Apollo Global Management Inc. $APO Stock Acquired by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings increased its Apollo Global Management stake by 311.2% in the third quarter, bringing its holdings to 64,941 shares worth approximately $7.5 million. Institutional investors collectively own 77.06% of APO.
• Apollo reported quarterly revenue of $5.57 billion and EPS of $2.11, slightly below analysts’ expectations. The company paid a quarterly dividend of $0.5625, equivalent to a 2.0% yield.
• Analyst sentiment remains positive overall, with a “Moderate Buy” consensus and an average price target of $151.90, although individual targets range from $127 to $173 and CFO Martin Kelly recently sold 3,000 shares.

Crossmark Global Holdings Inc. lifted its holdings in Apollo Global Management Inc. (NYSE:APO - Free Report) by 311.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 64,941 shares of the financial services provider's stock after buying an additional 49,148 shares during the period. Crossmark Global Holdings Inc.'s holdings in Apollo Global Management were worth $7,537,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in APO. Sowell Financial Services LLC grew its position in Apollo Global Management by 2,040.9% in the third quarter. Sowell Financial Services LLC now owns 77,009 shares of the financial services provider's stock worth $8,938,000 after acquiring an additional 73,412 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Apollo Global Management by 586.0% during the third quarter. Quadrant Capital Group LLC now owns 22,033 shares of the financial services provider's stock worth $2,557,000 after buying an additional 18,821 shares during the period. Parkside Investments LLC increased its position in Apollo Global Management by 3.3% during the third quarter. Parkside Investments LLC now owns 6,200 shares of the financial services provider's stock valued at $720,000 after acquiring an additional 200 shares during the last quarter. Physician Wealth Advisors Inc. increased its position in Apollo Global Management by 546.7% during the third quarter. Physician Wealth Advisors Inc. now owns 1,067 shares of the financial services provider's stock valued at $124,000 after acquiring an additional 902 shares during the last quarter. Finally, Pinnacle Associates Ltd. raised its stake in shares of Apollo Global Management by 100.6% in the third quarter. Pinnacle Associates Ltd. now owns 28,544 shares of the financial services provider's stock valued at $3,313,000 after acquiring an additional 14,312 shares during the period. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the firm's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the transaction, the chief financial officer directly owned 396,533 shares in the company, 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 SEC, which is available through the SEC website. 8.30% of the stock is owned by insiders.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $114.65 on Friday. 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 stock has a market cap of $67.70 billion, a price-to-earnings ratio of 42.00, a price-to-earnings-growth ratio of 1.03 and a beta of 1.58. The firm has a 50-day moving average of $124.66 and a two-hundred day moving average of $125.32. 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 issued its earnings results 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 company had revenue of $5.57 billion for the quarter, compared to analysts' expectations of $5.65 billion. During the same period last year, the business posted $1.92 earnings per share. On average, research analysts forecast that Apollo Global Management Inc. will post 7.97 earnings per share for the current year.

Apollo Global Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 19th were paid a $0.5625 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.25 annualized dividend and a yield of 2.0%. Apollo Global Management's dividend payout ratio is 82.42%.

More 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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada raised their target price on shares of Apollo Global Management from $137.00 to $146.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 5th. Barclays upped their price target on shares of Apollo Global Management from $132.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday, August 5th. Jefferies Financial Group reduced their price objective on shares of Apollo Global Management from $138.00 to $127.00 and set a "hold" rating on the stock in a research report on Tuesday, October 6th. Evercore raised their price objective on shares of Apollo Global Management from $145.00 to $146.00 in a research note on Thursday, October 8th. Finally, Rothschild & Co Redburn raised their price objective on shares of Apollo Global Management from $171.00 to $173.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Apollo Global Management currently has an average rating of "Moderate Buy" and an average price target of $151.90.

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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