Apollo Global Management Inc. $APO Stock Purchased by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services boosted its Apollo stake by 1,219.3% in the third quarter, adding 366,685 shares to hold 396,759 shares valued at about $46.0 million. Institutional investors own 77.06% of Apollo.
• Apollo shares recently traded at $116.78, down 0.4% on the day. Its latest reported quarter missed analyst expectations for both earnings per share ($2.11 versus $2.16) and revenue ($5.57 billion versus $5.65 billion).
• Analyst views are mixed: the stock has a “Moderate Buy” consensus and an average price target of $145.68, while several firms have lowered targets. Apollo also declared a quarterly dividend of $0.5625 per share, equal to a 1.9% annualized yield.

Kestra Advisory Services LLC increased its position in Apollo Global Management Inc. (NYSE:APO - Free Report) by 1,219.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 396,759 shares of the financial services provider's stock after buying an additional 366,685 shares during the period. Kestra Advisory Services LLC owned 0.07% of Apollo Global Management worth $46,048,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legal & General Group Plc bought a new stake in Apollo Global Management in the 2nd quarter worth approximately $459,987,000. Bank of New York Mellon Corp purchased a new stake in shares of Apollo Global Management during the 2nd quarter worth approximately $336,644,000. Temasek Holdings Private Ltd raised its holdings in shares of 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 bought a new position in shares of Apollo Global Management during the 2nd quarter valued at approximately $172,290,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Apollo Global Management during the 2nd quarter valued at approximately $136,528,000. 77.06% of the stock is owned by institutional investors.

Trending Headlines about Apollo Global Management

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%

Apollo Global Management Trading Down 0.4%

APO traded down $0.49 during trading on Friday, reaching $116.78. The company had a trading volume of 3,319,427 shares, compared to its average volume of 3,667,484. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. The business has a 50 day simple moving average of $120.79 and a 200-day simple moving average of $122.95. The stock has a market cap of $68.96 billion, a P/E ratio of -63.81, a PEG ratio of 1.10 and a beta of 1.51. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $153.29.

Apollo Global Management (NYSE:APO - Get Free Report) last announced 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 firm had revenue of $5.57 billion during the quarter, compared to analysts' expectations of $5.65 billion. Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. During the same period in the prior year, the company posted $1.92 EPS. On average, equities analysts anticipate that Apollo Global Management Inc. will post 7.96 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Shareholders of record on Wednesday, November 18th will be given a $0.5625 dividend. This represents a $2.25 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 18th. Apollo Global Management's dividend payout ratio is -122.95%.

Insider Buying and Selling at Apollo Global Management

In other news, insider Whitney Chatterjee sold 7,339 shares of Apollo Global Management stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $117.83, for a total transaction of $864,754.37. Following the completion of the sale, the insider directly owned 129,151 shares in the company, valued at approximately $15,217,862.33. This trade represents a 5.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the chief financial officer directly owned 396,533 shares of the company's stock, valued at approximately $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 8.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Bank of America decreased their price target on shares of Apollo Global Management from $163.00 to $161.00 in a research note on Monday, October 5th. Wall Street Zen cut shares of Apollo Global Management from a "hold" rating to a "strong sell" rating in a research note on Saturday. TD Cowen dropped their price objective on shares of Apollo Global Management from $154.00 to $136.00 and set a "buy" rating for the company in a research note on Wednesday. BMO Capital Markets reduced their target price on shares of Apollo Global Management from $134.00 to $124.00 and set a "market perform" rating on the stock in a report on Tuesday, October 27th. Finally, Piper Sandler restated an "overweight" rating and set a $145.00 target price on shares of Apollo Global Management in a research report on Wednesday. Thirteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $145.68.

Apollo Global Management Profile

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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