Principal Financial Group Inc. Grows Position in Apollo Global Management Inc. $APO

Key Points

• Principal Financial Group increased its stake in Apollo Global Management by 3.7% in the fourth quarter, owning 513,593 shares valued at about $74.3 million at quarter-end.
• Apollo reported Q1 earnings of $1.94 per share, topping estimates, even as revenue came in below expectations at $5.06 billion and fell 8.8% from a year earlier.
• The company raised its quarterly dividend to $0.5625 per share from $0.51, implying an annualized payout of $2.25 and a yield of about 1.8%.

Principal Financial Group Inc. grew its holdings in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 3.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 513,593 shares of the financial services provider's stock after purchasing an additional 18,350 shares during the quarter. Principal Financial Group Inc. owned about 0.09% of Apollo Global Management worth $74,348,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of APO. Atlantic Union Bankshares Corp boosted its holdings in Apollo Global Management by 99.0% in the 3rd 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 during the period. Kohmann Bosshard Financial Services LLC bought a new stake in Apollo Global Management during the fourth quarter valued at $29,000. Physician Wealth Advisors Inc. grew its position in Apollo Global Management by 57.8% during 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. City Holding Co. increased its stake in Apollo Global Management by 391.9% in the 4th quarter. City Holding Co. now owns 305 shares of the financial services provider's stock worth $44,000 after acquiring an additional 243 shares during the last quarter. Finally, CX Institutional bought a new position in Apollo Global Management in the 3rd quarter worth about $48,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock opened at $127.72 on Friday. The firm has a market capitalization of $73.85 billion, a PE ratio of 81.35, a price-to-earnings-growth ratio of 1.16 and a beta of 1.52. The company has a current ratio of 1.73, a quick ratio of 1.31 and a debt-to-equity ratio of 0.37. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $157.28. The business's 50-day moving average price is $113.74 and its 200-day moving average price is $127.41.

Apollo Global Management (NYSE:APO - Get Free Report) last released its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, topping analysts' consensus estimates of $1.89 by $0.05. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.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 company posted $1.82 EPS. Apollo Global Management's quarterly revenue was down 8.8% compared to the same quarter last year. Sell-side analysts forecast that Apollo Global Management Inc. will post 8.44 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The firm 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 $0.5625 dividend. This is a positive change from Apollo Global Management's previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.8%. Apollo Global Management's dividend payout ratio is currently 36.96%.

Analyst Upgrades and Downgrades

APO has been the subject of a number of research analyst reports. Wall Street Zen upgraded Apollo Global Management from a "sell" rating to a "hold" rating in a research report on Sunday, April 26th. The Goldman Sachs Group lowered their target price on shares of Apollo Global Management from $169.00 to $134.00 and set a "buy" rating on the stock in a research note on Tuesday, April 7th. Piper Sandler dropped 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 report on Tuesday, April 7th. BMO Capital Markets cut 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 research note on Tuesday, March 24th. Finally, TD Cowen reissued a "buy" rating on shares of Apollo Global Management in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $150.25.

Trending Headlines about Apollo Global Management

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

• Positive Sentiment: Apollo reported assets under management surpassing $1 trillion and record fee-related earnings, signaling strong fundraising and recurring fee income that support future revenue visibility. Apollo Global Q1 earnings top earnings on strong fee-related earnings; AUM exceeds $1T
• Positive Sentiment: Company disclosed a 10.3% increase in the quarterly dividend (annualized yield ~1.7%), which supports shareholder returns and may attract income-focused investors. MarketBeat dividend notice
• Positive Sentiment: Apollo-managed funds completed the acquisition of Prosol Group, adding scale in European food retail / fresh food — a concrete deployment of capital and portfolio growth. Apollo Funds Complete Acquisition of Prosol Group
• Neutral Sentiment: Apollo is pushing greater transparency in private credit (daily valuations planned by September) — likely positive for fundraising long term but costly and operationally complex to implement. Apollo to Give Investors Daily Pricing on Private Credit By September
• Neutral Sentiment: Management is publicly defending private credit amid media scrutiny and actively fundraising; this reassures some investors but keeps focus on credit risk and reputation. Apollo Global Is Raising Tons, and Defends Private Credit
• Negative Sentiment: Despite fee strength, Q1 results showed weakness: revenue missed some expectations, expenses rose, and the company reported a swing to a loss driven by higher tax provision and investment-related losses — a headline that likely pressured the stock. Apollo Global Management Swings to Loss
• Negative Sentiment: Analyst takes were mixed: some outlets flagged an EPS/revenue miss vs certain estimates and highlighted rising expenses that offset record fee earnings, creating uncertainty about near-term profitability. Apollo Global Q1 Earnings Miss Estimates, AUM Surpasses 1T

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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