Apollo Global Management Inc. $APO Shares Sold by Waverly Advisors LLC

Key Points

• Waverly Advisors cut its Apollo Global Management stake by 78.9% in the second quarter, selling 14,088 shares and retaining 3,771 shares valued at approximately $446,000. Institutional investors and hedge funds collectively own 77.06% of APO.
• Apollo’s CFO Martin Kelly sold 3,000 shares worth $422,520, reducing his position by 0.75%; company insiders own 8.30% of the stock.
• Apollo reported quarterly EPS of $2.11, below the $2.16 analyst consensus, while revenue of $5.57 billion also missed estimates. Analysts maintain a “Moderate Buy” consensus with an average price target of $152.15, and the company pays an annualized dividend of $2.25 per share.

Waverly Advisors LLC lowered its position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 78.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,771 shares of the financial services provider's stock after selling 14,088 shares during the quarter. Waverly Advisors LLC's holdings in Apollo Global Management were worth $446,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc boosted its holdings in Apollo Global Management by 4.5% during the fourth quarter. Legal & General Group Plc now owns 3,611,839 shares of the financial services provider's stock worth $522,850,000 after buying an additional 155,857 shares in the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Apollo Global Management in the first quarter valued at $2,641,000. PNC Financial Services Group Inc. increased its holdings in shares of Apollo Global Management by 13.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 67,512 shares of the financial services provider's stock valued at $9,773,000 after buying an additional 8,003 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Apollo Global Management by 7.1% in the fourth quarter. Hsbc Holdings PLC now owns 894,451 shares of the financial services provider's stock valued at $129,786,000 after buying an additional 59,585 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Apollo Global Management by 1,137.6% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,355 shares of the financial services provider's stock valued at $3,526,000 after acquiring an additional 22,387 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 shares were sold at an average price of $140.84, for a total value of $422,520.00. Following the transaction, the chief financial officer owned 396,533 shares in the company, valued at approximately $55,847,707.72. This represents a 0.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 8.30% of the company's stock.

Apollo Global Management Stock Performance

Shares of APO stock opened at $124.83 on Thursday. The company has a market capitalization of $73.72 billion, a price-to-earnings ratio of 45.73, a P/E/G ratio of 1.11 and a beta of 1.52. Apollo Global Management Inc. has a 1-year low of $99.56 and a 1-year high of $153.29. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34. The stock's fifty day simple moving average is $128.72 and its 200-day simple moving average is $123.63.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same quarter in the previous year, the business posted $1.92 earnings per share. On average, sell-side analysts predict that Apollo Global Management Inc. will post 8.08 earnings per share 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 given a dividend of $0.5625 per share. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.25 dividend on an annualized basis and a yield of 1.8%. Apollo Global Management's payout ratio is presently 82.42%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. BMO Capital Markets decreased their target price on Apollo Global Management from $140.00 to $126.00 and set a "market perform" rating on the stock in a report on Monday, July 13th. HSBC started coverage on Apollo Global Management in a report on Monday, July 20th. They set a "buy" rating and a $145.00 target price for the company. TD Cowen reiterated a "buy" rating on shares of Apollo Global Management in a research report on Thursday, August 6th. Keefe, Bruyette & Woods raised Apollo Global Management to a "hold" rating in a research note on Monday, July 20th. Finally, JPMorgan Chase & Co. boosted their price objective on Apollo Global Management from $150.00 to $154.00 and gave the stock an "overweight" rating in a report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $152.15.

More Apollo Global Management News

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

• Positive Sentiment: Apollo-managed funds completed a €3 billion capital solution for Bayer, expanding the firm’s deployment of capital and potentially generating management and performance fees. Apollo Funds Complete €3 Billion Capital Solution for Bayer
• Positive Sentiment: Apollo and other long-term investors provided $585 million to refinance debt and support expansion at The Executive Centre, a flexible-office operator serving Asia, the Middle East and other regional markets. The transaction highlights continued demand for Apollo’s private-credit financing. Apollo Provides $585 Million Financing to The Executive Centre
• Positive Sentiment: Apollo’s Michaels retail business reportedly used a $101 million tariff refund to repurchase debt, which could reduce interest costs and improve credit metrics. Michaels Uses $101 Million Tariff Refund to Repurchase Debt
• Neutral Sentiment: Market reports say Apollo may be among the private-equity firms considering acquisitions of Johnson & Johnson’s orthopedics unit, potentially valued at about $20 billion. The opportunity could expand assets under management, but the report is unconfirmed and such a transaction would require substantial capital. Apollo Global in Talks to Buy J&J Orthopedics Unit
• Neutral Sentiment: Apollo was also reported as a potential bidder for Ashland, but the sales-process report remains unconfirmed. Apollo Potentially Interested in Ashland
• Negative Sentiment: Apollo warned that credit-default-swap pricing indicates rising credit risk for hyperscaler debt. Investors may interpret the comments as a warning about leverage and potential losses in private-credit or structured-finance markets tied to aggressive artificial-intelligence infrastructure spending. Hyperscaler Debt Signals Warning Sign
• Negative Sentiment: The House voted to hold former Apollo CEO Leon Black in contempt of Congress over his refusal to comply with subpoenas in the Jeffrey Epstein investigation. Although Black is no longer Apollo’s CEO, the development creates reputational and headline risk for the firm. House Votes to Hold Leon Black in Contempt

About Apollo Global Management

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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