Apollo Global Management Inc. $APO Shares Purchased by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management increased its Apollo Global Management stake by 83.9% in the third quarter, bringing its holdings to 29,833 shares valued at approximately $3.19 million. Institutional investors collectively own 77.06% of Apollo’s stock.
• Analyst sentiment remains favorable, with 14 Buy ratings and six Holds producing a “Moderate Buy” consensus and an average price target of $151.90, although Piper Sandler and Goldman Sachs recently lowered their targets.
• Apollo reported quarterly revenue of $5.57 billion and adjusted EPS of $2.11, slightly below analyst expectations, while maintaining a quarterly dividend of $0.5625, or $2.25 annualized.

Axxcess Wealth Management LLC increased its stake in Apollo Global Management Inc. (NYSE:APO - Free Report) by 83.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,833 shares of the financial services provider's stock after purchasing an additional 13,613 shares during the quarter. Axxcess Wealth Management LLC's holdings in Apollo Global Management were worth $3,188,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Legal & General Group Plc bought a new position in Apollo Global Management in the 2nd quarter worth about $459,987,000. Bank of New York Mellon Corp purchased a new position in Apollo Global Management during the 2nd quarter valued at about $336,644,000. Temasek Holdings Private Ltd grew its holdings in Apollo Global Management by 214.4% during the 1st 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 in the last quarter. Deutsche Bank AG bought a new stake in shares of Apollo Global Management during the second quarter valued at about $172,290,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Apollo Global Management during the second quarter valued at about $136,528,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on APO. Keefe, Bruyette & Woods raised shares of Apollo Global Management to a "hold" rating in a research note on Monday, July 20th. HSBC started coverage on shares of Apollo Global Management in a report on Monday, July 20th. They issued a "buy" rating and a $145.00 price target for the company. Evercore boosted their price target on shares of Apollo Global Management from $145.00 to $146.00 in a research report on Thursday, October 8th. Piper Sandler decreased their price target on shares of Apollo Global Management from $159.00 to $145.00 and set an "overweight" rating on the stock in a report on Monday. Finally, The Goldman Sachs Group decreased their price target on shares of Apollo Global Management from $154.00 to $148.00 and set a "buy" rating on the stock in a report on Friday, October 2nd. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $151.90.

Key Stories Impacting Apollo Global Management

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

• Positive Sentiment: Apollo and UDR announced a roughly $2 billion strategic partnership focused on a multifamily real-estate portfolio. Apollo is expected to acquire a majority stake, expanding its real-estate platform and providing additional fee-generating assets. UDR, Apollo Form $2.0 Billion Strategic Partnership
• Positive Sentiment: Reports that Apollo and Blackstone are seeking approval to purchase minority stakes in NFL teams point to potential access to valuable sports assets and new alternative-investment opportunities. Any benefit remains dependent on regulatory approval and completed transactions. Apollo, Blackstone Have NFL Aspirations
• Positive Sentiment: Apollo’s appointment of cryptocurrency investor Micky Malka to its board, effective January 1, 2027, could strengthen the firm’s expertise and relationships in digital assets and emerging financial technologies. Apollo Announces Board Appointment
• Neutral Sentiment: Yankees owner Hal Steinbrenner said he has no plans to sell the team following Apollo’s deal, clarifying that the transaction does not currently signal a change in Yankees control. Hal Steinbrenner Has No Plans to Sell Yankees
• Neutral Sentiment: CEO Marc Rowan’s view that there is little “alpha” in public markets reinforces Apollo’s emphasis on private markets and alternative assets, but does not represent a new financial forecast. Why Apollo’s Marc Rowan Says There Is No Alpha in Public Markets
• Negative Sentiment: Piper Sandler lowered its price target for APO, signaling more cautious expectations for valuation or earnings despite the recent share-price strength. Apollo Stock Price Target Cut by Piper Sandler

Apollo Global Management Stock Up 2.6%

Shares of NYSE:APO opened at $114.65 on Friday. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $153.29. The firm has a fifty day moving average of $124.66 and a 200 day moving average of $125.32. The firm has a market capitalization of $67.70 billion, a PE ratio of 42.00, a price-to-earnings-growth ratio of 1.03 and a beta of 1.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70.

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 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 for the quarter, compared to analysts' expectations of $5.65 billion. During the same quarter in the previous year, the business earned $1.92 EPS. As a group, research analysts anticipate that Apollo Global Management Inc. will post 7.97 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

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 $0.5625 dividend. The ex-dividend date was Wednesday, August 19th. This represents a $2.25 dividend on an annualized basis and a yield of 2.0%. Apollo Global Management's payout ratio is presently 82.42%.

About Apollo Global Management

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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