4,777 Shares in Apollo Global Management Inc. $APO Bought by Fideuram Asset Management Ireland dac

Fideuram Asset Management Ireland dac acquired a new position in shares of Apollo Global Management Inc. (NYSE:APO) in the 4th quarter, HoldingsChannel reports. The fund acquired 4,777 shares of the financial services provider’s stock, valued at approximately $696,000.

Several other large investors have also modified their holdings of APO. Vanguard Group Inc. boosted its holdings in shares of Apollo Global Management by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 47,419,652 shares of the financial services provider’s stock worth $6,319,617,000 after buying an additional 1,377,545 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Apollo Global Management by 31.1% during the 3rd quarter. Bessemer Group Inc. now owns 1,617,228 shares of the financial services provider’s stock worth $215,530,000 after buying an additional 383,198 shares during the period. Bahl & Gaynor Inc. boosted its holdings in shares of Apollo Global Management by 62.0% during the 3rd quarter. Bahl & Gaynor Inc. now owns 996,727 shares of the financial services provider’s stock worth $132,834,000 after buying an additional 381,479 shares during the period. Northern Trust Corp boosted its holdings in shares of Apollo Global Management by 7.3% during the 3rd quarter. Northern Trust Corp now owns 4,385,787 shares of the financial services provider’s stock worth $584,494,000 after buying an additional 299,698 shares during the period. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in Apollo Global Management in the 4th quarter valued at $40,454,000. 77.06% of the stock is owned by institutional investors.

Insider Activity

In related news, insider John P. Zito sold 48,644 shares of the 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 completion of the sale, the insider owned 3,063,696 shares in the company, valued at $400,302,519.36. This trade represents a 1.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 8.30% of the stock is owned by company insiders.

Key Headlines Impacting Apollo Global Management

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

• Positive Sentiment: Apollo is helping arrange a massive $36 billion debt financing package tied to Anthropic’s AI chip purchases, highlighting strong demand for its private-credit capabilities and potential fee-generating opportunities. Apollo Shops $36 Billion Debt to Buy AI Chips for Anthropic (1)
• Positive Sentiment: Apollo also joined a deal backing Apex Service Partners, with reports valuing the home-services platform at about $10 billion, reinforcing the firm’s active deal pipeline and alternative-asset growth story. Apex Service sells minority stake to Apollo at $10 bln valuation, source says
• Positive Sentiment: Apollo’s appearance at Bernstein’s strategic decisions conference may have helped reinforce confidence in management’s fundraising and deployment outlook. 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 from some private credit funds, which suggests ongoing pressure in part of the business but does not appear to change the broader investment thesis on its own. Apollo’s president sees continued withdrawals from US private credit funds for the wealthy
• Negative Sentiment: Insider John P. Zito sold 48,644 shares for about $6.36 million, and insider sales can weigh on sentiment even though he still retains a large stake. Apollo Global Management stock insider sale disclosure

Apollo Global Management Trading Up 1.1%

Shares of APO stock opened at $128.87 on Friday. The stock has a market cap of $74.29 billion, a price-to-earnings ratio of 82.08, a P/E/G ratio of 1.11 and a beta of 1.52. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a fifty day moving average of $121.14 and a 200-day moving average of $127.93. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $157.28.

Apollo Global Management (NYSE:APO) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.05. The business had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter last year, the company posted $1.82 EPS. On average, equities research analysts forecast that Apollo Global Management Inc. will post 8.28 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were given a dividend of $0.5625 per share. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. The ex-dividend date was Tuesday, May 19th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. Apollo Global Management’s dividend payout ratio is 143.31%.

Wall Street Analyst Weigh In

APO has been the subject of a number of research reports. TD Cowen reduced their price target on shares of Apollo Global Management from $155.00 to $146.00 and set a “buy” rating for the company in a report on Monday, May 18th. Royal Bank Of Canada increased their price target on shares of Apollo Global Management from $139.00 to $146.00 and gave the company a “sector perform” rating in a report on Thursday, May 7th. BMO Capital Markets reduced their price target on shares of Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating for the company in a report on Tuesday, March 24th. The Goldman Sachs Group reduced their price target on shares of Apollo Global Management from $169.00 to $134.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Finally, Piper Sandler increased their price target on shares of Apollo Global Management from $146.00 to $157.00 and gave the company an “overweight” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.