NewEdge Wealth LLC Grows Holdings in Apollo Global Management Inc. $APO

NewEdge Wealth LLC raised its position in Apollo Global Management Inc. (NYSE:APO) by 11.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 77,114 shares of the financial services provider’s stock after buying an additional 7,748 shares during the period. NewEdge Wealth LLC’s holdings in Apollo Global Management were worth $11,163,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chesapeake Asset Management LLC increased its holdings in Apollo Global Management by 3.6% in the fourth quarter. Chesapeake Asset Management LLC now owns 2,065 shares of the financial services provider’s stock valued at $299,000 after buying an additional 72 shares in the last quarter. Linden Thomas Advisory Services LLC increased its holdings in Apollo Global Management by 1.4% in the third 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 in the last quarter. Mitchell & Pahl Private Wealth LLC increased its holdings 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 buying an additional 80 shares in the last quarter. Sunbelt Securities Inc. increased its stake in shares of Apollo Global Management by 16.9% during the third quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 82 shares in the last quarter. Finally, United Advisor Group LLC raised 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 purchasing an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Key Headlines Impacting Apollo Global Management

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

• Positive Sentiment: Apollo reported first-quarter results that beat earnings expectations, with stronger fee-related earnings and assets under management surpassing $1 trillion, highlighting momentum in its core business and supporting the stock. Apollo Global Q1 earnings top earnings on strong fee-related earnings; AUM exceeds 1T
• Positive Sentiment: The company also raised its quarterly dividend by 10.3%, which signals confidence in cash generation and can be viewed favorably by income-oriented investors. Apollo Funds Complete Acquisition of Prosol Group
• Positive Sentiment: Reports that Apollo is part of a potential $35 billion financing package for Broadcom suggest growing demand for its private credit capabilities and could expand fee income if the deal closes. Apollo, Blackstone Weigh 35 Billion Financing for Broadcom
• Neutral Sentiment: Apollo also completed its acquisition of a majority stake in Prosol Group, which adds to its private equity portfolio but is not likely to be a near-term stock catalyst on its own. Apollo Funds Complete Acquisition of Prosol Group
• Neutral Sentiment: Management is also pushing for more transparency in private credit valuations, a move that may help fundraising over time but does not directly change near-term earnings. Apollo Seeks an Edge With Credit Fund Transparency Push

Analysts Set New Price Targets

Several research firms recently weighed in on APO. Barclays upped their price target on shares of Apollo Global Management from $125.00 to $131.00 and gave the stock an “overweight” rating in a research report on Thursday. Evercore restated an “outperform” rating on shares of Apollo Global Management in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Apollo Global Management in a research report on Thursday. TD Cowen restated a “buy” rating on shares of Apollo Global Management in a research report on Thursday. Finally, JPMorgan Chase & Co. reduced their price target on shares of Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating for the company in a research report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $150.75.

Apollo Global Management Stock Performance

Apollo Global Management stock opened at $133.15 on Monday. The firm has a 50 day simple moving average of $113.74 and a 200-day simple moving average of $127.41. Apollo Global Management Inc. has a 1-year low of $99.56 and a 1-year high of $157.28. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 1.73. The stock has a market cap of $76.99 billion, a price-to-earnings ratio of 84.81, a price-to-earnings-growth ratio of 1.11 and a beta of 1.52.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $5.19 billion. During the same period in the prior year, the business posted $1.82 EPS. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. On average, analysts expect that Apollo Global Management Inc. will post 8.36 EPS for the current year.

Apollo Global Management Increases Dividend

The company also recently disclosed 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. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, May 19th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s dividend payout ratio (DPR) is 129.94%.

Apollo Global Management Company Profile

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.