Kepler Cheuvreux Suisse SA Invests $1.01 Million in Apollo Global Management Inc. $APO

Kepler Cheuvreux Suisse SA bought a new position in Apollo Global Management Inc. (NYSE:APO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,985 shares of the financial services provider’s stock, valued at approximately $1,011,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Chesapeake Asset Management LLC increased its position in shares of Apollo Global Management by 3.6% in the 4th quarter. Chesapeake Asset Management LLC now owns 2,065 shares of the financial services provider’s stock worth $299,000 after purchasing an additional 72 shares during the last quarter. Linden Thomas Advisory Services LLC grew its position in shares of Apollo Global Management by 1.4% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 5,553 shares of the financial services provider’s stock valued at $740,000 after buying an additional 78 shares during the last quarter. Mitchell & Pahl Private Wealth LLC grew its position in shares of Apollo Global Management by 0.8% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 9,553 shares of the financial services provider’s stock valued at $1,383,000 after buying an additional 80 shares during the last quarter. Sunbelt Securities Inc. grew its position in shares of Apollo Global Management by 16.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock valued at $75,000 after buying an additional 82 shares during the last quarter. Finally, United Advisor Group LLC grew 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 valued at $282,000 after buying an additional 87 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

NYSE APO opened at $130.28 on Tuesday. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $157.28. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. The stock has a market cap of $75.33 billion, a price-to-earnings ratio of 82.98, a price-to-earnings-growth ratio of 1.11 and a beta of 1.52. The company has a 50-day moving average price of $114.38 and a two-hundred day moving average price of $127.50.

Apollo Global Management (NYSE:APO) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, topping the consensus estimate of $1.89 by $0.05. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The firm had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. Apollo Global Management’s quarterly revenue was down 8.8% on a year-over-year basis. Analysts forecast that Apollo Global Management Inc. will post 8.36 EPS for the current year.

Apollo Global Management Increases Dividend

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

Analysts Set New Price Targets

APO has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Saturday. Piper Sandler lowered their price objective on shares of Apollo Global Management from $165.00 to $146.00 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. Royal Bank Of Canada boosted their price objective on shares of Apollo Global Management from $139.00 to $146.00 and gave the company a “sector perform” rating in a research report on Thursday. UBS Group boosted their price objective on shares of Apollo Global Management from $138.00 to $158.00 and gave the company a “buy” rating in a research report on Friday. Finally, Evercore reaffirmed an “outperform” rating on shares of Apollo Global Management in a research report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $150.75.

More Apollo Global Management News

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

• Positive Sentiment: Apollo announced that its funds will acquire Emerald Holding and Questex, combining two live-events businesses into a larger North American B2B events platform. Investors may view this as a strategic expansion that could create long-term growth opportunities. Article Title
• Neutral Sentiment: Apollo is reportedly in talks to sell its $3 billion private credit fund, MidCap Financial Investment, through its public BDC. The move could be seen as portfolio management, but details are still developing. Article Title
• Negative Sentiment: The reported fund sale is also being interpreted as a sign of stress in private credit markets, with investors worried about weaker loan performance and rising defaults. That broader caution is weighing on sentiment toward Apollo and other alternative asset managers. Article Title

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.