M&T Bank Corp Increases Stake in Apollo Global Management Inc. $APO

M&T Bank Corp grew its stake in Apollo Global Management Inc. (NYSE:APOFree Report) by 37.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 15,812 shares of the financial services provider’s stock after buying an additional 4,335 shares during the quarter. M&T Bank Corp’s holdings in Apollo Global Management were worth $2,289,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in APO. Atlantic Union Bankshares Corp lifted its stake in Apollo Global Management by 99.0% during the third quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 99 shares during the last quarter. Physician Wealth Advisors Inc. lifted its stake in Apollo Global Management by 57.8% during the fourth quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 96 shares during the last quarter. City Holding Co. lifted its stake in Apollo Global Management by 391.9% during the fourth quarter. City Holding Co. now owns 305 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 243 shares during the last quarter. CX Institutional purchased a new stake in Apollo Global Management during the third quarter worth approximately $48,000. Finally, Center for Financial Planning Inc. purchased a new stake in Apollo Global Management during the third quarter worth approximately $50,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Evercore restated an “outperform” rating on shares of Apollo Global Management in a research note on Tuesday, April 21st. Piper Sandler decreased their target price on Apollo Global Management from $165.00 to $146.00 and set an “overweight” rating for the company in a research note on Tuesday, April 7th. Wall Street Zen upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. The Goldman Sachs Group decreased 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. Finally, TD Cowen restated a “buy” rating on shares of Apollo Global Management in a research note on Thursday. One investment 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $150.25.

View Our Latest Report on Apollo Global Management

Apollo Global Management Price Performance

Shares of NYSE APO opened at $127.72 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.31 and a debt-to-equity ratio of 0.37. Apollo Global Management Inc. has a twelve month low of $99.56 and a twelve month high of $157.28. The stock has a 50 day moving average of $113.74 and a two-hundred day moving average of $127.41. The stock has a market cap of $73.85 billion, a P/E ratio of 81.35, a P/E/G ratio of 1.16 and a beta of 1.52.

Apollo Global Management (NYSE:APOGet Free Report) last issued its quarterly earnings data 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 company had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the previous year, the business earned $1.82 earnings per share. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. On average, research analysts forecast that Apollo Global Management Inc. will post 8.44 earnings per share for the current year.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th will be issued a $0.5625 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. 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 1.8%. Apollo Global Management’s dividend payout ratio is presently 36.96%.

Apollo Global Management News Roundup

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

Apollo Global Management Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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