Apollo Global Management Inc. $APO Shares Purchased by E. Ohman J or Asset Management AB

Key Points

• E. Öhman Jor Asset Management AB increased its Apollo Global Management stake by 128.5% in the third quarter, purchasing 19,426 additional shares for a total of 34,547 shares valued at approximately $4.01 million.
• Institutional ownership remains substantial at 77.06%, with Legal & General, Bank of New York Mellon, Temasek, Deutsche Bank and Mitsubishi UFJ among other investors building positions.
• Apollo’s latest quarterly results missed analyst expectations for both earnings and revenue, although analysts maintain a “Moderate Buy” consensus with a $151.90 price target; the company also pays a quarterly dividend of $0.5625 per share.

E. Ohman J or Asset Management AB grew its holdings in Apollo Global Management Inc. (NYSE:APO - Free Report) by 128.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,547 shares of the financial services provider's stock after buying an additional 19,426 shares during the quarter. E. Ohman J or Asset Management AB's holdings in Apollo Global Management were worth $4,010,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Legal & General Group Plc acquired a new stake in Apollo Global Management in the 2nd quarter valued at about $459,987,000. Bank of New York Mellon Corp acquired a new stake in shares of Apollo Global Management in the second quarter valued at $336,644,000. Temasek Holdings Private Ltd lifted its stake 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 worth $263,861,000 after acquiring an additional 1,614,813 shares in the last quarter. Deutsche Bank AG acquired a new position in Apollo Global Management in the 2nd quarter valued at about $172,290,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Apollo Global Management during the second quarter worth about $136,528,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Key Apollo Global Management News

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 Performance

APO opened at $114.65 on Friday. Apollo Global Management Inc. has a 1-year low of $99.56 and a 1-year high of $153.29. The stock has a market cap of $67.70 billion, a P/E ratio of 42.00, a P/E/G ratio of 1.03 and a beta of 1.58. The stock's 50 day simple moving average is $124.66 and its 200 day simple moving average is $125.32. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70.

Apollo Global Management (NYSE:APO - Get Free Report) last released its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.16 by ($0.05). The company had revenue of $5.57 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $1.92 EPS. As a group, equities analysts anticipate that Apollo Global Management Inc. will post 7.97 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 19th were paid 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 presently 82.42%.

Analyst Upgrades and Downgrades

APO has been the topic of a number of recent research reports. UBS Group cut their target price on shares of Apollo Global Management from $172.00 to $163.00 and set a "buy" rating on the stock in a research note on Tuesday, October 13th. HSBC started coverage on shares of Apollo Global Management in a research report on Monday, July 20th. They issued a "buy" rating and a $145.00 price target for the company. Rothschild & Co Redburn lifted their price target on Apollo Global Management from $171.00 to $173.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. TD Cowen decreased their price objective on Apollo Global Management from $159.00 to $154.00 and set a "buy" rating for the company in a report on Monday, October 12th. Finally, Royal Bank Of Canada lifted their price objective on shares of Apollo Global Management from $137.00 to $146.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 5th. Fourteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $151.90.

Insider Activity

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the business'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 completion of the transaction, the chief financial officer directly owned 396,533 shares of the company's stock, valued at $55,847,707.72. The trade was a 0.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 8.30% of the company's stock.

Apollo Global Management Profile

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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