Temasek Holdings Private Ltd Has $109.06 Million Stock Position in Apollo Global Management Inc. $APO

Temasek Holdings Private Ltd increased its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 879.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 753,349 shares of the financial services provider’s stock after purchasing an additional 676,411 shares during the period. Temasek Holdings Private Ltd’s holdings in Apollo Global Management were worth $109,055,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in APO. Boston Partners grew its stake in 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 worth $474,384,000 after purchasing an additional 1,692,532 shares during the period. Vanguard Group Inc. grew its stake in Apollo Global Management by 3.0% during the third quarter. Vanguard Group Inc. now owns 47,419,652 shares of the financial services provider’s stock worth $6,319,617,000 after purchasing an additional 1,377,545 shares during the period. Focus Partners Wealth grew its stake in Apollo Global Management by 2,560.3% during the fourth quarter. Focus Partners Wealth now owns 1,404,576 shares of the financial services provider’s stock worth $203,324,000 after purchasing an additional 1,351,778 shares during the period. Bahl & Gaynor Inc. grew its stake in Apollo Global Management by 62.0% during the third quarter. Bahl & Gaynor Inc. now owns 996,727 shares of the financial services provider’s stock worth $132,834,000 after purchasing an additional 381,479 shares during the period. Finally, Mariner LLC grew its stake in Apollo Global Management by 15.9% during the fourth quarter. Mariner LLC now owns 2,433,623 shares of the financial services provider’s stock worth $355,001,000 after purchasing an additional 334,031 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Buying and Selling at Apollo Global Management

In other news, insider John P. Zito sold 48,644 shares of the firm’s 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.30% of the stock is owned by corporate insiders.

Apollo Global Management Trading Up 1.8%

Shares of Apollo Global Management stock opened at $136.31 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.73. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $157.28. The stock has a 50 day moving average price of $125.60 and a two-hundred day moving average price of $128.01. The stock has a market capitalization of $78.58 billion, a PE ratio of 86.82, a price-to-earnings-growth ratio of 1.15 and a beta of 1.50.

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

Apollo Global Management Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on APO shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Apollo Global Management in a research note on Thursday, May 7th. Argus upgraded Apollo Global Management to a “strong-buy” rating in a report on Thursday, February 19th. TD Cowen reduced their price objective on Apollo Global Management from $155.00 to $146.00 and set a “buy” rating for the company in a research note on Monday, May 18th. BMO Capital Markets reduced their price objective on Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating for the company in a research note on Tuesday, March 24th. Finally, The Goldman Sachs Group reduced their price objective on Apollo Global Management from $169.00 to $134.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $151.23.

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.