Apollo Global Management Inc. $APO Position Raised by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors significantly increased its Apollo Global Management stake by 1,490.1% in the third quarter, adding 92,418 shares for a total holding valued at approximately $11.45 million.
• Institutional ownership remains high at 77.06%, with several major investors—including UBS Asset Management, Boston Partners, Bank of New York Mellon, and Mariner—also increasing their positions.
• Analysts maintain a generally positive outlook, with Apollo rated “Moderate Buy” and a consensus price target of $150.36; however, the company’s latest quarterly EPS and revenue both fell slightly short of estimates.

Farther Finance Advisors LLC grew its holdings in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 1,490.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,620 shares of the financial services provider's stock after purchasing an additional 92,418 shares during the quarter. Farther Finance Advisors LLC's holdings in Apollo Global Management were worth $11,446,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Apollo Global Management by 4.3% in the second 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 valued at $669,372,000 after purchasing an additional 234,517 shares during the period. Legal & General Group Plc bought a new position in Apollo Global Management in the 2nd quarter worth approximately $459,987,000. Boston Partners grew its stake in Apollo Global Management by 106.7% in the 4th quarter. Boston Partners now owns 3,278,862 shares of the financial services provider's stock valued at $474,384,000 after buying an additional 1,692,532 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Apollo Global Management by 7.0% in the 1st quarter. Bank of New York Mellon Corp now owns 2,901,110 shares of the financial services provider's stock valued at $323,242,000 after buying an additional 188,668 shares in the last quarter. Finally, Mariner LLC raised its holdings in Apollo Global Management by 15.9% during the 4th quarter. Mariner LLC now owns 2,433,623 shares of the financial services provider's stock valued at $355,001,000 after acquiring an additional 334,031 shares during the period. Hedge funds and other institutional investors own 77.06% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. BMO Capital Markets dropped their target price on Apollo Global Management from $140.00 to $126.00 and set a "market perform" rating on the stock in a research report on Monday, July 13th. Wall Street Zen upgraded Apollo Global Management from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 18th. Royal Bank Of Canada raised their target price on Apollo Global Management from $137.00 to $146.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 5th. Wells Fargo & Company began coverage on Apollo Global Management in a research report on Friday, October 2nd. They set an "equal weight" rating and a $127.00 price target on the stock. Finally, TD Cowen reissued a "buy" rating on shares of Apollo Global Management in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Apollo Global Management currently has an average rating of "Moderate Buy" and a consensus price target of $150.36.

Apollo Global Management Trading Down 0.2%

NYSE APO opened at $115.34 on Friday. The stock's 50-day simple moving average is $128.41 and its two-hundred day simple moving average is $125.01. Apollo Global Management Inc. has a twelve month low of $99.56 and a twelve month high of $153.29. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $68.11 billion, a price-to-earnings ratio of 42.25, a PEG ratio of 1.02 and a beta of 1.58.

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 analysts' consensus estimates of $2.16 by ($0.05). The firm had revenue of $5.57 billion during the quarter, compared to analysts' expectations 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 earnings per share. Research analysts forecast that Apollo Global Management Inc. will post 8.03 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

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

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $140.84, for a total transaction of $422,520.00. Following the transaction, the chief financial officer directly owned 396,533 shares in the company, valued at $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.30% of the stock is currently owned by corporate insiders.

Apollo Global Management Profile

Apollo Global Management, Inc NYSE: APO is a global alternative asset manager that provides investment management and related services to institutional investors, companies, family offices and individual investors. The firm invests across private equity, credit and real assets, with strategies spanning corporate lending, private and public debt, infrastructure, real estate and other long-term investments.

Apollo also manages retirement and insurance-related assets through Athene, a retirement services company affiliated with Apollo.

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