Apollo Global Management Inc. $APO Shares Bought by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC lifted its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 28.4% during the third quarter, HoldingsChannel reports. The firm owned 65,601 shares of the financial services provider’s stock after acquiring an additional 14,524 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Apollo Global Management were worth $7,614,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Legal & General Group Plc acquired a new position in shares of Apollo Global Management in the 2nd quarter valued at approximately $459,987,000. Bank of New York Mellon Corp bought a new stake in Apollo Global Management during the 2nd quarter worth approximately $336,644,000. Temasek Holdings Private Ltd increased its stake in Apollo Global Management by 214.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock worth $263,861,000 after purchasing an additional 1,614,813 shares in the last quarter. Deutsche Bank AG bought a new stake in Apollo Global Management during the 2nd quarter worth approximately $172,290,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Apollo Global Management during the 2nd quarter worth approximately $136,528,000. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management News Summary

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

• Positive Sentiment: Strategic Mubadala Capital investment: Apollo is set to acquire nearly a 10% stake in Abu Dhabi-backed Mubadala Capital and commit approximately $5 billion. The deal deepens Apollo’s relationship with sovereign investor Mubadala and could provide greater access to Middle Eastern capital, co-investments and global alternative-asset opportunities. Apollo to buy nearly 10% stake in Mubadala Capital
• Positive Sentiment: SpaceX AI-infrastructure financing: Reports indicate Apollo is involved in a roughly $40 billion SpaceX deal to finance or lease graphics-processing units used for AI infrastructure. The transaction highlights demand for Apollo’s private-credit capabilities and could support fee and investment growth if completed on the reported scale. Apollo deepens Abu Dhabi ties with strategic investment in Mubadala Capital
• Neutral Sentiment: Potential Rio Tinto infrastructure bid: Apollo and GIC reportedly joined the bidder pool for Rio Tinto’s approximately $7 billion infrastructure assets. A successful bid could create an additional large investment opportunity, although the report does not indicate that Apollo has won the auction. Apollo and GIC join Rio Tinto infrastructure auction
• Negative Sentiment: Cautious AI outlook: Apollo chief economist Torsten Slok said AI spending has produced little or no measurable financial payoff for most large companies outside the “Magnificent Seven.” While the comments do not directly reduce Apollo’s earnings, they could temper enthusiasm around AI-related investments and raise questions about whether the broader AI boom will generate expected productivity and economic returns. AI spending has not improved profits for most major companies

Apollo Global Management Stock Up 1.4%

APO stock opened at $114.44 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a market capitalization of $67.58 billion, a P/E ratio of 41.92, a P/E/G ratio of 1.04 and a beta of 1.58. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $153.29. The business has a 50-day moving average of $123.71 and a 200-day moving average of $124.16.

Apollo Global Management (NYSE:APO) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). The firm had revenue of $5.57 billion during the quarter, compared to analyst estimates 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 prior year, the business posted $1.92 EPS. On average, sell-side analysts anticipate that Apollo Global Management Inc. will post 7.96 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th were paid a dividend of $0.5625 per share. This represents a $2.25 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 19th. Apollo Global Management’s dividend payout ratio (DPR) is currently 82.42%.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 3,000 shares of Apollo Global Management stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $140.84, for a total value of $422,520.00. Following the sale, the chief financial officer directly owned 396,533 shares in the company, valued at $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on APO. Piper Sandler dropped their target price on shares of Apollo Global Management from $159.00 to $145.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Royal Bank Of Canada upped their price target on shares of Apollo Global Management from $137.00 to $146.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. UBS Group lowered their price objective on shares of Apollo Global Management from $172.00 to $163.00 and set a “buy” rating for the company in a research report on Tuesday, October 13th. Wells Fargo & Company began coverage on shares of Apollo Global Management in a research report on Friday, October 2nd. They set an “equal weight” rating and a $127.00 price objective for the company. Finally, BMO Capital Markets raised their price objective on shares of Apollo Global Management from $126.00 to $134.00 and gave the stock a “market perform” rating in a report on Monday, August 10th. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and an average target price of $151.90.

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.