Apollo Global Management Inc. $APO Stock Position Lessened by Livforsakringsbolaget Skandia Omsesidigt

Livforsakringsbolaget Skandia Omsesidigt reduced its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 88.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,829 shares of the financial services provider’s stock after selling 22,150 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Apollo Global Management were worth $315,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of APO. Chesapeake Asset Management LLC lifted its position in Apollo Global Management by 3.6% during the 4th quarter. Chesapeake Asset Management LLC now owns 2,065 shares of the financial services provider’s stock worth $299,000 after acquiring an additional 72 shares during the last quarter. Mitchell & Pahl Private Wealth LLC increased its stake in Apollo Global Management by 0.8% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 9,553 shares of the financial services provider’s stock valued at $1,383,000 after acquiring an additional 80 shares during the period. Sunbelt Securities Inc. grew its stake in shares of Apollo Global Management by 16.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 82 shares during the period. United Advisor Group LLC lifted its position in shares of Apollo Global Management by 4.7% during the 4th quarter. United Advisor Group LLC now owns 1,948 shares of the financial services provider’s stock worth $282,000 after buying an additional 87 shares during the period. Finally, Broadway Wealth Solutions Inc. boosted its stake in Apollo Global Management by 3.8% in the 4th quarter. Broadway Wealth Solutions Inc. now owns 2,388 shares of the financial services provider’s stock valued at $346,000 after buying an additional 87 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Key Apollo Global Management News

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

• Positive Sentiment: Apollo Funds completed the acquisitions of Emerald Holding and Questex, combining two B2B events and media businesses into a larger platform that Apollo says should support sustained long-term growth. Apollo Funds Complete Acquisitions of Emerald and Questex, Creating a Scaled, B2B Experiential Events and Media Platform Positioned to Drive Sustained, Long-Term Growth
• Positive Sentiment: Reports that Apollo is in talks to provide nearly $3 billion in financing for the New York Yankees are boosting investor sentiment, as a deal of that size would highlight Apollo’s strength in private credit and could generate attractive fees and yields. New York Yankees in Talks With Apollo Over $3 Billion Financing Deal
• Positive Sentiment: Market commentary also points to broader strength in financial and asset-management stocks, alongside Apollo’s recent operating updates and deal activity, helping support the shares. Apollo Global Management Rises as Investors Weigh Sector Strength and Recent Company Updates
• Neutral Sentiment: Analysts are looking ahead to Apollo’s next earnings report, with expectations for double-digit profit growth, but this is more of a near-term watch item than a fresh catalyst. Earnings Preview: What To Expect From Apollo Global Management’s Report
• Negative Sentiment: The easyJet bid story introduces execution risk, since Apollo’s move could face regulatory and deal-completion hurdles, which may temper enthusiasm if investors worry about overreach or a failed transaction. Baggage Claim: Apollo’s $7.7 Billion Bid to Acquire easyJet

Apollo Global Management Stock Up 1.6%

Shares of Apollo Global Management stock opened at $121.83 on Thursday. 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 Inc. has a 12 month low of $99.56 and a 12 month high of $157.28. The business has a fifty day simple moving average of $127.87 and a 200 day simple moving average of $125.27. The stock has a market cap of $70.24 billion, a PE ratio of 77.60, a price-to-earnings-growth ratio of 1.04 and a beta of 1.50.

Apollo Global Management (NYSE:APO) last released its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the prior year, the firm posted $1.82 earnings per share. The company’s quarterly revenue was down 8.8% on a year-over-year basis. Research analysts predict that Apollo Global Management Inc. will post 8.22 EPS for the current year.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were paid a $0.5625 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.8%. Apollo Global Management’s dividend payout ratio (DPR) is currently 143.31%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets lowered their target price on shares of Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating on the stock in a report on Monday. The Goldman Sachs Group lowered their target price 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. Evercore reaffirmed an “outperform” rating on shares of Apollo Global Management in a research note on Tuesday, April 21st. Piper Sandler decreased their price target on Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday. Finally, Weiss Ratings cut Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $149.50.

Insider Buying and Selling at Apollo Global Management

In related news, insider John P. Zito sold 48,644 shares of the stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total value of $6,355,825.04. Following the sale, the insider directly 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 legal filing with the SEC, which is available at this link. 8.30% of the stock is owned by corporate insiders.

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.