NewEdge Wealth LLC Buys 7,748 Shares of Apollo Global Management Inc. $APO

Key Points

• NewEdge Wealth LLC increased its Apollo Global Management stake by 11.2% in the fourth quarter, buying 7,748 additional shares and bringing its total holding to 77,114 shares worth about $11.16 million.
• Institutional ownership remains very high at 77.06% of Apollo’s stock, and several other hedge funds also raised their positions during the period.
• Analysts remain broadly positive on Apollo Global Management, with the stock carrying a “Moderate Buy” consensus and an average price target of $150.75 after recent buy ratings and target increases.

NewEdge Wealth LLC raised its stake in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 11.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,114 shares of the financial services provider's stock after purchasing an additional 7,748 shares during the period. NewEdge Wealth LLC's holdings in Apollo Global Management were worth $11,163,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Chesapeake Asset Management LLC boosted its holdings in shares of Apollo Global Management by 3.6% during the 4th quarter. Chesapeake Asset Management LLC now owns 2,065 shares of the financial services provider's stock valued at $299,000 after purchasing an additional 72 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in shares of Apollo Global Management by 1.4% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 5,553 shares of the financial services provider's stock valued at $740,000 after purchasing an additional 78 shares during the last quarter. Mitchell & Pahl Private Wealth LLC boosted its holdings in shares of Apollo Global Management by 0.8% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 9,553 shares of the financial services provider's stock valued at $1,383,000 after purchasing an additional 80 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of Apollo Global Management by 16.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 82 shares during the last quarter. Finally, United Advisor Group LLC boosted its holdings in shares of Apollo Global Management by 4.7% during the 4th quarter. United Advisor Group LLC now owns 1,948 shares of the financial services provider's stock valued at $282,000 after purchasing an additional 87 shares during the last quarter. Institutional investors own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. TD Cowen reaffirmed a "buy" rating on shares of Apollo Global Management in a report on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Apollo Global Management in a report on Thursday. UBS Group increased their price target on shares of Apollo Global Management from $138.00 to $158.00 and gave the company a "buy" rating in a report on Friday. BMO Capital Markets lowered their price target on shares of Apollo Global Management from $135.00 to $116.00 and set a "market perform" rating for the company in a report on Tuesday, March 24th. Finally, Evercore reaffirmed an "outperform" rating on shares of Apollo Global Management in a report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price 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 Stock Performance

Apollo Global Management stock opened at $133.15 on Monday. The company has a 50 day moving average price of $113.74 and a 200-day moving average price of $127.41. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 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 company has a market capitalization of $76.99 billion, a PE ratio of 84.81, a P/E/G ratio of 1.11 and a beta of 1.52.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same quarter in the previous year, the firm posted $1.82 earnings per share. Apollo Global Management's revenue for the quarter was down 8.8% compared to the same quarter last year. As a group, equities analysts forecast that Apollo Global Management Inc. will post 8.36 earnings per share for the current year.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th will be paid a dividend of $0.5625 per share. The ex-dividend date is Tuesday, May 19th. This is an increase from Apollo Global Management's previous quarterly dividend of $0.51. This represents a $2.25 annualized dividend and a dividend yield of 1.7%. Apollo Global Management's payout ratio is presently 129.94%.

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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