8,365 Shares in Apollo Global Management Inc. $APO Acquired by Div Capital Phoenix Assets Ltd

Div Capital Phoenix Assets Ltd purchased a new position in shares of Apollo Global Management Inc. (NYSE:APO) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,365 shares of the financial services provider’s stock, valued at approximately $1,211,000. Apollo Global Management comprises about 0.3% of Div Capital Phoenix Assets Ltd’s holdings, making the stock its 10th largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Apollo Global Management by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 47,760,608 shares of the financial services provider’s stock worth $6,913,826,000 after buying an additional 340,956 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Apollo Global Management by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 10,198,837 shares of the financial services provider’s stock worth $1,469,793,000 after buying an additional 200,312 shares during the last quarter. Northern Trust Corp raised its stake in shares of Apollo Global Management by 7.3% during the third quarter. Northern Trust Corp now owns 4,385,787 shares of the financial services provider’s stock worth $584,494,000 after buying an additional 299,698 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Apollo Global Management by 4.5% during the fourth quarter. Legal & General Group Plc now owns 3,611,839 shares of the financial services provider’s stock worth $522,850,000 after buying an additional 155,857 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Apollo Global Management by 10.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,712,442 shares of the financial services provider’s stock worth $392,653,000 after buying an additional 260,905 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

APO has been the subject of a number of recent research reports. Barclays boosted their price target on shares of Apollo Global Management from $125.00 to $131.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Weiss Ratings downgraded shares of Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. BMO Capital Markets dropped their price target on shares of Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating for the company in a research note on Tuesday, March 24th. Wall Street Zen downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Argus raised shares of Apollo Global Management to a “strong-buy” rating in a research note on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.23.

Insider Transactions at Apollo Global Management

In related news, insider John P. Zito sold 48,644 shares of the business’s stock in a transaction that occurred 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 owned 3,063,696 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 8.30% of the company’s stock.

Apollo Global Management Stock Up 2.2%

Shares of NYSE APO opened at $134.01 on Friday. The stock has a market cap of $77.26 billion, a P/E ratio of 85.36, a P/E/G ratio of 1.13 and a beta of 1.50. The firm has a 50 day moving average price of $124.53 and a 200 day moving average price of $127.94. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.73. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $157.28.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.05. The firm 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 revenue for the quarter was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.82 earnings per share. Analysts expect that Apollo Global Management Inc. will post 8.28 EPS for the current year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were issued a dividend of $0.5625 per share. This is an increase 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 1.7%. The ex-dividend date was Tuesday, May 19th. Apollo Global Management’s dividend payout ratio is presently 143.31%.

Key Headlines Impacting Apollo Global Management

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

• Positive Sentiment: Apollo helped finance a major $35 billion AI infrastructure deal tied to Broadcom and Anthropic, highlighting its ability to participate in big-ticket, high-profile technology lending opportunities. Apollo Global Management (APO) Is Up 5.5% After Backing Broadcom’s $35 Billion AI Infrastructure Push
• Positive Sentiment: The company added senior policy and government affairs leaders in Europe, which could strengthen Apollo’s regulatory relationships and support future expansion in the region. Apollo Adds Senior Policy and Government Affairs Leaders in Europe
• Positive Sentiment: Executives are emphasizing Apollo’s focus on “HALO” assets and warning that AI could pressure weaker software investments, underscoring a disciplined underwriting approach that may appeal to investors. Huge private equity software bets most at risk as investors face returns squeeze, Apollo says

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.