Bokf Na Sells 10,191 Shares of Apollo Global Management Inc. $APO

Key Points

• Bokf Na cut its stake in Apollo Global Management by 50.7% in the fourth quarter, selling 10,191 shares and leaving it with 9,902 shares valued at about $1.43 million.
• Apollo reported better-than-expected earnings for the quarter, with EPS of $1.94 versus estimates of $1.89, though revenue came in below forecasts and was down 8.8% from a year ago.
• The company raised its quarterly dividend to $0.5625 per share, and analysts currently have a consensus rating of Moderate Buy with a price target of $150.75.

Bokf Na lessened its position in Apollo Global Management Inc. (NYSE:APO - Free Report) by 50.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 9,902 shares of the financial services provider's stock after selling 10,191 shares during the period. Bokf Na's holdings in Apollo Global Management were worth $1,433,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Apollo Global Management by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 47,419,652 shares of the financial services provider's stock worth $6,319,617,000 after acquiring an additional 1,377,545 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Apollo Global Management by 31.1% in the third quarter. Bessemer Group Inc. now owns 1,617,228 shares of the financial services provider's stock valued at $215,530,000 after purchasing an additional 383,198 shares during the last quarter. Bahl & Gaynor Inc. lifted its position in shares of Apollo Global Management by 62.0% during the third quarter. Bahl & Gaynor Inc. now owns 996,727 shares of the financial services provider's stock valued at $132,834,000 after purchasing an additional 381,479 shares in the last quarter. Northern Trust Corp boosted its holdings in Apollo Global Management by 7.3% during the third quarter. Northern Trust Corp now owns 4,385,787 shares of the financial services provider's stock worth $584,494,000 after purchasing an additional 299,698 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in Apollo Global Management in the 4th quarter worth about $40,454,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Price Performance

Shares of APO stock opened at $133.15 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.31 and a current ratio of 1.73. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $157.28. The firm has a market cap of $76.99 billion, a P/E ratio of 84.81, a P/E/G ratio of 1.16 and a beta of 1.52. The business's 50 day moving average price is $113.74 and its 200-day moving average price is $127.41.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, topping the consensus estimate of $1.89 by $0.05. The firm had revenue of $5.06 billion during the quarter, compared to analysts' expectations of $5.19 billion. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The company's quarterly revenue was down 8.8% compared to the same quarter last year. During the same period last year, the company posted $1.82 EPS. On average, equities research analysts anticipate that Apollo Global Management Inc. will post 8.36 earnings per share for the current year.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be paid a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, May 19th. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.51. Apollo Global Management's dividend payout ratio (DPR) is presently 36.96%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. BMO Capital Markets lowered their target price on Apollo Global Management from $135.00 to $116.00 and set a "market perform" rating on the stock in a research note on Tuesday, March 24th. Piper Sandler dropped their target price on shares of Apollo Global Management from $165.00 to $146.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 7th. Royal Bank Of Canada raised their price target on shares of Apollo Global Management from $139.00 to $146.00 and gave the stock a "sector perform" rating in a research note on Thursday. Wall Street Zen lowered Apollo Global Management from a "hold" rating to a "sell" rating in a report on Saturday. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Apollo Global Management in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $150.75.

Apollo Global Management News Roundup

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

• Positive Sentiment: Apollo reported first-quarter results that beat earnings expectations, with stronger fee-related earnings and assets under management surpassing $1 trillion, highlighting momentum in its core business and supporting the stock. Apollo Global Q1 earnings top earnings on strong fee-related earnings; AUM exceeds 1T
• Positive Sentiment: The company also raised its quarterly dividend by 10.3%, which signals confidence in cash generation and can be viewed favorably by income-oriented investors. Apollo Funds Complete Acquisition of Prosol Group
• Positive Sentiment: Reports that Apollo is part of a potential $35 billion financing package for Broadcom suggest growing demand for its private credit capabilities and could expand fee income if the deal closes. Apollo, Blackstone Weigh 35 Billion Financing for Broadcom
• Neutral Sentiment: Apollo also completed its acquisition of a majority stake in Prosol Group, which adds to its private equity portfolio but is not likely to be a near-term stock catalyst on its own. Apollo Funds Complete Acquisition of Prosol Group
• Neutral Sentiment: Management is also pushing for more transparency in private credit valuations, a move that may help fundraising over time but does not directly change near-term earnings. Apollo Seeks an Edge With Credit Fund Transparency Push

Apollo Global Management 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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