Apollo Global Management Inc. $APO Stock: Kingswood Wealth Advisors LLC Raises Position

Kingswood Wealth Advisors LLC lifted its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 652.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,578 shares of the financial services provider’s stock after acquiring an additional 27,383 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Apollo Global Management were worth $3,665,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Apollo Global Management by 4.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider’s stock valued at $669,372,000 after purchasing an additional 234,517 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of Apollo Global Management during the 2nd quarter worth about $459,987,000. Bank of New York Mellon Corp boosted its stake in shares of Apollo Global Management by 7.0% during the 1st quarter. Bank of New York Mellon Corp now owns 2,901,110 shares of the financial services provider’s stock worth $323,242,000 after purchasing an additional 188,668 shares during the last quarter. Temasek Holdings Private Ltd boosted its stake in shares of Apollo Global Management by 214.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock worth $263,861,000 after purchasing an additional 1,614,813 shares during the last quarter. Finally, Curated Wealth Partners LLC grew its holdings in shares of Apollo Global Management by 91.8% during the third quarter. Curated Wealth Partners LLC now owns 2,205,762 shares of the financial services provider’s stock worth $255,887,000 after buying an additional 1,055,818 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $140.84, for a total value of $422,520.00. Following the sale, the chief financial officer directly owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.30% of the stock is currently owned by insiders.

Apollo Global Management Stock Performance

NYSE APO opened at $114.44 on Tuesday. The business’s 50-day moving average price is $123.71 and its 200 day moving average price is $124.16. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34. Apollo Global Management Inc. has a twelve month low of $99.56 and a twelve month high of $153.29. The company has a market capitalization of $67.58 billion, a PE ratio of 41.92, a price-to-earnings-growth ratio of 1.04 and a beta of 1.58.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.16 by ($0.05). The business had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.65 billion. Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. During the same quarter last year, the firm earned $1.92 EPS. On average, research analysts predict that Apollo Global Management Inc. will post 7.96 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th were issued a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Wednesday, August 19th. Apollo Global Management’s dividend payout ratio is presently 82.42%.

Trending Headlines about Apollo Global Management

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

• Positive Sentiment: Strategic Mubadala Capital investment: Apollo is set to acquire nearly a 10% stake in Abu Dhabi-backed Mubadala Capital and commit approximately $5 billion. The deal deepens Apollo’s relationship with sovereign investor Mubadala and could provide greater access to Middle Eastern capital, co-investments and global alternative-asset opportunities. Apollo to buy nearly 10% stake in Mubadala Capital
• Positive Sentiment: SpaceX AI-infrastructure financing: Reports indicate Apollo is involved in a roughly $40 billion SpaceX deal to finance or lease graphics-processing units used for AI infrastructure. The transaction highlights demand for Apollo’s private-credit capabilities and could support fee and investment growth if completed on the reported scale. Apollo deepens Abu Dhabi ties with strategic investment in Mubadala Capital
• Neutral Sentiment: Potential Rio Tinto infrastructure bid: Apollo and GIC reportedly joined the bidder pool for Rio Tinto’s approximately $7 billion infrastructure assets. A successful bid could create an additional large investment opportunity, although the report does not indicate that Apollo has won the auction. Apollo and GIC join Rio Tinto infrastructure auction
• Negative Sentiment: Cautious AI outlook: Apollo chief economist Torsten Slok said AI spending has produced little or no measurable financial payoff for most large companies outside the “Magnificent Seven.” While the comments do not directly reduce Apollo’s earnings, they could temper enthusiasm around AI-related investments and raise questions about whether the broader AI boom will generate expected productivity and economic returns. AI spending has not improved profits for most major companies

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on APO shares. UBS Group cut their price objective on shares of Apollo Global Management from $172.00 to $163.00 and set a “buy” rating for the company in a research report on Tuesday, October 13th. BMO Capital Markets raised their target price on shares of Apollo Global Management from $126.00 to $134.00 and gave the stock a “market perform” rating in a research report on Monday, August 10th. Piper Sandler decreased their target price on shares of Apollo Global Management from $159.00 to $145.00 and set an “overweight” rating on the stock in a research report on Monday, October 19th. Royal Bank Of Canada lifted their target price on shares of Apollo Global Management from $137.00 to $146.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 5th. Finally, Barclays lifted their target price on shares of Apollo Global Management from $132.00 to $157.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 5th. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $151.90.

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE:APO) is a global alternative asset manager that provides investment solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.

Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.