Verdence Capital Advisors LLC Acquires 14,524 Shares of Apollo Global Management Inc. $APO

Key Points

• Verdence Capital Advisors increased its Apollo Global Management stake by 28.4%, purchasing 14,524 shares to own 65,601 shares valued at approximately $7.6 million. Institutional investors and hedge funds collectively own 77.06% of Apollo’s stock.
• Apollo reported quarterly earnings of $2.11 per share, below the $2.16 analyst consensus, while revenue of $5.57 billion also missed estimates. The company declared a quarterly dividend of $0.5625, equivalent to a 2.0% annual yield.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $151.90, well above the stock’s reported $114.44 price. Apollo is also pursuing major opportunities involving Mubadala Capital, SpaceX AI infrastructure financing and Rio Tinto assets.

Verdence Capital Advisors LLC boosted its holdings in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 28.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,601 shares of the financial services provider's stock after purchasing an additional 14,524 shares during the period. Verdence Capital Advisors LLC's holdings in Apollo Global Management were worth $7,614,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of APO. GM Advisory Group LLC boosted its stake in Apollo Global Management by 0.9% in the first quarter. GM Advisory Group LLC now owns 12,015 shares of the financial services provider's stock worth $1,339,000 after purchasing an additional 108 shares in the last quarter. Pinnacle Bancorp Inc. increased its stake in shares of Apollo Global Management by 14.5% in the first quarter. Pinnacle Bancorp Inc. now owns 924 shares of the financial services provider's stock valued at $103,000 after buying an additional 117 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Apollo Global Management by 3.9% in the first quarter. International Assets Investment Management LLC now owns 3,167 shares of the financial services provider's stock valued at $349,000 after buying an additional 119 shares in the last quarter. Chickasaw Capital Management LLC increased its stake in shares of Apollo Global Management by 4.7% in the third quarter. Chickasaw Capital Management LLC now owns 2,663 shares of the financial services provider's stock valued at $309,000 after buying an additional 120 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its stake in shares of Apollo Global Management by 2.4% in the second quarter. 180 Wealth Advisors LLC now owns 5,571 shares of the financial services provider's stock valued at $659,000 after buying an additional 131 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Stock Up 1.4%

NYSE:APO opened at $114.44 on Tuesday. Apollo Global Management Inc. has a 12-month low of $99.56 and a 12-month high of $153.29. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $67.58 billion, a P/E ratio of 41.92, a P/E/G ratio of 1.04 and a beta of 1.58. The stock's fifty day simple moving average is $123.71 and its 200-day simple moving average is $124.16.

Apollo Global Management (NYSE:APO - Get Free Report) last released its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.16 by ($0.05). The company had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.65 billion. Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. During the same period in the previous year, the company posted $1.92 EPS. Equities research analysts expect that Apollo Global Management Inc. will post 7.96 earnings per share for the current year.

Apollo Global Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 19th were given a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Wednesday, August 19th. Apollo Global Management's dividend payout ratio (DPR) is currently 82.42%.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 3,000 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $140.84, for a total value of $422,520.00. Following the sale, the chief financial officer directly owned 396,533 shares in the company, valued at $55,847,707.72. This trade represents a 0.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 8.30% of the stock is owned by corporate insiders.

Key Headlines Impacting Apollo Global Management

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

• Positive Sentiment: Strategic Mubadala Capital investment: Apollo is set to acquire nearly a 10% stake in Abu Dhabi-backed Mubadala Capital and commit approximately $5 billion. The deal deepens Apollo’s relationship with sovereign investor Mubadala and could provide greater access to Middle Eastern capital, co-investments and global alternative-asset opportunities. Apollo to buy nearly 10% stake in Mubadala Capital
• Positive Sentiment: SpaceX AI-infrastructure financing: Reports indicate Apollo is involved in a roughly $40 billion SpaceX deal to finance or lease graphics-processing units used for AI infrastructure. The transaction highlights demand for Apollo’s private-credit capabilities and could support fee and investment growth if completed on the reported scale. Apollo deepens Abu Dhabi ties with strategic investment in Mubadala Capital
• Neutral Sentiment: Potential Rio Tinto infrastructure bid: Apollo and GIC reportedly joined the bidder pool for Rio Tinto’s approximately $7 billion infrastructure assets. A successful bid could create an additional large investment opportunity, although the report does not indicate that Apollo has won the auction. Apollo and GIC join Rio Tinto infrastructure auction
• Negative Sentiment: Cautious AI outlook: Apollo chief economist Torsten Slok said AI spending has produced little or no measurable financial payoff for most large companies outside the “Magnificent Seven.” While the comments do not directly reduce Apollo’s earnings, they could temper enthusiasm around AI-related investments and raise questions about whether the broader AI boom will generate expected productivity and economic returns. AI spending has not improved profits for most major companies

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on APO shares. BMO Capital Markets lifted their price target on Apollo Global Management from $126.00 to $134.00 and gave the company a "market perform" rating in a report on Monday, August 10th. Evercore increased their price objective on shares of Apollo Global Management from $145.00 to $146.00 in a report on Thursday, October 8th. UBS Group decreased their price objective on shares of Apollo Global Management from $172.00 to $163.00 and set a "buy" rating on the stock in a report on Tuesday, October 13th. Rothschild & Co Redburn raised their price objective on shares of Apollo Global Management from $171.00 to $173.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Finally, Keefe, Bruyette & Woods upgraded shares of Apollo Global Management to a "hold" rating in a research report on Monday, July 20th. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Apollo Global Management presently has an average rating of "Moderate Buy" and an average target price of $151.90.

Apollo Global Management Profile

Apollo Global Management, Inc NYSE: APO is a global alternative asset manager that provides investment solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.

Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.

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