Apollo Global Management Inc. $APO Shares Acquired by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd boosted its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 214.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,368,162 shares of the financial services provider’s stock after buying an additional 1,614,813 shares during the period. Apollo Global Management makes up 0.9% of Temasek Holdings Private Ltd’s holdings, making the stock its 25th largest position. Temasek Holdings Private Ltd’s holdings in Apollo Global Management were worth $263,861,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Schnieders Capital Management LLC. purchased a new stake in shares of Apollo Global Management during the second quarter worth about $7,954,000. Baird Financial Group Inc. raised its position in shares of Apollo Global Management by 117.5% in 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 purchasing an additional 8,709 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of Apollo Global Management by 4.8% in 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 purchasing an additional 305 shares during the last quarter. Nebula Research & Development LLC acquired a new stake in Apollo Global Management in the 2nd quarter worth approximately $722,000. Finally, Northern Right Capital Management L.P. grew 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 worth $24,542,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Buying and Selling

In other Apollo Global Management news, insider John P. Zito sold 48,644 shares of the company’s stock in a transaction on 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 sale, the insider directly owned 3,063,696 shares of the company’s stock, valued at approximately $400,302,519.36. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.30% of the company’s stock.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $118.42 on Wednesday. Apollo Global Management Inc. has a twelve month low of $99.56 and a twelve month high of $153.43. 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 company has a market cap of $68.27 billion, a PE ratio of 75.43, a price-to-earnings-growth ratio of 1.03 and a beta of 1.50. The company’s 50 day moving average is $127.01 and its 200 day moving average is $124.52.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, beating the consensus estimate of $1.89 by $0.05. The business had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The business’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.82 EPS. On average, sell-side analysts forecast that Apollo Global Management Inc. will post 8.22 EPS for the current year.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were given a dividend of $0.5625 per share. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.51. This represents a $2.25 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, May 19th. Apollo Global Management’s payout ratio is presently 143.31%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Royal Bank Of Canada cut their price target on shares of Apollo Global Management from $146.00 to $137.00 and set a “sector perform” rating on the stock in a research note on Monday, July 13th. Piper Sandler lowered their price objective on shares of Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. Keefe, Bruyette & Woods raised Apollo Global Management to a “hold” rating in a research report on Monday. Finally, Morgan Stanley reduced their target price on Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and a consensus target price of $149.08.

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.