M&T Bank Corp Raises Position in Apollo Global Management Inc. $APO

Key Points

• M&T Bank Corp boosted its stake in Apollo by 439.1% in Q4, buying an additional 50,399 shares to hold 61,876 shares worth about $8.96 million.
• Apollo is expanding via deals — reported to be nearing a roughly $1.6 billion buy of Forvia’s auto‑interiors unit and acquiring a 40% interest in Pembina Gas Infrastructure — but faces a potential securities class action alleging undisclosed payments that could be a short‑term overhang.
• Analysts show a consensus "Moderate Buy" (majority buy ratings) with a consensus price target of $149.42; the company recently posted an earnings beat and pays a quarterly dividend of $0.51 (≈1.6% yield).

M&T Bank Corp lifted its stake in Apollo Global Management Inc. (NYSE:APO - Free Report) by 439.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,876 shares of the financial services provider's stock after buying an additional 50,399 shares during the period. M&T Bank Corp's holdings in Apollo Global Management were worth $8,957,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Apollo Global Management by 13.7% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 214,909 shares of the financial services provider's stock worth $31,149,000 after buying an additional 25,948 shares during the period. Foresight Capital Management Advisors Inc. boosted its position in shares of Apollo Global Management by 17.9% in the fourth quarter. Foresight Capital Management Advisors Inc. now owns 2,870 shares of the financial services provider's stock worth $415,000 after buying an additional 435 shares during the period. Salomon & Ludwin LLC boosted its position in shares of Apollo Global Management by 31.2% in the fourth quarter. Salomon & Ludwin LLC now owns 622 shares of the financial services provider's stock worth $93,000 after buying an additional 148 shares during the period. Evergreen Capital Management LLC boosted its position in shares of Apollo Global Management by 14.7% in the fourth quarter. Evergreen Capital Management LLC now owns 3,828 shares of the financial services provider's stock worth $554,000 after buying an additional 490 shares during the period. Finally, Greystone Financial Group LLC boosted its position in shares of Apollo Global Management by 2.5% in the fourth quarter. Greystone Financial Group LLC now owns 5,829 shares of the financial services provider's stock worth $844,000 after buying an additional 140 shares during the period. Hedge funds and other institutional investors own 77.06% of the company's stock.

Key Stories Impacting Apollo Global Management

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

• Positive Sentiment: Apollo is reported to be nearing a roughly $1.6 billion deal to buy the auto‑interiors business of France’s Forvia, a transaction that would expand its industrial/private‑equity platform and could add fee‑earning and realization opportunities. Reuters: Apollo nears $1.6 bln deal for Forvia unit
• Positive Sentiment: Apollo Funds announced an agreement to acquire a 40% interest in Pembina Gas Infrastructure — a strategic infrastructure stake that increases exposure to stable, fee‑style cash flows and supports growth in midstream gas processing. This type of investment typically strengthens recurring management fees and long‑term cash generation. GlobeNewswire: Apollo to acquire 40% interest in Pembina
• Negative Sentiment: Multiple law firms (Rosen, Hagens Berman, Glancy Prongay Wolke & Rotter, Bronstein Gewirtz & Grossman, and others) have circulated notices about a securities class action against Apollo covering purchases from May 10, 2021 to Feb 21, 2026 and are soliciting lead‑plaintiffs ahead of a May 1, 2026 deadline. Some filings reference investigative reports alleging undisclosed payments (reports have cited issues around concealed Epstein‑related payments), raising potential liability, management‑accountability claims, and settlement risk — a meaningful short‑term overhang for the stock. GlobeNewswire/Hagens Berman: Investor alert on Apollo securities class action

Analyst Upgrades and Downgrades

APO has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Apollo Global Management in a report on Tuesday, February 10th. UBS Group reduced their price target on Apollo Global Management from $182.00 to $152.00 and set a "buy" rating for the company in a report on Friday, February 20th. Piper Sandler reduced their price target on Apollo Global Management from $165.00 to $146.00 and set an "overweight" rating for the company in a report on Tuesday, April 7th. Morgan Stanley reduced their price target on Apollo Global Management from $181.00 to $165.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. reduced their price target on Apollo Global Management from $164.00 to $162.00 and set an "overweight" rating for the company in a report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $149.42.

Apollo Global Management Trading Down 0.3%

Shares of APO opened at $124.39 on Friday. The company has a market capitalization of $71.93 billion, a P/E ratio of 22.53, a P/E/G ratio of 1.12 and a beta of 1.56. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $157.28. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a 50-day moving average price of $112.86 and a 200 day moving average price of $127.22.

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

Apollo Global Management Announces Dividend

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

About Apollo Global Management

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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