Osborne Partners Capital Management LLC Grows Position in Apollo Global Management Inc. $APO

Osborne Partners Capital Management LLC grew its stake in Apollo Global Management Inc. (NYSE:APO) by 25.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,339 shares of the financial services provider’s stock after acquiring an additional 7,667 shares during the quarter. Osborne Partners Capital Management LLC’s holdings in Apollo Global Management were worth $4,160,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Swiss National Bank grew its position in shares of Apollo Global Management by 4.0% in the third quarter. Swiss National Bank now owns 1,257,314 shares of the financial services provider’s stock valued at $167,562,000 after purchasing an additional 48,400 shares during the period. Swiss Life Asset Management Ltd boosted its stake in Apollo Global Management by 26.0% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 48,201 shares of the financial services provider’s stock worth $6,424,000 after buying an additional 9,936 shares during the last quarter. Onex Canada Asset Management Inc. boosted its stake in Apollo Global Management by 13.9% in the 3rd quarter. Onex Canada Asset Management Inc. now owns 379,431 shares of the financial services provider’s stock worth $50,566,000 after buying an additional 46,335 shares during the last quarter. Legal & General Group Plc grew its holdings in Apollo Global Management by 4.5% in the 4th quarter. Legal & General Group Plc now owns 3,611,839 shares of the financial services provider’s stock valued at $522,850,000 after buying an additional 155,857 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Apollo Global Management by 2.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,387,029 shares of the financial services provider’s stock valued at $184,930,000 after acquiring an additional 33,402 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analysts Set New Price Targets

APO has been the topic of several recent analyst reports. The Goldman Sachs Group cut their price objective on shares of Apollo Global Management from $169.00 to $134.00 and set a “buy” rating on the stock in a report on Tuesday, April 7th. Piper Sandler increased their price target on shares of Apollo Global Management from $146.00 to $157.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Weiss Ratings lowered shares of Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Morgan Stanley lowered their price objective on shares of Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Finally, Evercore reissued an “outperform” rating on shares of Apollo Global Management in a research report on Tuesday, April 21st. 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. According to MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and an average price target of $151.23.

Insider Activity

In related news, insider John P. Zito sold 48,644 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was 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 in the company, valued at approximately $400,302,519.36. This trade represents a 1.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 8.30% of the company’s stock.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $118.71 on Friday. The firm has a fifty day moving average of $128.79 and a 200-day moving average of $126.95. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $157.28. 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 firm has a market capitalization of $68.44 billion, a P/E ratio of 75.61, a PEG ratio of 1.02 and a beta of 1.50.

Apollo Global Management (NYSE:APO) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share 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 business had revenue of $5.06 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same quarter in the previous year, the business posted $1.82 EPS. The business’s quarterly revenue was down 8.8% on a year-over-year basis. As a group, analysts predict that Apollo Global Management Inc. will post 8.26 EPS for the current year.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were given a $0.5625 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.51. This represents a $2.25 annualized dividend and a dividend yield of 1.9%. Apollo Global Management’s dividend payout ratio (DPR) is currently 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.