8,243 Shares in Apollo Global Management Inc. $APO Acquired by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC bought a new position in shares of Apollo Global Management Inc. (NYSE:APO) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 8,243 shares of the financial services provider’s stock, valued at approximately $975,000.

A number of other hedge funds have also bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Apollo Global Management in the fourth quarter worth $29,000. MBM Wealth Consultants LLC acquired a new stake in shares of Apollo Global Management during the first quarter worth $29,000. Steigerwald Gordon & Koch Inc. grew its holdings in shares of Apollo Global Management by 484.1% during the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock valued at $29,000 after buying an additional 213 shares during the last quarter. Keating Financial Advisory Services Inc. purchased a new stake in shares of Apollo Global Management during the second quarter valued at $31,000. Finally, Osbon Capital Management LLC acquired a new position in shares of Apollo Global Management in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Up 2.0%

NYSE:APO opened at $132.63 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. The company’s fifty day moving average price is $126.64 and its 200-day moving average price is $122.75. Apollo Global Management Inc. has a 1-year low of $99.56 and a 1-year high of $153.29. The firm has a market capitalization of $78.32 billion, a P/E ratio of 48.58, a PEG ratio of 1.19 and a beta of 1.51.

Apollo Global Management (NYSE:APO) last posted its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. The business had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same quarter in the prior year, the firm earned $1.92 earnings per share. As a group, equities research analysts anticipate that Apollo Global Management Inc. will post 8.08 EPS for the current year.

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be paid a $0.5625 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. Apollo Global Management’s dividend payout ratio is presently 82.42%.

Trending Headlines about Apollo Global Management

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

• Positive Sentiment: Apollo joined an early Section 48E tax-equity deal, expanding its participation in financing opportunities tied to clean-energy projects and the U.S. investment-tax-credit framework. The transaction could support future fee generation and strengthen Apollo’s position in alternative-energy financing. Apollo Global Management Joins Early Section 48E Tax Equity Deal
• Neutral Sentiment: Apollo said an investigation found unauthorized access to some cloud platforms from July 6 through July 10 following a social-engineering incident. The company is assessing the affected information and has disclosed the breach to the public. Apollo Global Management Hit by Social Engineering Attack and Data Breach
• Negative Sentiment: Potentially exposed information includes Social Security numbers and other personal data. The incident may increase Apollo’s costs for investigation, customer support, remediation and security upgrades, while also raising the risk of regulatory scrutiny, lawsuits and reputational damage for the financial-services firm. Apollo Global Confirms Data Breach; Personal Data Potentially Exposed
• Negative Sentiment: Reports characterize the event as part of a broader wave of social-engineering attacks targeting financial companies. Because the intrusion involved compromised access to cloud systems rather than conventional malware, investors may view it as evidence of an ongoing operational and cybersecurity risk. Apollo’s Recent Breach Exposed a Major Risk for Finance Firms

Insider Activity

In related news, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the sale, the chief financial officer directly owned 396,533 shares of the company’s stock, valued at $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John P. Zito sold 48,644 shares of Apollo Global Management stock in a transaction that occurred 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 transaction, the insider 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 SEC filing for this sale provides additional information. 8.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on APO. TD Cowen restated a “buy” rating on shares of Apollo Global Management in a research note on Thursday, August 6th. Piper Sandler dropped their price target on Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Wall Street Zen raised Apollo Global Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Apollo Global Management in a research note on Friday, August 7th. Finally, Keefe, Bruyette & Woods raised Apollo Global Management to a “hold” rating in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $152.77.

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.