29,377 Shares in Apollo Global Management Inc. $APO Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC acquired a new stake in Apollo Global Management Inc. (NYSE:APO - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 29,377 shares of the financial services provider's stock, valued at approximately $3,476,000.

A number of other hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc raised its stake in Apollo Global Management by 4.5% during the fourth quarter. Legal & General Group Plc now owns 3,611,839 shares of the financial services provider's stock worth $522,850,000 after acquiring an additional 155,857 shares during the period. Sandro Wealth Management LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter valued at $1,599,000. Vanguard Group Inc. boosted its position in shares of Apollo Global Management by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 47,760,608 shares of the financial services provider's stock valued at $6,913,826,000 after purchasing an additional 340,956 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in Apollo Global Management in the first quarter worth approximately $2,641,000. Finally, State of New Jersey Common Pension Fund D lifted its holdings in shares of Apollo Global Management by 6.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 148,803 shares of the financial services provider's stock valued at $21,541,000 after purchasing an additional 9,055 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Insider Buying and Selling

In related news, insider John P. Zito sold 48,644 shares of the company's stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total value of $6,355,825.04. Following the sale, the insider directly owned 3,063,696 shares in the company, valued at $400,302,519.36. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Martin Kelly sold 3,000 shares of Apollo Global Management stock in a transaction dated 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 transaction, the chief financial officer directly owned 396,533 shares of the company's stock, valued at approximately $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 8.30% of the company's stock.

Apollo Global Management News Roundup

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

• Positive Sentiment: Apollo joined an early Section 48E tax-equity deal, expanding its participation in financing opportunities tied to clean-energy projects and the U.S. investment-tax-credit framework. The transaction could support future fee generation and strengthen Apollo’s position in alternative-energy financing. Apollo Global Management Joins Early Section 48E Tax Equity Deal
• Neutral Sentiment: Apollo said an investigation found unauthorized access to some cloud platforms from July 6 through July 10 following a social-engineering incident. The company is assessing the affected information and has disclosed the breach to the public. Apollo Global Management Hit by Social Engineering Attack and Data Breach
• Negative Sentiment: Potentially exposed information includes Social Security numbers and other personal data. The incident may increase Apollo’s costs for investigation, customer support, remediation and security upgrades, while also raising the risk of regulatory scrutiny, lawsuits and reputational damage for the financial-services firm. Apollo Global Confirms Data Breach; Personal Data Potentially Exposed
• Negative Sentiment: Reports characterize the event as part of a broader wave of social-engineering attacks targeting financial companies. Because the intrusion involved compromised access to cloud systems rather than conventional malware, investors may view it as evidence of an ongoing operational and cybersecurity risk. Apollo’s Recent Breach Exposed a Major Risk for Finance Firms

Analysts Set New Price Targets

Several research analysts recently weighed in on APO shares. Morgan Stanley dropped their price target on Apollo Global Management from $165.00 to $164.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 21st. Barclays raised their target price on Apollo Global Management from $132.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Royal Bank Of Canada lifted their target price on shares of Apollo Global Management from $137.00 to $146.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 5th. UBS Group increased their price objective on Apollo Global Management from $157.00 to $172.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Finally, TD Cowen reiterated a "buy" rating on shares of Apollo Global Management in a research report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Apollo Global Management presently has an average rating of "Moderate Buy" and an average target price of $152.77.

Apollo Global Management Stock Performance

Shares of APO opened at $132.63 on Friday. The firm's 50 day moving average price is $126.64 and its two-hundred day moving average price is $122.75. The firm has a market cap of $78.32 billion, a P/E ratio of 48.58, a PEG ratio of 1.19 and a beta of 1.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. Apollo Global Management Inc. has a twelve month low of $99.56 and a twelve month high of $153.29.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.16 by ($0.05). The business had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.65 billion. Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.During the same quarter in the previous year, the company posted $1.92 EPS. On average, analysts forecast that Apollo Global Management Inc. will post 8.08 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be issued a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, August 19th. Apollo Global Management's dividend payout ratio is 82.42%.

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.

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