Partners Group Holding AG Reduces Position in Apollo Global Management Inc. $APO

Partners Group Holding AG decreased its position in shares of Apollo Global Management Inc. (NYSE:APO) by 13.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 572,540 shares of the financial services provider’s stock after selling 87,023 shares during the period. Apollo Global Management accounts for about 5.6% of Partners Group Holding AG’s investment portfolio, making the stock its 3rd largest holding. Partners Group Holding AG’s holdings in Apollo Global Management were worth $82,881,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Apollo Global Management by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 47,760,608 shares of the financial services provider’s stock worth $6,913,826,000 after purchasing an additional 340,956 shares in the last quarter. Northern Trust Corp raised its holdings in Apollo Global Management by 7.3% during the third quarter. Northern Trust Corp now owns 4,385,787 shares of the financial services provider’s stock worth $584,494,000 after purchasing an additional 299,698 shares in the last quarter. Legal & General Group Plc raised its holdings in Apollo Global Management by 5.7% during the third quarter. Legal & General Group Plc now owns 3,455,982 shares of the financial services provider’s stock worth $460,579,000 after purchasing an additional 186,292 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Apollo Global Management by 2.0% during the third quarter. Bank of New York Mellon Corp now owns 2,451,537 shares of the financial services provider’s stock worth $326,716,000 after purchasing an additional 48,053 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in Apollo Global Management by 31.1% during the third quarter. Bessemer Group Inc. now owns 1,617,228 shares of the financial services provider’s stock worth $215,530,000 after purchasing an additional 383,198 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Down 2.1%

Apollo Global Management stock opened at $131.24 on Wednesday. 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 market cap of $75.66 billion, a price-to-earnings ratio of 83.59, a price-to-earnings-growth ratio of 1.12 and a beta of 1.52. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $157.28. The firm’s 50 day moving average price is $117.42 and its two-hundred day moving average price is $127.85.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.05. The firm had revenue of $5.06 billion for the quarter, compared to analyst estimates 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 quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.82 earnings per share. On average, research analysts predict that Apollo Global Management Inc. will post 8.32 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th will be given a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, May 19th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s dividend payout ratio is presently 129.94%.

Wall Street Analyst Weigh In

APO has been the topic of several recent analyst reports. Weiss Ratings cut Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Piper Sandler decreased their price target on shares of Apollo Global Management from $165.00 to $146.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 7th. BMO Capital Markets decreased their price target on shares of Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 24th. Morgan Stanley decreased their price target on shares of Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. Finally, The Goldman Sachs Group decreased their price target on shares of Apollo Global Management from $169.00 to $134.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and an average price target of $150.38.

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.