73,412 Apollo Global Management Inc. $APO Shares Bought by Sowell Financial Services LLC

Key Points

• Sowell Financial Services increased its Apollo Global Management stake by 2,040.9% in the third quarter, purchasing 73,412 shares and bringing its total holdings to 77,009 shares valued at approximately $8.94 million.
• Institutional ownership remains substantial at 77.06%, with several major firms—including Legal & General, Bank of New York Mellon, Temasek, Deutsche Bank and Mitsubishi UFJ—recently acquiring or expanding positions.
• Analysts maintain a generally positive outlook, with 14 Buy ratings and six Holds producing a “Moderate Buy” consensus and an average price target of $151.90. Apollo recently reported quarterly EPS of $2.11, below the $2.16 estimate, and pays an annualized dividend of $2.25 per share.

Sowell Financial Services LLC lifted its holdings in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 2,040.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,009 shares of the financial services provider's stock after purchasing an additional 73,412 shares during the quarter. Sowell Financial Services LLC's holdings in Apollo Global Management were worth $8,938,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

APO has been the subject of a number of analyst reports. Barclays boosted their price target on Apollo Global Management from $132.00 to $157.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. TD Cowen lowered their price objective on Apollo Global Management from $159.00 to $154.00 and set a "buy" rating on the stock in a report on Monday, October 12th. UBS Group cut their price objective on Apollo Global Management from $172.00 to $163.00 and set a "buy" rating on the stock in a research note on Tuesday, October 13th. Rothschild & Co Redburn increased their price target on Apollo Global Management from $171.00 to $173.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Finally, Piper Sandler decreased their price objective on shares of Apollo Global Management from $159.00 to $145.00 and set an "overweight" rating for the company in a report on Monday. Fourteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $151.90.

Apollo Global Management Stock Performance

NYSE APO opened at $111.36 on Wednesday. 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 firm has a market capitalization of $65.76 billion, a price-to-earnings ratio of 40.79, a P/E/G ratio of 0.99 and a beta of 1.58. The company's fifty day moving average is $125.77 and its two-hundred day moving average is $125.23. 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 - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by ($0.05). The company had revenue of $5.57 billion for the quarter, compared to the consensus estimate 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 firm posted $1.92 EPS. Equities research analysts forecast that Apollo Global Management Inc. will post 7.99 EPS for the current year.

Apollo Global Management Announces Dividend

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

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the company's stock in a transaction that occurred 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 transaction, the chief financial officer owned 396,533 shares of the company's stock, valued at $55,847,707.72. This represents a 0.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 8.30% of the stock is currently owned by company insiders.

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.

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