Apollo Global Management Inc. $APO Shares Purchased by Mariner LLC

Mariner LLC grew its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 15.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,433,623 shares of the financial services provider’s stock after buying an additional 334,031 shares during the quarter. Mariner LLC’s holdings in Apollo Global Management were worth $355,001,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Focus Partners Wealth boosted its stake in shares of Apollo Global Management by 2,560.3% during the 4th quarter. Focus Partners Wealth now owns 1,404,576 shares of the financial services provider’s stock worth $203,324,000 after acquiring an additional 1,351,778 shares in the last quarter. Glen Eagle Advisors LLC boosted its stake in shares of Apollo Global Management by 33.3% during the 4th quarter. Glen Eagle Advisors LLC now owns 384 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 96 shares in the last quarter. Icon Wealth Advisors LLC lifted its holdings in shares of Apollo Global Management by 47.4% during the fourth quarter. Icon Wealth Advisors LLC now owns 8,512 shares of the financial services provider’s stock valued at $1,232,000 after purchasing an additional 2,738 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. acquired a new position in shares of Apollo Global Management in the 4th quarter valued at $161,000. Finally, Brown Advisory Inc. boosted its position in shares of Apollo Global Management by 8.8% in the 4th quarter. Brown Advisory Inc. now owns 422,853 shares of the financial services provider’s stock valued at $61,212,000 after purchasing an additional 34,317 shares during the period. 77.06% of the stock is owned by institutional investors.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, insider John P. Zito sold 48,644 shares of the business’s stock in a transaction 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 sale, the insider directly owned 3,063,696 shares of the company’s stock, valued at $400,302,519.36. The trade was a 1.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.30% of the stock is currently owned by company insiders.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $134.08 on Monday. The company’s fifty day moving average is $125.01 and its two-hundred day moving average is $127.97. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.45. Apollo Global Management Inc. has a 12-month low of $99.56 and a 12-month high of $157.28. The company has a market cap of $77.30 billion, a P/E ratio of 85.40, a price-to-earnings-growth ratio of 1.15 and a beta of 1.50.

Apollo Global Management (NYSE:APO) last announced its 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. 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 for the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the previous year, the business earned $1.82 EPS. The company’s revenue was down 8.8% on a year-over-year basis. Equities analysts expect that Apollo Global Management Inc. will post 8.28 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th were paid a dividend of $0.5625 per share. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $2.25 annualized dividend and a yield of 1.7%. Apollo Global Management’s dividend payout ratio (DPR) is presently 143.31%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on APO. Barclays increased their price target on Apollo Global Management from $125.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Weiss Ratings lowered Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Piper Sandler increased their price target on Apollo Global Management from $146.00 to $157.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Argus upgraded Apollo Global Management to a “strong-buy” rating in a research report on Thursday, February 19th. Finally, TD Cowen decreased their price target on Apollo Global Management from $155.00 to $146.00 and set a “buy” rating for the company in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $151.23.

Trending Headlines about Apollo Global Management

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

• Positive Sentiment: Reports say Apollo is leaning toward Austin, Texas, for a second U.S. headquarters. A larger footprint in a major growth market could support long-term hiring, deal flow, and brand visibility. Apollo Global Management chooses Austin for second HQ, report says
• Positive Sentiment: Several reports highlighted Apollo’s role in large AI infrastructure financing, including backing Broadcom’s multi-billion-dollar AI push and lending against AI chips and computing power. Investors may see this as evidence that Apollo is well positioned to profit from booming demand for AI-related capital. Apollo Global Management (APO) Is Up 5.5% After Backing Broadcom’s $35 Billion AI Infrastructure Push
• Positive Sentiment: Apollo executives have been publicly emphasizing opportunities in AI, including screening software investments for AI threat risk and arguing that AI will pressure certain industries while creating attractive financing opportunities. That keeps Apollo in the center of a major market theme. Apollo Is Screening All Software Investments for AI Threat Risk
• Neutral Sentiment: Management also warned that software valuations may be overpriced and that private equity marks can be misstated. While this reflects Apollo’s cautious underwriting stance, it does not appear to be a direct negative for the stock today. Apollo’s Zito warns software valuations are overpriced, calls out private equity ‘misstating’ marks
• Neutral Sentiment: Apollo is reportedly seeking a Japan insurance license, which would expand its financial-services reach if approved, but the move is still subject to regulatory hurdles. Apollo seeks Japan insurance licence amid regulatory hurdles – report

About Apollo Global Management

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.