Alps Advisors Inc. Buys 294,669 Shares of Apollo Global Management Inc. $APO

Key Points

• Alps Advisors increased its Apollo Global Management stake by 1,277.6% in the third quarter, buying 294,669 shares to hold 317,733 shares worth about $36.9 million. Institutional investors collectively own 77.06% of the stock.
• Analysts have a consensus “Moderate Buy” rating and an average price target of $145.68; JPMorgan raised its target to $157, while several firms lowered theirs.
• Apollo’s latest reported quarter came in below expectations, with earnings of $2.11 per share versus a $2.16 consensus and revenue of $5.57 billion versus an estimated $5.65 billion.

Alps Advisors Inc. lifted its stake in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 1,277.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 317,733 shares of the financial services provider's stock after buying an additional 294,669 shares during the period. Alps Advisors Inc. owned approximately 0.05% of Apollo Global Management worth $36,876,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Apollo Global Management by 4.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider's stock worth $669,372,000 after buying an additional 234,517 shares during the last quarter. Legal & General Group Plc bought a new position in Apollo Global Management during the 2nd quarter worth approximately $459,987,000. Bank of New York Mellon Corp increased its stake in shares of Apollo Global Management by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 2,901,110 shares of the financial services provider's stock worth $323,242,000 after purchasing an additional 188,668 shares in the last quarter. Temasek Holdings Private Ltd increased its position in shares of 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 valued at $263,861,000 after buying an additional 1,614,813 shares during the period. Finally, Curated Wealth Partners LLC raised its stake in Apollo Global Management by 91.8% during the 3rd quarter. Curated Wealth Partners LLC now owns 2,205,762 shares of the financial services provider's stock worth $255,887,000 after acquiring an additional 1,055,818 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, insider Whitney Chatterjee sold 7,339 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $117.83, for a total transaction of $864,754.37. Following the completion of the sale, the insider directly owned 129,151 shares of the company's stock, valued at $15,217,862.33. This trade represents a 5.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Martin Kelly sold 3,000 shares of the stock in a transaction dated Friday, August 14th. The shares were 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 in the company, valued at $55,847,707.72. This represents a 0.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 8.30% of the company's stock.

Apollo Global Management News Summary

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%

Analysts Set New Price Targets

APO has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Apollo Global Management from $153.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday. Wells Fargo & Company initiated coverage on Apollo Global Management in a report on Friday, October 2nd. They issued an "equal weight" rating and a $127.00 price target on the stock. Jefferies Financial Group lowered their price objective on shares of 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. Barclays cut their price target on Apollo Global Management from $157.00 to $156.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, Royal Bank Of Canada cut their target price on Apollo Global Management from $146.00 to $138.00 and set a "sector perform" rating on the stock in a research note on Wednesday. Thirteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $145.68.

Apollo Global Management Stock Performance

Apollo Global Management stock opened at $116.78 on Friday. The company has a fifty day moving average price of $120.79 and a two-hundred day moving average price of $122.95. 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 company has a market cap of $68.96 billion, a PE ratio of -63.81, a P/E/G ratio of 1.10 and a beta of 1.51. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $153.29.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing analysts' consensus estimates of $2.16 by ($0.05). The company had revenue of $5.57 billion for 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 company posted $1.92 EPS. Research analysts expect that Apollo Global Management Inc. will post 7.96 earnings per share for the current year.

Apollo Global Management Dividend Announcement

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

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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