25,150 Apollo Global Management Inc. $APO Shares Purchased by Factory Mutual Insurance Co.

Factory Mutual Insurance Co. boosted its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 14.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 198,350 shares of the financial services provider’s stock after buying an additional 25,150 shares during the quarter. Factory Mutual Insurance Co.’s holdings in Apollo Global Management were worth $23,021,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Continuum Advisory LLC acquired a new stake in shares of Apollo Global Management in the second quarter valued at approximately $30,000. Keating Financial Advisory Services Inc. bought a new position in shares of Apollo Global Management during the 2nd quarter worth approximately $31,000. N.E.W. Advisory Services LLC bought a new position in shares of Apollo Global Management during the 2nd quarter worth approximately $38,000. MADDEN SECURITIES Corp acquired a new position in shares of Apollo Global Management during the 3rd quarter worth approximately $55,000. Finally, Pinnacle Holdings LLC acquired a new position in shares of Apollo Global Management during the 2nd quarter worth approximately $58,000. Institutional investors own 77.06% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 3,000 shares of Apollo Global Management 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 completion of the sale, the chief financial officer owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on APO. UBS Group dropped their price target on Apollo Global Management from $172.00 to $163.00 and set a “buy” rating on the stock in a research note on Tuesday, October 13th. Morgan Stanley reduced their price objective on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Bank of America reduced their price objective on shares of Apollo Global Management from $163.00 to $161.00 in a research report on Monday, October 5th. JPMorgan Chase & Co. upped their price objective on shares of Apollo Global Management from $150.00 to $154.00 and gave the company an “overweight” rating in a report on Wednesday, September 2nd. Finally, Piper Sandler reissued an “overweight” rating on shares of Apollo Global Management in a research report on Wednesday. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $151.40.

Trending Headlines about Apollo Global Management

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

• Positive Sentiment: Apollo launched the European Credit Company, a private-credit platform with more than €10 billion in initial lending capacity. It broadens Apollo’s reach across corporate, asset-backed, infrastructure and real-estate lending. Apollo Announces the Launch of European Credit Company
• Positive Sentiment: Loan originations reportedly reached a record $114 billion, while assets under management climbed to $1.07 trillion, highlighting demand for alternative financing and Apollo’s scale. Apollo’s originations rise to a record $114 billion
• Positive Sentiment: Fee-related earnings reportedly exceeded expectations, offering a bright spot amid the broader earnings disappointment. Apollo Global Q3 earnings disappoint, but fee-related earnings surprise to the upside
• Positive Sentiment: Apollo declared a quarterly dividend of $0.5625 per share, equivalent to $2.25 annually. Apollo Global Management dividend announcement
• Neutral Sentiment: The firm plans to spend $350 million on a software overhaul for private-credit trading. The investment may support operations over time, but adds near-term spending. Apollo to Spend $350 Million on Software Overhaul
• Negative Sentiment: Q3 earnings missed analyst expectations, and Apollo swung to a $1.06 billion net loss attributable to common stockholders from net income a year earlier, largely due to investment-related losses. Reports also cited rising expenses. The shortfall is the clearest near-term headwind for APO shares. Apollo Global Swings to a Loss on Investment-Related Losses

Apollo Global Management Stock Performance

NYSE:APO opened at $113.76 on Wednesday. The stock has a market cap of $67.18 billion, a P/E ratio of 41.67, a PEG ratio of 1.10 and a beta of 1.51. The stock has a 50 day simple moving average of $121.66 and a 200 day simple moving average of $123.30. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34. Apollo Global Management Inc. has a 1-year low of $99.56 and a 1-year 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 earnings per share (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 firm had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter last year, the firm earned $1.92 earnings per share. Research analysts anticipate that Apollo Global Management Inc. will post 7.96 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Wednesday, November 18th will be given a dividend of $0.5625 per share. The ex-dividend date is Wednesday, November 18th. This represents a $2.25 annualized dividend and a yield of 2.0%. Apollo Global Management’s dividend payout ratio (DPR) is presently 82.42%.

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.