National Pension Service grew its stake in shares of Apollo Global Management Inc. (NYSE:APO – Free Report) by 13.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 869,139 shares of the financial services provider’s stock after purchasing an additional 101,697 shares during the period. National Pension Service’s holdings in Apollo Global Management were worth $125,817,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. Schnieders Capital Management LLC. purchased a new position in Apollo Global Management during the 2nd quarter valued at about $7,954,000. Baird Financial Group Inc. lifted its position in Apollo Global Management by 117.5% during the 2nd quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider’s stock valued at $2,287,000 after acquiring an additional 8,709 shares during the period. Gamco Investors INC. ET AL lifted its position in Apollo Global Management by 4.8% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider’s stock valued at $949,000 after acquiring an additional 305 shares during the period. Nebula Research & Development LLC purchased a new position in Apollo Global Management during the 2nd quarter valued at about $722,000. Finally, Northern Right Capital Management L.P. lifted its position in Apollo Global Management by 1.5% during the 2nd quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider’s stock valued at $24,542,000 after acquiring an additional 2,500 shares during the period. Institutional investors own 77.06% of the company’s stock.
Apollo Global Management Stock Up 1.1%
Shares of Apollo Global Management stock opened at $128.87 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a market capitalization of $74.29 billion, a PE ratio of 82.08, a price-to-earnings-growth ratio of 1.10 and a beta of 1.52. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $157.28. The company has a 50-day simple moving average of $121.14 and a two-hundred day simple moving average of $127.93.
Apollo Global Management Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were issued a $0.5625 dividend. This represents a $2.25 annualized dividend and a yield of 1.7%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Tuesday, May 19th. Apollo Global Management’s dividend payout ratio is presently 143.31%.
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. TD Cowen lowered 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 research report on Monday, May 18th. Wall Street Zen cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Piper Sandler lifted their price target on shares of Apollo Global Management from $146.00 to $157.00 and gave the company an “overweight” rating in a research report on Tuesday. Evercore reissued an “outperform” rating on shares of Apollo Global Management in a research report on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Apollo Global Management in a research report on Thursday, May 7th. One equities 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 MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $151.23.
Get Our Latest Analysis on Apollo Global Management
Insider Transactions at Apollo Global Management
In other Apollo Global Management news, insider John P. Zito sold 48,644 shares of Apollo Global Management stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total value 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 approximately $400,302,519.36. The trade was a 1.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.30% of the company’s stock.
Key Apollo Global Management News
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
Apollo Global Management 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.
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