Apollo Global Management Inc. $APO Stock Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 1,382.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 505,251 shares of the financial services provider's stock after buying an additional 471,175 shares during the quarter. Commonwealth Equity Services LLC owned 0.09% of Apollo Global Management worth $58,639,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Greenleaf Trust boosted its holdings in shares of Apollo Global Management by 2.6% in the third quarter. Greenleaf Trust now owns 4,144 shares of the financial services provider's stock valued at $481,000 after acquiring an additional 105 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Apollo Global Management by 3.9% during the first quarter. International Assets Investment Management LLC now owns 3,167 shares of the financial services provider's stock worth $349,000 after acquiring an additional 119 shares during the period. Chickasaw Capital Management LLC increased its stake in shares of Apollo Global Management by 4.7% during the third quarter. Chickasaw Capital Management LLC now owns 2,663 shares of the financial services provider's stock worth $309,000 after acquiring an additional 120 shares during the period. Bfsg LLC increased its stake in shares of Apollo Global Management by 58.4% during the third quarter. Bfsg LLC now owns 331 shares of the financial services provider's stock worth $38,000 after acquiring an additional 122 shares during the period. Finally, 180 Wealth Advisors LLC raised its holdings in Apollo Global Management by 2.4% during the second quarter. 180 Wealth Advisors LLC now owns 5,571 shares of the financial services provider's stock worth $659,000 after purchasing an additional 131 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Apollo Global Management News Summary

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

• Positive Sentiment: JPMorgan Chase raised its price target on Apollo, offering a counterpoint to recent analyst reductions. The available report does not specify the new target. Article: Apollo Global Management Stock Gets Price Target Increase from JPMorgan Chase
• Positive Sentiment: UBS and Argus both maintained “buy” ratings despite lowering their targets: UBS cut its target from $163 to $160, while Argus reduced its target from $160 to $140. Their continued buy ratings indicate both firms still see potential upside from the referenced $116.78 share price. Read More. · Read More.
• Neutral Sentiment: Apollo and Goldman Sachs are reportedly seeking buyers for a roughly $40 billion SpaceX AI-chip financing deal. The potential transaction could create financing opportunities, but it remains a reported effort to place the deal, not a confirmed completed investment. Article: Goldman, Apollo in talks to sell SpaceX’s AI deal
• Neutral Sentiment: Nvidia is reportedly interested in Apollo’s struggling telecom sites as potential data-center locations. A sale or other deal could help monetize the assets, though no agreement was reported. Article: Nvidia Eyes Apollo’s Struggling Telecom Sites
• Negative Sentiment: RBC issued a pessimistic forecast, while Keefe, Bruyette & Woods and Barclays lowered their expectations for APO. Together with the Argus and UBS target cuts, the revisions point to more cautious analyst sentiment, even as some firms retain buy ratings. Read More. · Read More. · Read More.
• Negative Sentiment: A report highlighted a 6.7% one-session decline in Apollo shares, underscoring recent volatility; the article listing did not identify a specific cause for that drop. Article: Apollo Global Management Drops 6.7%

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Rothschild & Co Redburn raised their price objective on shares of Apollo Global Management from $171.00 to $173.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Morgan Stanley lowered their price objective on Apollo Global Management from $150.00 to $149.00 and set an "overweight" rating on the stock in a report on Wednesday. Bank of America dropped their target price on Apollo Global Management from $163.00 to $161.00 in a research report on Monday, October 5th. Royal Bank Of Canada dropped their target price on Apollo Global Management from $146.00 to $138.00 and set a "sector perform" rating on the stock in a research report on Wednesday. Finally, TD Cowen cut their target price on Apollo Global Management from $154.00 to $136.00 and set a "buy" rating for the company in a research note on Wednesday. Thirteen 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.com, the company presently has an average rating of "Moderate Buy" and an average price target of $145.68.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $116.78 on Friday. The company has a market cap of $68.96 billion, a P/E ratio of -63.81, a price-to-earnings-growth ratio of 1.09 and a beta of 1.51. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $153.29. The business has a fifty day moving average of $120.79 and a two-hundred day moving average of $122.95. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.70 and a current ratio of 1.41.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Wednesday, November 18th will be issued a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Wednesday, November 18th. Apollo Global Management's dividend payout ratio (DPR) is currently -122.95%.

Insider Transactions at Apollo Global Management

In related news, insider Whitney Chatterjee sold 7,339 shares of the business's stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $117.83, for a total transaction of $864,754.37. Following the sale, the insider owned 129,151 shares of the company's stock, valued at approximately $15,217,862.33. The trade was a 5.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Martin Kelly sold 3,000 shares of the company's stock in a transaction dated 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 owned 396,533 shares in the company, valued at $55,847,707.72. The trade was a 0.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 8.30% of the company's stock.

About Apollo Global Management

Apollo Global Management is a global alternative asset manager that provides investment management and retirement services. Its investment strategies span private equity, credit and real assets, including infrastructure, and it serves institutional and individual investors.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan. It has since expanded its investment businesses and retirement-services operations, including through Athene, its retirement services platform.

Apollo operates across global markets and is led by co-founder Marc Rowan, who serves as chief executive officer.

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