Apollo Global Management Inc. $APO Shares Acquired by Smithbridge Asset Management Inc. DE

Smithbridge Asset Management Inc. DE increased its position in shares of Apollo Global Management Inc. (NYSE:APO) by 37.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 133,565 shares of the financial services provider’s stock after acquiring an additional 36,093 shares during the quarter. Apollo Global Management makes up 1.7% of Smithbridge Asset Management Inc. DE’s portfolio, making the stock its 20th biggest holding. Smithbridge Asset Management Inc. DE’s holdings in Apollo Global Management were worth $19,335,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in 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 purchasing an additional 340,956 shares during the last quarter. Geode Capital Management LLC increased its position 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 valued at $1,469,793,000 after acquiring an additional 200,312 shares during the last quarter. Northern Trust Corp increased its position 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 valued at $584,494,000 after acquiring an additional 299,698 shares during the last quarter. Legal & General Group Plc increased its position 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 valued at $522,850,000 after acquiring an additional 155,857 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position 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 valued at $392,653,000 after acquiring an additional 260,905 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Apollo Global Management

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

• Positive Sentiment: Apollo said it is helping lead a $35 billion capital solution for Broadcom’s new AI XPV platform, alongside Blackstone and major banks. The deal is aimed at expanding AI compute capacity for frontier AI labs, which highlights Apollo’s growing role in large-scale private credit and infrastructure financing. Apollo Leads $35 Billion Capital Solution for Broadcom AI XPV Platform in Partnership with Blackstone and Leading Global Banks
• Positive Sentiment: Reuters reported that Apollo and Blackstone are backing Anthropic’s $35 billion capacity expansion using Broadcom custom chips and networking gear, reinforcing investor optimism around Apollo’s exposure to AI infrastructure and financing fees. Apollo, Blackstone back Anthropic’s $35 billion capacity expansion in new Broadcom tie-up
• Positive Sentiment: Apollo’s senior executives also used recent interviews to frame the firm as a major beneficiary of the AI buildout, including commentary that AI is coming for professional services next. That messaging supports the market’s view that Apollo can monetize the AI investment cycle beyond traditional buyouts. Apollo’s Kleinman Says AI to Come for Professional Services Next
• Neutral Sentiment: Apollo also announced new senior policy and government affairs hires in Europe, a sign of long-term business expansion but not an immediate earnings driver. Apollo Adds Senior Policy and Government Affairs Leaders in Europe
• Neutral Sentiment: Shareholders backed the board, executive pay, and auditor at Apollo’s annual meeting, removing a governance overhang but offering limited new upside by itself. Apollo Shareholders Back Board, Executive Pay and Auditor
• Negative Sentiment: Apollo and Bodycote ended talks over a possible £1.52 billion takeover proposal, which removes a potential deal opportunity and may slightly temper M&A enthusiasm. Apollo Global (APO) and Britain’s Bodycote End Talks Over a £1.52 Billion Takeover Proposal, Reuters Reports

Wall Street Analyst Weigh In

A number of brokerages have weighed in on APO. The Goldman Sachs Group dropped their price target on shares of Apollo Global Management from $169.00 to $134.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. Evercore reiterated an “outperform” rating on shares of Apollo Global Management in a research report on Tuesday, April 21st. UBS Group lifted their price target on shares of Apollo Global Management from $138.00 to $158.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Argus upgraded shares of Apollo Global Management to a “strong-buy” rating in a research report on Thursday, February 19th. Finally, TD Cowen lowered their price objective on shares of Apollo Global Management from $155.00 to $146.00 and set a “buy” rating for the company in a research note on Monday, May 18th. One 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $151.23.

Insider Buying and Selling at Apollo Global Management

In other 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 sale, 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 position. The sale was disclosed in a filing 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 Down 1.0%

Shares of Apollo Global Management stock opened at $131.44 on Thursday. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $157.28. The company has a 50 day moving average of $124.08 and a 200 day moving average of $127.91. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $75.78 billion, a P/E ratio of 83.72, a P/E/G ratio of 1.14 and a beta of 1.50.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.89 by $0.05. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The company had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the previous year, the firm earned $1.82 earnings per share. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. As a group, research analysts forecast that Apollo Global Management Inc. will post 8.28 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were given a dividend of $0.5625 per share. The ex-dividend date was Tuesday, May 19th. This represents a $2.25 annualized dividend and a dividend yield of 1.7%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s payout ratio is presently 143.31%.

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.