Apollo Global Management Inc. $APO Stock: Kingswood Wealth Advisors LLC Increases Position

Kingswood Wealth Advisors LLC raised its position in Apollo Global Management Inc. (NYSE:APO) by 652.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 31,578 shares of the financial services provider’s stock after acquiring an additional 27,383 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Apollo Global Management were worth $3,665,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Legal & General Group Plc purchased a new position in Apollo Global Management during the second quarter worth about $459,987,000. Bank of New York Mellon Corp purchased a new stake in Apollo Global Management in the 2nd quarter valued at approximately $336,644,000. Temasek Holdings Private Ltd increased its position in Apollo Global Management by 214.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock worth $263,861,000 after purchasing an additional 1,614,813 shares during the period. Deutsche Bank AG acquired a new position in Apollo Global Management during the 2nd quarter worth approximately $172,290,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Apollo Global Management during the 2nd quarter worth approximately $136,528,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insider Activity

In other news, CFO Martin Kelly sold 3,000 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $140.84, for a total value of $422,520.00. Following the sale, the chief financial officer directly owned 396,533 shares in the company, valued at $55,847,707.72. This represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.30% of the stock is owned by company insiders.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $114.44 on Tuesday. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $153.29. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. The firm’s 50-day simple moving average is $123.71 and its 200 day simple moving average is $124.16. The firm has a market capitalization of $67.58 billion, a PE ratio of 41.92, a P/E/G ratio of 1.04 and a beta of 1.58.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 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 during the quarter, compared to analyst estimates of $5.65 billion. During the same period in the previous year, the company posted $1.92 earnings per share. On average, equities research analysts predict that Apollo Global Management Inc. will post 7.96 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were issued a $0.5625 dividend. This represents a $2.25 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 19th. Apollo Global Management’s dividend payout ratio is 82.42%.

Key Apollo Global Management News

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

• Positive Sentiment: Strategic Mubadala Capital investment: Apollo is set to acquire nearly a 10% stake in Abu Dhabi-backed Mubadala Capital and commit approximately $5 billion. The deal deepens Apollo’s relationship with sovereign investor Mubadala and could provide greater access to Middle Eastern capital, co-investments and global alternative-asset opportunities. Apollo to buy nearly 10% stake in Mubadala Capital
• Positive Sentiment: SpaceX AI-infrastructure financing: Reports indicate Apollo is involved in a roughly $40 billion SpaceX deal to finance or lease graphics-processing units used for AI infrastructure. The transaction highlights demand for Apollo’s private-credit capabilities and could support fee and investment growth if completed on the reported scale. Apollo deepens Abu Dhabi ties with strategic investment in Mubadala Capital
• Neutral Sentiment: Potential Rio Tinto infrastructure bid: Apollo and GIC reportedly joined the bidder pool for Rio Tinto’s approximately $7 billion infrastructure assets. A successful bid could create an additional large investment opportunity, although the report does not indicate that Apollo has won the auction. Apollo and GIC join Rio Tinto infrastructure auction
• Negative Sentiment: Cautious AI outlook: Apollo chief economist Torsten Slok said AI spending has produced little or no measurable financial payoff for most large companies outside the “Magnificent Seven.” While the comments do not directly reduce Apollo’s earnings, they could temper enthusiasm around AI-related investments and raise questions about whether the broader AI boom will generate expected productivity and economic returns. AI spending has not improved profits for most major companies

Wall Street Analyst Weigh In

APO has been the subject of several recent analyst reports. UBS Group reduced their price target on Apollo Global Management from $172.00 to $163.00 and set a “buy” rating for the company in a report on Tuesday, October 13th. JPMorgan Chase & Co. upped their price objective on Apollo Global Management from $150.00 to $154.00 and gave the stock an “overweight” rating in a report on Wednesday, September 2nd. Wall Street Zen raised Apollo Global Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. HSBC started coverage on Apollo Global Management in a report on Monday, July 20th. They issued a “buy” rating and a $145.00 target price for the company. Finally, Barclays raised their target price on Apollo Global Management from $132.00 to $157.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Fourteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $151.90.

Apollo Global Management Profile

Apollo Global Management, Inc (NYSE:APO) is a global alternative asset manager that provides investment solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.

Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.