFO Martin Kelly sold 3,000 shares of the company’s stock in a transaction 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 sale, the chief financial officer owned 396,533 shares of the company’s stock, valued at $55,847,707.72. This represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.30% of the stock is currently owned by company insiders.

Trending Headlines about Apollo Global Management

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

• Positive Sentiment: Apollo reported record quarterly originations of $114 billion, fee-related earnings of $802 million and assets under management of $1.07 trillion. The figures point to growing activity and scale across its business. Apollo reports record originations and AUM
• Positive Sentiment: Apollo is expanding its private-credit business, including a new European lending platform, while AI-related financing demand presents a potential source of future originations. Apollo launches European lending platform
• Neutral Sentiment: Analyst actions were mixed: JPMorgan raised its target to $157 and kept an Overweight rating, while Morgan Stanley, Barclays, RBC and KBW trimmed targets. The latter group retained Overweight or equivalent ratings, except RBC’s Sector Perform. JPMorgan analyst update
• Negative Sentiment: Third-quarter results missed analyst expectations, and Apollo posted a $1.06 billion net loss attributable to common stockholders, compared with a profit a year earlier. The company attributed the loss to investment-related items; rising expenses also weighed on the earnings picture. Apollo swings to a loss on investment-related losses

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE:APO) is a global alternative asset manager that provides investment solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.

Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.