Apollo Global Management Inc. $APO Shares Acquired by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners increased its Apollo Global Management stake by 91.8% in the third quarter, purchasing 1.06 million additional shares. Apollo now represents 21.4% of the firm’s portfolio and was valued at approximately $255.9 million.
• Institutional ownership remains substantial at 77.06%, with several major investors—including Temasek, UBS Asset Management, and Dimensional Fund Advisors—also raising their positions.
• Apollo’s shares recently traded at $112.65 after quarterly results slightly missed estimates, while analysts maintain a “Moderate Buy” consensus with an average price target of $152.60. The company also pays a $2.25 annualized dividend, yielding about 2.0%.

Curated Wealth Partners LLC boosted its position in Apollo Global Management Inc. (NYSE:APO - Free Report) by 91.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,205,762 shares of the financial services provider's stock after purchasing an additional 1,055,818 shares during the quarter. Apollo Global Management makes up 21.4% of Curated Wealth Partners LLC's portfolio, making the stock its biggest position. Curated Wealth Partners LLC owned approximately 0.37% of Apollo Global Management worth $255,887,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Apollo Global Management by 4.3% during 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 acquiring an additional 234,517 shares during the last quarter. Legal & General Group Plc acquired a new stake in Apollo Global Management during the 2nd quarter valued at approximately $459,987,000. Bank of New York Mellon Corp purchased a new position in shares of Apollo Global Management during the second quarter worth $336,644,000. Temasek Holdings Private Ltd boosted its holdings in Apollo Global Management by 214.4% in 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 purchasing an additional 1,614,813 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Apollo Global Management by 15.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,976,083 shares of the financial services provider's stock valued at $220,149,000 after buying an additional 266,732 shares during the last quarter. Institutional investors own 77.06% of the company's stock.

Insider Activity

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the firm's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $140.84, for a total transaction of $422,520.00. Following the sale, the chief financial officer directly owned 396,533 shares of the company's stock, valued at $55,847,707.72. This trade represents a 0.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.30% of the stock is owned by corporate insiders.

Apollo Global Management Stock Performance

NYSE:APO traded down $0.74 during mid-day trading on Thursday, reaching $112.65. 1,407,075 shares of the stock were exchanged, compared to its average volume of 4,230,138. The stock has a market capitalization of $66.52 billion, a P/E ratio of 41.25, a P/E/G ratio of 1.03 and a beta of 1.58. The company has a 50 day simple moving average of $127.41 and a 200-day simple moving average of $125.19. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $153.29.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly 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). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%. The company had revenue of $5.57 billion for the quarter, compared to analysts' expectations of $5.65 billion. During the same quarter last year, the company earned $1.92 EPS. Analysts anticipate that Apollo Global Management Inc. will post 8.00 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

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

Analysts Set New Price Targets

Several analysts have commented on the company. Rothschild & Co Redburn raised their price objective on Apollo Global Management from $171.00 to $173.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Barclays boosted their target price on Apollo Global Management from $132.00 to $157.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. UBS Group lowered their price objective on Apollo Global Management from $172.00 to $163.00 and set a "buy" rating for the company in a research report on Tuesday. BMO Capital Markets upped their target price on shares of Apollo Global Management from $126.00 to $134.00 and gave the company a "market perform" rating in a research report on Monday, August 10th. Finally, Bank of America decreased their price objective on shares of Apollo Global Management from $163.00 to $161.00 in a report on Monday, October 5th. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Apollo Global Management has a consensus rating of "Moderate Buy" and an average price target of $152.60.

Apollo Global Management Company 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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