Apollo Global Management (NYSE:APO) Insider Sells $6,355,825.04 in Stock

Apollo Global Management Inc. (NYSE:APO) insider John Zito sold 48,644 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the completion of the transaction, the insider directly owned 3,063,696 shares of the company’s stock, valued at $400,302,519.36. This trade represents a 1.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Apollo Global Management Price Performance

Shares of APO stock opened at $128.87 on Friday. Apollo Global Management Inc. has a 12-month low of $99.56 and a 12-month high of $157.28. The firm has a market capitalization of $74.29 billion, a price-to-earnings ratio of 82.08, a price-to-earnings-growth ratio of 1.11 and a beta of 1.52. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.45. The firm has a fifty day moving average of $121.14 and a 200-day moving average of $127.93.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.06 billion during the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the previous year, the business earned $1.82 EPS. The firm’s revenue was down 8.8% on a year-over-year basis. On average, equities research analysts forecast that Apollo Global Management Inc. will post 8.28 earnings per share for the current year.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were issued a $0.5625 dividend. This is a positive change 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 annualized dividend and a dividend yield of 1.7%. Apollo Global Management’s dividend payout ratio (DPR) is presently 143.31%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. TD Cowen decreased their price target on shares of Apollo Global Management from $155.00 to $146.00 and set a “buy” rating for the company in a report on Monday, May 18th. Piper Sandler boosted their price target on shares of Apollo Global Management from $146.00 to $157.00 and gave the company an “overweight” rating in a report on Tuesday. The Goldman Sachs Group decreased their price target on shares of Apollo Global Management from $169.00 to $134.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Barclays boosted their price objective on shares of Apollo Global Management from $125.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, Argus raised shares of Apollo Global Management to a “strong-buy” rating in a research report on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and an average price target of $151.23.

Institutional Investors Weigh In On Apollo Global Management

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Apollo Global Management by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 47,760,608 shares of the financial services provider’s stock valued at $6,913,826,000 after acquiring an additional 340,956 shares in the last quarter. Geode Capital Management LLC lifted its position in Apollo Global Management by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 10,198,837 shares of the financial services provider’s stock valued at $1,469,793,000 after acquiring an additional 200,312 shares in the last quarter. Northern Trust Corp lifted its position in Apollo Global Management by 1.4% in the 4th quarter. Northern Trust Corp now owns 4,448,618 shares of the financial services provider’s stock valued at $643,982,000 after acquiring an additional 62,831 shares in the last quarter. Legal & General Group Plc lifted its position in Apollo Global Management by 4.5% in the 4th quarter. Legal & General Group Plc now owns 3,611,839 shares of the financial services provider’s stock valued at $522,850,000 after acquiring an additional 155,857 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Apollo Global Management by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,288,100 shares of the financial services provider’s stock valued at $475,985,000 after acquiring an additional 98,945 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Apollo Global Management News Summary

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

• Positive Sentiment: Apollo is helping arrange a massive $36 billion debt financing package tied to Anthropic’s AI chip purchases, highlighting strong demand for its private-credit capabilities and potential fee-generating opportunities. Apollo Shops $36 Billion Debt to Buy AI Chips for Anthropic (1)
• Positive Sentiment: Apollo also joined a deal backing Apex Service Partners, with reports valuing the home-services platform at about $10 billion, reinforcing the firm’s active deal pipeline and alternative-asset growth story. Apex Service sells minority stake to Apollo at $10 bln valuation, source says
• Positive Sentiment: Apollo’s appearance at Bernstein’s strategic decisions conference may have helped reinforce confidence in management’s fundraising and deployment outlook. Apollo Global Management, Inc. (APO) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Neutral Sentiment: Reuters reported that Apollo’s president expects wealthy clients to keep withdrawing from some private credit funds, which suggests ongoing pressure in part of the business but does not appear to change the broader investment thesis on its own. Apollo’s president sees continued withdrawals from US private credit funds for the wealthy
• Negative Sentiment: Insider John P. Zito sold 48,644 shares for about $6.36 million, and insider sales can weigh on sentiment even though he still retains a large stake. Apollo Global Management stock insider sale disclosure

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.