Blue Whale Capital LLP Makes New Investment in Apollo Global Management Inc. $APO

Key Points

• Blue Whale Capital LLP purchased 191,268 Apollo Global Management shares worth approximately $22.6 million, making APO its 24th-largest holding and about 0.7% of its portfolio. Institutional investors and hedge funds collectively own 77.06% of the company.
• Analysts maintain a generally positive outlook, with one Strong Buy, 12 Buy and four Hold ratings. Apollo has a consensus rating of “Moderate Buy” and an average price target of $152.77.
• Apollo reported quarterly EPS of $2.11, slightly below the $2.16 consensus estimate, while revenue of $5.57 billion also missed expectations. The company declared a quarterly dividend of $0.5625, equivalent to an annualized $2.25 and a 1.7% yield.

Blue Whale Capital LLP purchased a new position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 191,268 shares of the financial services provider's stock, valued at approximately $22,629,000. Apollo Global Management accounts for approximately 0.7% of Blue Whale Capital LLP's investment portfolio, making the stock its 24th biggest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in APO. Schnieders Capital Management LLC. acquired a new position in Apollo Global Management during the second quarter worth about $7,954,000. Baird Financial Group Inc. grew its holdings in shares of Apollo Global Management by 117.5% in the 2nd quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider's stock worth $2,287,000 after acquiring an additional 8,709 shares during the period. Gamco Investors INC. ET AL increased its stake in Apollo Global Management by 4.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider's stock valued at $949,000 after purchasing an additional 305 shares in the last quarter. Nebula Research & Development LLC acquired a new position in Apollo Global Management during the second quarter worth $722,000. Finally, Northern Right Capital Management L.P. boosted its position in Apollo Global Management by 1.5% during the second quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider's stock worth $24,542,000 after purchasing an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on APO. Weiss Ratings upgraded Apollo Global Management from a "hold (c-)" rating to a "hold (c)" rating in a research report on Friday. Keefe, Bruyette & Woods upgraded shares of Apollo Global Management to a "hold" rating in a report on Monday, July 20th. BMO Capital Markets reduced their price target on shares of 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. Piper Sandler lowered their price target on shares of Apollo Global Management from $157.00 to $156.00 and set an "overweight" rating on the stock in a research report on Monday, July 13th. Finally, Barclays lifted their price objective on Apollo Global Management from $132.00 to $157.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $152.77.

Insider Buying and Selling at Apollo Global Management

In related news, insider John P. Zito sold 48,644 shares of the company's stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total value of $6,355,825.04. Following the completion of the transaction, the insider directly owned 3,063,696 shares in the company, valued at approximately $400,302,519.36. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 3,000 shares of the stock in a transaction dated Friday, August 14th. The stock was 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 $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.

Apollo Global Management Stock Performance

NYSE:APO opened at $132.63 on Monday. 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 firm has a market cap of $78.32 billion, a PE ratio of 48.58, a P/E/G ratio of 1.20 and a beta of 1.51. The firm has a 50 day simple moving average of $126.64 and a 200-day simple moving average of $122.68. 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 released its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 EPS 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 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 earnings per share. On average, equities analysts expect that Apollo Global Management Inc. will post 8.08 EPS for the current year.

Apollo Global Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be given a $0.5625 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. Apollo Global Management's payout ratio is currently 82.42%.

Apollo Global Management Company Profile

Apollo Global Management, Inc NYSE: APO is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.

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