Cetera Investment Advisers Grows Stake in Apollo Global Management Inc. $APO

Cetera Investment Advisers lifted its stake in Apollo Global Management Inc. (NYSE:APO) by 20.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 116,007 shares of the financial services provider’s stock after buying an additional 19,668 shares during the quarter. Cetera Investment Advisers’ holdings in Apollo Global Management were worth $12,926,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Schnieders Capital Management LLC. bought a new position in shares of Apollo Global Management in the second quarter worth approximately $7,954,000. Baird Financial Group Inc. raised its holdings in Apollo Global Management by 117.5% in the 2nd quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider’s stock worth $2,287,000 after acquiring an additional 8,709 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Apollo Global Management by 4.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider’s stock valued at $949,000 after acquiring an additional 305 shares in the last quarter. Nebula Research & Development LLC bought a new position in Apollo Global Management in the 2nd quarter valued at approximately $722,000. Finally, Northern Right Capital Management L.P. boosted its stake in Apollo Global Management by 1.5% during the 2nd quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider’s stock valued at $24,542,000 after purchasing an additional 2,500 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on APO. UBS Group increased their price objective on Apollo Global Management from $138.00 to $158.00 and gave the company a “buy” rating in a research report on Friday, May 8th. TD Cowen decreased their target price 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. Piper Sandler lowered their target price on shares of Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. Finally, Wall Street Zen lowered shares of Apollo Global Management from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $149.08.

Insider Buying and Selling

In other Apollo Global Management news, insider John P. Zito sold 48,644 shares of Apollo Global Management stock in a transaction that occurred 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 transaction, the insider 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.30% of the company’s stock.

More Apollo Global Management News

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

• Positive Sentiment: Expansion into offshore energy: Apollo and Singapore’s Keppel plan to invest in a new offshore-energy asset fund, with reports indicating Apollo could commit approximately $1.5 billion. The initiative may help Apollo deploy permanent capital, diversify fee-generating assets and benefit from demand for energy infrastructure. Apollo and Singapore’s Keppel to Invest in New Offshore Energy Asset Fund
• Positive Sentiment: Potential asset monetization: Keppel is reportedly selling six legacy drilling rigs for $928 million, a transaction that could provide greater clarity on asset values and support the broader offshore-energy strategy involving Apollo. Keppel to Divest Six Legacy Drilling Rigs for $928 Million
• Neutral Sentiment: Valuation debate: Recent analysis questions whether APO is undervalued or already fully priced, suggesting investors are balancing Apollo’s growth opportunities against its elevated valuation and execution risks. Is Apollo Global Management Undervalued or Overpriced Today?
• Neutral Sentiment: Macro-market concerns: Apollo chief economist Torsten Slok said reduced Federal Reserve communication is contributing to a “yo-yo” bond market. Greater rate and fixed-income volatility can affect asset valuations, fundraising and investment activity across Apollo’s platform. Apollo’s Slok Says Fed’s New Silence Fuels ‘Yo-Yo’ Bond Market
• Negative Sentiment: Upcoming earnings caution: Zacks said Apollo does not currently show the combination of factors that typically supports a likely earnings beat, tempering expectations ahead of its next report. Apollo Reports Next Week: Wall Street Expects Earnings Growth
• Negative Sentiment: Reputational and legal risk: A Mississippi pension fund sued Apollo, alleging the firm downplayed ties to Jeffrey Epstein. The allegations could create legal costs, reputational damage and additional scrutiny of Apollo’s governance and disclosures. Mississippi Pension Fund Sues Apollo Global Management Over Downplayed Epstein Ties

Apollo Global Management Stock Performance

Shares of APO opened at $119.94 on Thursday. 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 business has a 50-day simple moving average of $125.60 and a two-hundred day simple moving average of $123.43. The stock has a market cap of $69.15 billion, a price-to-earnings ratio of 76.39, a PEG ratio of 1.09 and a beta of 1.50. 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 quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, topping the consensus estimate of $1.89 by $0.05. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The firm had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter last year, the company earned $1.82 earnings per share. The business’s revenue for the quarter was down 8.8% compared to the same quarter last year. On average, analysts expect that Apollo Global Management Inc. will post 8.19 EPS for the current 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 represents a $2.25 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, May 19th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s dividend payout ratio (DPR) is 143.31%.

Apollo Global Management Company 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.