49,148 Apollo Global Management Inc. $APO Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. grew its holdings in Apollo Global Management Inc. (NYSE:APO) by 311.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 64,941 shares of the financial services provider’s stock after buying an additional 49,148 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Apollo Global Management were worth $7,537,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Apollo Global Management by 4.3% during the second 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 purchasing an additional 234,517 shares in the last quarter. Legal & General Group Plc purchased a new position in Apollo Global Management during the second quarter valued at approximately $459,987,000. Bank of New York Mellon Corp raised its stake in Apollo Global Management by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 2,901,110 shares of the financial services provider’s stock worth $323,242,000 after buying an additional 188,668 shares in the last quarter. Temasek Holdings Private Ltd raised its stake in Apollo Global Management by 214.4% in the first quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock worth $263,861,000 after buying an additional 1,614,813 shares in the last quarter. Finally, Curated Wealth Partners LLC raised its stake in Apollo Global Management by 91.8% in the third quarter. Curated Wealth Partners LLC now owns 2,205,762 shares of the financial services provider’s stock worth $255,887,000 after buying an additional 1,055,818 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Key Apollo Global Management News

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

Insider Activity

In other news, CFO Martin Kelly sold 3,000 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the transaction, the chief financial officer directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.30% of the company’s stock.

Analysts Set New Price Targets

APO has been the topic of several recent research reports. Evercore increased their target price on Apollo Global Management from $145.00 to $146.00 in a research report on Thursday, October 8th. HSBC began coverage on Apollo Global Management in a research report on Monday, July 20th. They issued a “buy” rating and a $145.00 price target for the company. Keefe, Bruyette & Woods upgraded Apollo Global Management to a “hold” rating in a research note on Monday, July 20th. Bank of America decreased their price objective on Apollo Global Management from $163.00 to $161.00 in a research note on Monday, October 5th. Finally, Rothschild & Co Redburn raised their price objective on Apollo Global Management from $171.00 to $173.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and an average target price of $151.90.

Apollo Global Management Stock Up 2.6%

Shares of Apollo Global Management stock opened at $114.65 on Friday. 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 company has a market cap of $67.70 billion, a P/E ratio of 42.00, a PEG ratio of 1.03 and a beta of 1.58. The firm’s 50 day moving average price is $124.66 and its 200-day moving average price is $125.32. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $153.29.

Apollo Global Management (NYSE:APO) last posted its earnings results 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). The firm had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.65 billion. Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. During the same period in the previous year, the company earned $1.92 EPS. On average, sell-side analysts predict that Apollo Global Management Inc. will post 7.97 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The company 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 yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 19th. Apollo Global Management’s payout ratio is currently 82.42%.

Apollo Global Management Company 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.