Apollo Global Management Inc. $APO Stock: E. Ohman J or Asset Management AB Increases Holdings

E. Ohman J or Asset Management AB lifted its position in Apollo Global Management Inc. (NYSE:APO) by 128.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 34,547 shares of the financial services provider’s stock after buying an additional 19,426 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Apollo Global Management were worth $4,010,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Apollo Global Management by 4.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider’s stock valued at $669,372,000 after acquiring an additional 234,517 shares in the last quarter. Legal & General Group Plc acquired a new stake in shares of Apollo Global Management in the 2nd quarter valued at $459,987,000. Bank of New York Mellon Corp raised its holdings in Apollo Global Management by 7.0% during the first quarter. Bank of New York Mellon Corp now owns 2,901,110 shares of the financial services provider’s stock valued at $323,242,000 after buying an additional 188,668 shares in the last quarter. Temasek Holdings Private Ltd raised its stake in shares of Apollo Global Management by 214.4% in the 1st quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock valued at $263,861,000 after acquiring an additional 1,614,813 shares in the last quarter. Finally, Curated Wealth Partners LLC lifted its holdings in Apollo Global Management by 91.8% in the 3rd quarter. Curated Wealth Partners LLC now owns 2,205,762 shares of the financial services provider’s stock worth $255,887,000 after purchasing an additional 1,055,818 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Trading Up 2.6%

APO stock opened at $114.65 on Friday. The business has a fifty day moving average price of $124.66 and a 200 day moving average price of $125.32. 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 stock has a market capitalization of $67.70 billion, a price-to-earnings ratio of 42.00, a P/E/G ratio of 1.03 and a beta of 1.58. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $153.29.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing the consensus estimate 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 company had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same period last year, the company earned $1.92 earnings per share. Analysts expect that Apollo Global Management Inc. will post 7.97 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

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

Insider Activity at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the transaction, the chief financial officer owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. This represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 8.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on APO shares. Wall Street Zen raised shares of Apollo Global Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. Royal Bank Of Canada upped their price target on Apollo Global Management from $137.00 to $146.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Keefe, Bruyette & Woods upgraded shares of Apollo Global Management to a “hold” rating in a research report on Monday, July 20th. Bank of America reduced their target price on shares of Apollo Global Management from $163.00 to $161.00 in a research note on Monday, October 5th. Finally, HSBC started coverage on Apollo Global Management in a research report on Monday, July 20th. They issued a “buy” rating and a $145.00 price objective for the company. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $151.90.

Key Headlines Impacting Apollo Global Management

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

• Positive Sentiment: Apollo and UDR announced a roughly $2 billion strategic partnership focused on a multifamily real-estate portfolio. Apollo is expected to acquire a majority stake, expanding its real-estate platform and providing additional fee-generating assets. UDR, Apollo Form $2.0 Billion Strategic Partnership
• Positive Sentiment: Reports that Apollo and Blackstone are seeking approval to purchase minority stakes in NFL teams point to potential access to valuable sports assets and new alternative-investment opportunities. Any benefit remains dependent on regulatory approval and completed transactions. Apollo, Blackstone Have NFL Aspirations
• Positive Sentiment: Apollo’s appointment of cryptocurrency investor Micky Malka to its board, effective January 1, 2027, could strengthen the firm’s expertise and relationships in digital assets and emerging financial technologies. Apollo Announces Board Appointment
• Neutral Sentiment: Yankees owner Hal Steinbrenner said he has no plans to sell the team following Apollo’s deal, clarifying that the transaction does not currently signal a change in Yankees control. Hal Steinbrenner Has No Plans to Sell Yankees
• Neutral Sentiment: CEO Marc Rowan’s view that there is little “alpha” in public markets reinforces Apollo’s emphasis on private markets and alternative assets, but does not represent a new financial forecast. Why Apollo’s Marc Rowan Says There Is No Alpha in Public Markets
• Negative Sentiment: Piper Sandler lowered its price target for APO, signaling more cautious expectations for valuation or earnings despite the recent share-price strength. Apollo Stock Price Target Cut by Piper Sandler

About Apollo Global Management

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.