Mirabella Financial Services LLP Purchases Shares of 18,169 Apollo Global Management Inc. $APO

Key Points

• Mirabella Financial Services LLP opened a new position in Apollo by purchasing 18,169 shares (≈$2.42M) in Q3, adding to broad institutional ownership (about 77% of shares outstanding) and joins several firms that materially increased stakes.
• Apollo beat quarterly EPS ($2.47 vs. $2.04 expected) and pays a $0.51 quarterly dividend (annualized $2.04, ~2.0% yield; payout ratio ~37%), while analysts project about 8 EPS for the fiscal year.
• Recent developments raise downside risk: multiple securities class action filings related to investigative reports, a senior executive’s warnings about portfolio valuations, and unusually heavy put buying in the options market.

Mirabella Financial Services LLP purchased a new position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,169 shares of the financial services provider's stock, valued at approximately $2,417,000.

Other institutional investors also recently modified their holdings of the company. Plato Investment Management Ltd boosted its stake in shares of Apollo Global Management by 100.3% in the 3rd quarter. Plato Investment Management Ltd now owns 10,888 shares of the financial services provider's stock valued at $1,440,000 after purchasing an additional 5,452 shares during the last quarter. NEOS Investment Management LLC grew its holdings in Apollo Global Management by 48.7% in the third quarter. NEOS Investment Management LLC now owns 52,506 shares of the financial services provider's stock worth $6,997,000 after purchasing an additional 17,204 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Apollo Global Management by 11.0% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 900,554 shares of the financial services provider's stock valued at $120,017,000 after purchasing an additional 89,439 shares in the last quarter. Diversified Trust Co raised its holdings in shares of Apollo Global Management by 2,649.9% during the third quarter. Diversified Trust Co now owns 42,238 shares of the financial services provider's stock valued at $5,629,000 after purchasing an additional 40,702 shares during the period. Finally, Hsbc Holdings PLC boosted its position in shares of Apollo Global Management by 39.2% during the 2nd quarter. Hsbc Holdings PLC now owns 842,391 shares of the financial services provider's stock worth $119,482,000 after purchasing an additional 237,180 shares in the last quarter. Institutional investors own 77.06% of the company's stock.

Apollo Global Management Stock Performance

Shares of APO stock opened at $103.53 on Tuesday. The firm has a 50-day moving average of $126.36 and a 200-day moving average of $131.69. The company has a market cap of $59.87 billion, a P/E ratio of 18.76, a P/E/G ratio of 0.84 and a beta of 1.60. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.31 and a quick ratio of 1.31. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $157.28.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.43. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. During the same quarter in the previous year, the firm earned $2.39 EPS. The company's quarterly revenue was up .8% compared to the same quarter last year. Equities research analysts forecast that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders 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 2.0%. Apollo Global Management's dividend payout ratio (DPR) is currently 36.96%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. BMO Capital Markets set a $136.00 price objective on shares of Apollo Global Management and gave the company a "market perform" rating in a report on Tuesday, November 25th. UBS Group lowered their target price on shares of Apollo Global Management from $182.00 to $152.00 and set a "buy" rating on the stock in a report on Friday, February 20th. Barclays dropped their price target on shares of Apollo Global Management from $158.00 to $131.00 and set an "overweight" rating on the stock in a research report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Apollo Global Management in a research note on Tuesday, February 10th. Finally, Morgan Stanley increased their price objective on Apollo Global Management from $180.00 to $181.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $159.47.

Trending Headlines about Apollo Global Management

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

• Neutral Sentiment: Macro/market note — Apollo’s Torsten Slok warned the S&P 500 concentration could rise as the largest names take more weight, a broad-market observation that is neutral for APO specifically but frames investor risk in crowded markets. Article Title
• Negative Sentiment: Multiple securities class action notices and plaintiff-solicitation filings were issued today (Hagens Berman, Rosen, Faruqi & Faruqi, Schall, Levi & Korsinsky et al.), citing investigative reports about alleged undisclosed ties and claiming prior "no business" assurances were false — litigation risk and potential damages/settlement exposure are weighing on the stock. APO ALERT: Hagens Berman Investor Alert (GlobeNewswire)
• Negative Sentiment: Senior Apollo executive John Zito publicly said private-equity software valuations are “all wrong,” warning that lenders to smaller software companies might recover only 20–40 cents on the dollar — this raises concerns about write-down risk, mark-to-market pressure on portfolio valuations and potential earnings/fee impact. John Zito on software valuations
• Negative Sentiment: Options market activity is bearish — unusually large put buying occurred today (about 15,843 puts, ~40% above typical volume), indicating traders are positioning for further downside or hedging concentrated exposure. (Market data reported today.)

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.