117,704 Apollo Global Management Inc. $APO Shares Purchased by International Assets Investment Management LLC

Key Points

• International Assets Investment Management increased its Apollo Global Management stake by 117,704 shares—a 3,378.4% rise—to 121,188 shares, valued at about $14.1 million in its latest filing.
• Analyst sentiment is mixed but leans positive: MarketBeat reports a “Moderate Buy” consensus and a $145.68 average price target, alongside several recent target cuts.
• Apollo declared a quarterly dividend of $0.5625 per share, equivalent to $2.25 annually and a reported yield of 1.9%.

International Assets Investment Management LLC lifted its stake in Apollo Global Management Inc. (NYSE:APO - Free Report) by 3,378.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,188 shares of the financial services provider's stock after acquiring an additional 117,704 shares during the quarter. Apollo Global Management accounts for about 0.2% of International Assets Investment Management LLC's investment portfolio, making the stock its 25th largest holding. International Assets Investment Management LLC's holdings in Apollo Global Management were worth $14,065,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Continuum Advisory LLC purchased a new stake in Apollo Global Management in the second quarter worth approximately $30,000. Keating Financial Advisory Services Inc. purchased a new stake in Apollo Global Management during the 2nd quarter valued at $31,000. N.E.W. Advisory Services LLC purchased a new stake in Apollo Global Management during the 2nd quarter valued at $38,000. Bfsg LLC lifted its holdings in shares of Apollo Global Management by 58.4% during the 3rd quarter. Bfsg LLC now owns 331 shares of the financial services provider's stock valued at $38,000 after buying an additional 122 shares during the period. Finally, MADDEN SECURITIES Corp bought a new position in shares of Apollo Global Management during the 3rd quarter valued at $55,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Apollo Global Management

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

• Positive Sentiment: JPMorgan Chase raised its price target on Apollo, offering a counterpoint to recent analyst reductions. The available report does not specify the new target. Article: Apollo Global Management Stock Gets Price Target Increase from JPMorgan Chase
• Positive Sentiment: UBS and Argus both maintained “buy” ratings despite lowering their targets: UBS cut its target from $163 to $160, while Argus reduced its target from $160 to $140. Their continued buy ratings indicate both firms still see potential upside from the referenced $116.78 share price. Read More. · Read More.
• Neutral Sentiment: Apollo and Goldman Sachs are reportedly seeking buyers for a roughly $40 billion SpaceX AI-chip financing deal. The potential transaction could create financing opportunities, but it remains a reported effort to place the deal, not a confirmed completed investment. Article: Goldman, Apollo in talks to sell SpaceX’s AI deal
• Neutral Sentiment: Nvidia is reportedly interested in Apollo’s struggling telecom sites as potential data-center locations. A sale or other deal could help monetize the assets, though no agreement was reported. Article: Nvidia Eyes Apollo’s Struggling Telecom Sites
• Negative Sentiment: RBC issued a pessimistic forecast, while Keefe, Bruyette & Woods and Barclays lowered their expectations for APO. Together with the Argus and UBS target cuts, the revisions point to more cautious analyst sentiment, even as some firms retain buy ratings. Read More. · Read More. · Read More.
• Negative Sentiment: A report highlighted a 6.7% one-session decline in Apollo shares, underscoring recent volatility; the article listing did not identify a specific cause for that drop. Article: Apollo Global Management Drops 6.7%

Apollo Global Management Stock Down 0.4%

Shares of APO stock opened at $116.78 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.70 and a debt-to-equity ratio of 0.42. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $153.29. The stock has a market cap of $68.96 billion, a P/E ratio of -63.81, a P/E/G ratio of 1.09 and a beta of 1.51. The company has a 50 day simple moving average of $120.79 and a two-hundred day simple moving average of $122.95.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Wednesday, November 18th will be given a dividend of $0.5625 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.9%. Apollo Global Management's payout ratio is presently -122.95%.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 3,000 shares of the company's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the completion of the sale, the chief financial officer directly owned 396,533 shares in the company, valued at $55,847,707.72. This represents a 0.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Whitney Chatterjee sold 7,339 shares of the firm's stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $117.83, for a total value of $864,754.37. Following the completion of the transaction, the insider directly owned 129,151 shares in the company, valued at approximately $15,217,862.33. This represents a 5.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 8.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group dropped their price target on Apollo Global Management from $154.00 to $148.00 and set a "buy" rating on the stock in a research note on Friday, October 2nd. Jefferies Financial Group reduced their price objective on Apollo Global Management from $138.00 to $127.00 and set a "hold" rating for the company in a research report on Tuesday, October 6th. Royal Bank Of Canada lowered their target price on Apollo Global Management from $146.00 to $138.00 and set a "sector perform" rating on the stock in a report on Wednesday. UBS Group dropped their target price on Apollo Global Management from $163.00 to $160.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Wells Fargo & Company started coverage on Apollo Global Management in a research note on Friday, October 2nd. They set an "equal weight" rating and a $127.00 price target for the company. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $145.68.

Apollo Global Management Company Profile

Apollo Global Management is a global alternative asset manager that provides investment management and retirement services. Its investment strategies span private equity, credit and real assets, including infrastructure, and it serves institutional and individual investors.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan. It has since expanded its investment businesses and retirement-services operations, including through Athene, its retirement services platform.

Apollo operates across global markets and is led by co-founder Marc Rowan, who serves as chief executive officer.

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