Jennison Associates LLC Sells 54,193 Shares of Apollo Global Management Inc. $APO

Key Points

• Jennison Associates sold 54,193 shares of Apollo, cutting its stake by 41.4% to 76,829 shares worth about $11.12 million at the end of the quarter.
• Analysts maintain a consensus of "Moderate Buy" with an average target of $149.42, though some firms lowered targets (Piper Sandler to $146, Goldman to $134) while several reiterated buy/outperform ratings.
• Apollo posted an earnings beat ($2.47 EPS vs. $2.04 expected) and has positive strategic developments (e.g., a $225M Apollo Sports investment and potential Tenneco IPO), but faces heightened legal risk from multiple securities class actions and allegations about downplaying ties to Jeffrey Epstein.

Jennison Associates LLC reduced its stake in Apollo Global Management Inc. (NYSE:APO - Free Report) by 41.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,829 shares of the financial services provider's stock after selling 54,193 shares during the period. Jennison Associates LLC's holdings in Apollo Global Management were worth $11,122,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Atlantic Union Bankshares Corp raised its stake in Apollo Global Management by 99.0% in the third quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider's stock worth $27,000 after buying an additional 99 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Apollo Global Management in the fourth quarter worth about $29,000. SJS Investment Consulting Inc. raised its stake in Apollo Global Management by 1,123.5% in the third quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider's stock worth $28,000 after buying an additional 191 shares in the last quarter. Physician Wealth Advisors Inc. raised its stake in Apollo Global Management by 57.8% in the fourth quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider's stock worth $38,000 after buying an additional 96 shares in the last quarter. Finally, City Holding Co. raised its stake in Apollo Global Management by 391.9% in the fourth quarter. City Holding Co. now owns 305 shares of the financial services provider's stock worth $44,000 after buying an additional 243 shares in the last quarter. 77.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on APO shares. Wolfe Research reissued an "outperform" rating on shares of Apollo Global Management in a research note on Wednesday, January 7th. Evercore reaffirmed an "outperform" rating on shares of Apollo Global Management in a research note on Tuesday, April 21st. Piper Sandler decreased their target price on shares of Apollo Global Management from $165.00 to $146.00 and set an "overweight" rating for the company in a research note on Tuesday, April 7th. TD Cowen reaffirmed a "buy" rating on shares of Apollo Global Management in a research note on Thursday, February 12th. Finally, The Goldman Sachs Group decreased their target price on shares of Apollo Global Management from $169.00 to $134.00 and set a "buy" rating for the company in a research note on Tuesday, April 7th. One investment 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's stock. According to MarketBeat, Apollo Global Management presently has an average rating of "Moderate Buy" and an average target price of $149.42.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $130.55 on Friday. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $157.28. The company has a 50 day simple moving average of $112.94 and a two-hundred day simple moving average of $127.29. The company has a market capitalization of $75.49 billion, a price-to-earnings ratio of 23.65, a P/E/G ratio of 1.17 and a beta of 1.52. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.31 and a current ratio of 1.31.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share for the quarter, beating analysts' consensus estimates of $2.04 by $0.43. The business had revenue of $9.86 billion during the quarter, compared to the consensus estimate of $1.19 billion. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. The business's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $2.39 earnings per share. Analysts expect that Apollo Global Management Inc. will post 8.44 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 19th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $2.04 annualized dividend and a dividend yield of 1.6%. Apollo Global Management's dividend payout ratio (DPR) is 36.96%.

Apollo Global Management News Summary

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

• Positive Sentiment: Apollo Sports Capital partnered with Dundon Capital to back Pickleball Inc. with a $225 million investment — a sign of new growth/strategic deal activity from an Apollo business unit. Apollo Sports Capital and Tom Dundon make landmark $225 million investment in pickleball
• Positive Sentiment: Reports say Apollo‑owned auto supplier Tenneco is preparing for an IPO — potential asset monetization that could lift NAV and improve investor sentiment if executed. Apollo‑Owned Auto Supplier Tenneco Is Said to Prepare for IPO
• Positive Sentiment: Buy‑side analysis (Seeking Alpha) argues APO is materially undervalued given its private‑credit franchise and projects substantial upside to the share price — a thesis that can support longer‑term buying. Apollo's Private Credit Infrastructure Is Heavily Discounted
• Neutral Sentiment: Analysts and outlets are publishing Q1 previews and metric‑level expectations ahead of earnings — these previews set the market’s near‑term performance bar but contain no firm surprises yet. Apollo Global Management (APO) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
• Neutral Sentiment: A Regulation FD disclosure update was filed (Form 8‑K) — an informational filing that investors should review for any material news or management commentary ahead of earnings. Apollo Global Management Issues Regulation FD Disclosure Update
• Negative Sentiment: A securities class action has been filed against Apollo covering May 10, 2021–Feb 21, 2026, alleging violations of federal securities laws — new litigation increases potential liability, legal costs, and reputational risk. Bronstein, Gewirtz & Grossman LLC Urges Apollo Global Management, Inc. Investors to Act: Class Action Filed Alleging Investor Harm
• Negative Sentiment: A Bloomberg Law report says an investor sued alleging Apollo downplayed ties to Jeffrey Epstein — this specific allegation could materially affect sentiment and prompt further regulatory or legal scrutiny. Apollo Investor Sues Over Alleged Downplaying of Epstein Ties
• Negative Sentiment: Multiple law firms (Faruqi, Pomerantz, Rosen, Gross, Schall, SueWallSt and others) are soliciting lead‑plaintiff roles and reminding investors of filing deadlines — a coordinated wave of notices signals heightened litigation attention and may prolong headline risk. APO CLASS ACTION DEADLINE TONIGHT: Faruqi & Faruqi, LLP Reminds Apollo Global Management (APO) Investors of Securities Class Action Deadline on May 1, 2026

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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