Apollo Global Management Inc. $APO Shares Acquired by QRG Capital Management Inc.

Key Points

• QRG Capital Management increased its Apollo Global Management stake by 261.3% in the second quarter, purchasing 88,572 additional shares and bringing its holdings to 122,475 shares valued at approximately $14.49 million.
• Institutional investors own 77.06% of Apollo’s stock, while the shares recently traded at $124.29, within a 12-month range of $99.56 to $153.29.
• Apollo reported quarterly earnings of $2.11 per share and revenue of $5.57 billion, both slightly below analyst expectations. The company maintains a quarterly dividend of $0.5625 per share, equal to a 1.8% annualized yield.

QRG Capital Management Inc. raised its stake in Apollo Global Management Inc. (NYSE:APO - Free Report) by 261.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 122,475 shares of the financial services provider's stock after purchasing an additional 88,572 shares during the quarter. QRG Capital Management Inc.'s holdings in Apollo Global Management were worth $14,490,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC lifted its position in Apollo Global Management by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 10,198,837 shares of the financial services provider's stock valued at $1,469,793,000 after buying an additional 200,312 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased 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 worth $669,372,000 after acquiring an additional 234,517 shares in the last quarter. Boston Partners raised its stake in shares of 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 acquiring an additional 1,692,532 shares during the period. Legal & General Group Plc purchased a new position in shares of Apollo Global Management in the 2nd quarter valued at $459,987,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Apollo Global Management by 10.6% during the 4th quarter. Bank of New York Mellon Corp now owns 2,712,442 shares of the financial services provider's stock valued at $392,653,000 after acquiring an additional 260,905 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Stock Performance

Apollo Global Management stock opened at $124.29 on Thursday. Apollo Global Management Inc. has a 12-month low of $99.56 and a 12-month high of $153.29. 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 capitalization of $73.40 billion, a price-to-earnings ratio of 45.53, a price-to-earnings-growth ratio of 1.09 and a beta of 1.52. The firm's fifty day moving average price is $129.27 and its 200 day moving average price is $124.27.

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 for the quarter, missing analysts' consensus estimates of $2.16 by ($0.05). Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. The firm had revenue of $5.57 billion during the quarter, compared to analysts' expectations of $5.65 billion. During the same period in the previous year, the company earned $1.92 earnings per share. On average, research analysts forecast that Apollo Global Management Inc. will post 8.08 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently disclosed 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. The ex-dividend date was Wednesday, August 19th. This represents a $2.25 annualized dividend and a yield of 1.8%. Apollo Global Management's payout ratio is currently 82.42%.

Trending Headlines about Apollo Global Management

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

• Positive Sentiment: Apollo is reportedly considering selling Energos Infrastructure for more than $3 billion. A transaction at that valuation could demonstrate the value of Apollo’s infrastructure portfolio, generate management fees or performance income, and provide capital for new investments. Apollo Global Management Reportedly Rumored to Sell Energos Infrastructure for over USD 3 Billion
• Neutral Sentiment: Redemption requests at Apollo’s $26 billion private-credit fund reportedly eased during the third quarter, but withdrawals remain high enough that the fund again capped redemptions. Reports indicate as much as 14.7% of investors sought to exit, highlighting ongoing liquidity concerns despite the moderation. Apollo Global caps private credit fund again as 14.7% look to exit
• Neutral Sentiment: CEO Marc Rowan criticized regulators over their handling of the Walter insurance situation. The comments underscore Apollo’s regulatory concerns, but do not by themselves change the company’s financial outlook. Apollo’s Rowan Blasts Regulators for Handling of Walter Insurers
• Neutral Sentiment: Apollo’s reported $2.6 billion investment in the New York Yankees is being viewed as strategically significant, potentially expanding its sports and entertainment investment platform, although the immediate earnings impact is unclear. 10 Reasons Why Apollo’s Investment in the Yankees Is Significant
• Negative Sentiment: Apollo’s Atlas platform could face a potential loss of as much as $1.1 billion following the collapse of UK insurer MFS. The report raises concerns about credit exposure, valuation losses, and risks within Apollo’s insurance-related investments. Apollo’s Atlas Facing $1.1 Billion Potential Hit on Collapse of UK’s MFS
• Negative Sentiment: Investors remain concerned that repeated redemption caps could damage confidence in Apollo’s private-credit products, slow fundraising, and pressure fee-related earnings. These concerns come after Apollo recently reported quarterly revenue and earnings below consensus estimates. Apollo Global at Risk as Private Credit Redemptions Continue

Insider Transactions at Apollo Global Management

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 transaction, the chief financial officer directly 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 8.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised shares of Apollo Global Management to a "hold" rating in a research report on Monday, July 20th. HSBC started coverage on Apollo Global Management in a research note on Monday, July 20th. They set a "buy" rating and a $145.00 price objective on the stock. UBS Group upped their target price on Apollo Global Management from $157.00 to $172.00 and gave the stock a "buy" rating in a research report on Wednesday, August 5th. Morgan Stanley dropped their target price on Apollo Global Management from $165.00 to $164.00 and set an "overweight" rating on the stock in a report on Tuesday, July 21st. Finally, Weiss Ratings raised Apollo Global Management from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued 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 a consensus price target of $152.15.

Apollo Global Management Company Profile

Apollo Global Management, Inc NYSE: APO is a global alternative asset manager that provides investment management and retirement services. The company serves institutional investors, businesses and individual investors through a range of strategies focused on private equity, credit, real assets and other long-term investments.

Apollo's asset-management business invests across industries and geographies, with activities that include corporate and structured credit, private equity, infrastructure, real estate and hybrid strategies.

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