Apollo Global Management Inc. $APO Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 2.8% during the fourth quarter, HoldingsChannel reports. The fund owned 5,159,778 shares of the financial services provider’s stock after selling 148,975 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Apollo Global Management were worth $746,929,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew 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 acquiring an additional 340,956 shares during the period. Geode Capital Management LLC grew its holdings in Apollo Global Management by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 10,198,837 shares of the financial services provider’s stock worth $1,469,793,000 after acquiring an additional 200,312 shares during the period. Northern Trust Corp grew 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 acquiring an additional 299,698 shares during the period. Legal & General Group Plc grew its holdings in Apollo Global Management by 4.5% during the fourth quarter. Legal & General Group Plc now owns 3,611,839 shares of the financial services provider’s stock worth $522,850,000 after acquiring an additional 155,857 shares during the period. Finally, Beck Mack & Oliver LLC grew its holdings in Apollo Global Management by 0.3% during the fourth quarter. Beck Mack & Oliver LLC now owns 2,764,576 shares of the financial services provider’s stock worth $400,200,000 after acquiring an additional 7,124 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Trading Up 0.1%

Shares of APO stock opened at $134.08 on Friday. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $157.28. The stock has a market cap of $77.30 billion, a P/E ratio of 85.40, a P/E/G ratio of 1.15 and a beta of 1.50. The business has a fifty day simple moving average of $125.01 and a 200-day simple moving average of $127.98. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.45.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share 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 business had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter last year, the business posted $1.82 earnings per share. The business’s revenue for the quarter was down 8.8% on a year-over-year basis. On average, 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 declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were given a $0.5625 dividend. This is an increase 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 (DPR) is 143.31%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on APO. The Goldman Sachs Group dropped their price objective on Apollo Global Management from $169.00 to $134.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Piper Sandler upped their price objective on Apollo Global Management from $146.00 to $157.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Argus raised Apollo Global Management to a “strong-buy” rating in a report on Thursday, February 19th. Morgan Stanley lowered their target price on Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Finally, BMO Capital Markets dropped their price target on Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating for the company in a research report on Tuesday, March 24th. One investment 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.23.

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 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 completion of 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. 8.30% of the stock is currently owned by corporate insiders.

Apollo Global Management News Summary

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

• Positive Sentiment: Reports say Apollo is leaning toward Austin, Texas, for a second U.S. headquarters. A larger footprint in a major growth market could support long-term hiring, deal flow, and brand visibility. Apollo Global Management chooses Austin for second HQ, report says
• Positive Sentiment: Several reports highlighted Apollo’s role in large AI infrastructure financing, including backing Broadcom’s multi-billion-dollar AI push and lending against AI chips and computing power. Investors may see this as evidence that Apollo is well positioned to profit from booming demand for AI-related capital. Apollo Global Management (APO) Is Up 5.5% After Backing Broadcom’s $35 Billion AI Infrastructure Push
• Positive Sentiment: Apollo executives have been publicly emphasizing opportunities in AI, including screening software investments for AI threat risk and arguing that AI will pressure certain industries while creating attractive financing opportunities. That keeps Apollo in the center of a major market theme. Apollo Is Screening All Software Investments for AI Threat Risk
• Neutral Sentiment: Management also warned that software valuations may be overpriced and that private equity marks can be misstated. While this reflects Apollo’s cautious underwriting stance, it does not appear to be a direct negative for the stock today. Apollo’s Zito warns software valuations are overpriced, calls out private equity ‘misstating’ marks
• Neutral Sentiment: Apollo is reportedly seeking a Japan insurance license, which would expand its financial-services reach if approved, but the move is still subject to regulatory hurdles. Apollo seeks Japan insurance licence amid regulatory hurdles – report

About Apollo Global Management

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.