Apollo Global Management Inc. $APO Shares Purchased by Osborne Partners Capital Management LLC

Osborne Partners Capital Management LLC raised its position in Apollo Global Management Inc. (NYSE:APO) by 25.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,339 shares of the financial services provider’s stock after buying an additional 7,667 shares during the period. Osborne Partners Capital Management LLC’s holdings in Apollo Global Management were worth $4,160,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Chesapeake Asset Management LLC increased its position in shares of Apollo Global Management by 3.6% during the fourth quarter. Chesapeake Asset Management LLC now owns 2,065 shares of the financial services provider’s stock worth $299,000 after acquiring an additional 72 shares during the last quarter. Mitchell & Pahl Private Wealth LLC lifted its stake in shares of Apollo Global Management by 0.8% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 9,553 shares of the financial services provider’s stock worth $1,383,000 after acquiring an additional 80 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in Apollo Global Management by 16.9% in the third quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 82 shares during the last quarter. United Advisor Group LLC boosted its holdings in Apollo Global Management by 4.7% in the fourth quarter. United Advisor Group LLC now owns 1,948 shares of the financial services provider’s stock valued at $282,000 after purchasing an additional 87 shares during the last quarter. Finally, Broadway Wealth Solutions Inc. grew its stake in Apollo Global Management by 3.8% during the 4th quarter. Broadway Wealth Solutions Inc. now owns 2,388 shares of the financial services provider’s stock valued at $346,000 after purchasing an additional 87 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

APO has been the topic of several analyst reports. BMO Capital Markets dropped their price objective on Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating on the stock in a report on Tuesday, March 24th. Royal Bank Of Canada increased their target price on Apollo Global Management from $139.00 to $146.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. Weiss Ratings lowered shares of Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Morgan Stanley reduced their price objective on shares of Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Finally, Piper Sandler boosted their target price on shares of Apollo Global Management from $146.00 to $157.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $151.23.

Insider Activity at Apollo Global Management

In related news, insider John P. Zito sold 48,644 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $400,302,519.36. This represents a 1.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.30% of the company’s stock.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $118.71 on Friday. Apollo Global Management Inc. has a twelve month low of $99.56 and a twelve month high of $157.28. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $68.44 billion, a price-to-earnings ratio of 75.61, a price-to-earnings-growth ratio of 1.02 and a beta of 1.50. The business has a 50 day simple moving average of $128.79 and a 200-day simple moving average of $126.95.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.05. The business had revenue of $5.06 billion for the quarter, compared to analyst estimates of $5.19 billion. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The business’s revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.82 EPS. As a group, equities research analysts expect that Apollo Global Management Inc. will post 8.26 earnings per share for the current year.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were given a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Tuesday, May 19th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s payout ratio is 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.