National Pension Service Purchases 101,697 Shares of Apollo Global Management Inc. $APO

Key Points

• National Pension Service increased its Apollo Global Management stake by 13.3% in the fourth quarter, buying an additional 101,697 shares and bringing its total holdings to 869,139 shares worth about $125.8 million.
• Several other institutional investors also added to APO, and the stock remains heavily owned by institutions at 77.06%. Vanguard and other large funds reported notable position increases in recent filings.
• Analysts remain broadly positive on Apollo, with a consensus rating of Moderate Buy and an average target price of $151.23. The company also recently raised its quarterly dividend to $0.5625 per share, up from $0.51.

National Pension Service raised its stake in Apollo Global Management Inc. (NYSE:APO - Free Report) by 13.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 869,139 shares of the financial services provider's stock after purchasing an additional 101,697 shares during the period. National Pension Service owned 0.15% of Apollo Global Management worth $125,817,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Apollo Global Management by 3.0% in 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 purchasing an additional 1,377,545 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Apollo Global Management by 31.1% during the third quarter. Bessemer Group Inc. now owns 1,617,228 shares of the financial services provider's stock worth $215,530,000 after acquiring an additional 383,198 shares in the last quarter. Bahl & Gaynor Inc. increased 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 worth $132,834,000 after acquiring an additional 381,479 shares in the last quarter. Northern Trust Corp increased its position in shares of 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 acquiring an additional 299,698 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in shares of Apollo Global Management during the fourth quarter worth about $40,454,000. 77.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on APO. Royal Bank Of Canada boosted their target price on shares of Apollo Global Management from $139.00 to $146.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 7th. UBS Group boosted their target price on shares of Apollo Global Management from $138.00 to $158.00 and gave the stock a "buy" rating in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Apollo Global Management in a research report on Thursday, May 7th. Argus raised shares of Apollo Global Management to a "strong-buy" rating in a research report on Thursday, February 19th. Finally, Morgan Stanley cut their price target on shares of Apollo Global Management from $181.00 to $165.00 and set an "overweight" rating on the stock in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $151.23.

Insider Activity at Apollo Global Management

In other news, insider John P. Zito sold 48,644 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total value of $6,355,825.04. Following the transaction, the insider owned 3,063,696 shares of the company's stock, valued at $400,302,519.36. This represents a 1.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.30% of the stock is owned by insiders.

Apollo Global Management Stock Performance

Shares of APO stock opened at $128.87 on Friday. The stock has a market capitalization of $74.29 billion, a P/E ratio of 82.08, a PEG ratio of 1.10 and a beta of 1.52. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. The firm's 50 day moving average is $121.14 and its 200 day moving average is $127.93. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $157.28.

Apollo Global Management (NYSE:APO - Get Free Report) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.05. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The business had revenue of $5.06 billion for the quarter, compared to analysts' expectations of $5.19 billion. During the same period in the prior year, the company posted $1.82 EPS. The business's revenue for the quarter was down 8.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Apollo Global Management Inc. will post 8.28 earnings per share for the current year.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were issued a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, May 19th. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.51. Apollo Global Management's payout ratio is currently 143.31%.

More Apollo Global Management News

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

• Positive Sentiment: Apollo is helping arrange a massive $36 billion debt financing package tied to Anthropic’s AI chip purchases, highlighting strong demand for its private-credit capabilities and potential fee-generating opportunities. Apollo Shops $36 Billion Debt to Buy AI Chips for Anthropic (1)
• Positive Sentiment: Apollo also joined a deal backing Apex Service Partners, with reports valuing the home-services platform at about $10 billion, reinforcing the firm’s active deal pipeline and alternative-asset growth story. Apex Service sells minority stake to Apollo at $10 bln valuation, source says
• Positive Sentiment: Apollo’s appearance at Bernstein’s strategic decisions conference may have helped reinforce confidence in management’s fundraising and deployment outlook. Apollo Global Management, Inc. (APO) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
• Neutral Sentiment: Reuters reported that Apollo’s president expects wealthy clients to keep withdrawing from some private credit funds, which suggests ongoing pressure in part of the business but does not appear to change the broader investment thesis on its own. Apollo's president sees continued withdrawals from US private credit funds for the wealthy
• Negative Sentiment: Insider John P. Zito sold 48,644 shares for about $6.36 million, and insider sales can weigh on sentiment even though he still retains a large stake. Apollo Global Management stock insider sale disclosure

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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