Assetmark Inc. Sells 74,561 Shares of Apollo Global Management Inc. $APO

Assetmark Inc. lowered its position in Apollo Global Management Inc. (NYSE:APO) by 87.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,262 shares of the financial services provider’s stock after selling 74,561 shares during the quarter. Assetmark Inc.’s holdings in Apollo Global Management were worth $1,368,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its holdings in Apollo Global Management by 1.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,050,164 shares of the financial services provider’s stock valued at $432,727,000 after buying an additional 36,866 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Apollo Global Management by 2.0% in the third quarter. Bank of New York Mellon Corp now owns 2,451,537 shares of the financial services provider’s stock valued at $326,716,000 after acquiring an additional 48,053 shares during the period. Bessemer Group Inc. grew its stake in 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 valued at $215,530,000 after acquiring an additional 383,198 shares in the last quarter. Amundi increased its holdings in shares of Apollo Global Management by 68.9% in the second quarter. Amundi now owns 1,311,102 shares of the financial services provider’s stock worth $187,199,000 after purchasing an additional 534,904 shares during the period. Finally, Heard Capital LLC increased its stake in Apollo Global Management by 14.1% in the 2nd quarter. Heard Capital LLC now owns 1,274,970 shares of the financial services provider’s stock worth $180,880,000 after acquiring an additional 157,750 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Trending Headlines about Apollo Global Management

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

• Positive Sentiment: Apollo sent a client-and-partner letter saying the recently circulated documents contain “nothing new” and reaffirming there are no new executive relationships with Jeffrey Epstein; the letter is intended to reassure clients and limit outflows. Apollo Sent the Following Letter to Clients and Partners
• Positive Sentiment: Apollo publicly stated CEO Marc Rowan had no personal or business relationship with Jeffrey Epstein — a direct management-level rebuttal that aims to contain governance risk and reassure institutional clients. Apollo says CEO Rowan had no business or personal relationship with Epstein
• Neutral Sentiment: Wall Street sentiment and price targets remain generally positive (median targets above current levels), which could limit longer-term downside if governance concerns fade. Apollo Global Management slides as renewed Epstein-related scrutiny raises governance risk concerns
• Neutral Sentiment: Institutional ownership moves are mixed — some large funds reduced positions while others added — so client reactions could be uneven and will be important to watch in filings. Institutional holdings and moves
• Negative Sentiment: Two major U.S. teachers’ unions asked the SEC to probe whether Apollo misled investors about the scope of executives’ historical contacts with Jeffrey Epstein — renewed regulatory scrutiny raises disclosure, legal and client-retention risk and is the main driver of today’s sell-off. Union request for SEC inquiry
• Negative Sentiment: High-profile insider selling over the past six months (including large dispositions by a co-founder and other executives) is being flagged by some investors as a governance/red flag amid the current headlines. Insider trading details

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $131.41, for a total transaction of $788,460.00. Following the completion of the transaction, the chief financial officer owned 325,604 shares of the company’s stock, valued at $42,787,621.64. This represents a 1.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 8.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Morgan Stanley boosted their price objective on Apollo Global Management from $180.00 to $181.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. BMO Capital Markets set a $136.00 price target on shares of Apollo Global Management and gave the stock a “market perform” rating in a research note on Tuesday, November 25th. Wolfe Research restated an “outperform” rating on shares of Apollo Global Management in a research report on Wednesday, January 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a report on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $164.79.

Apollo Global Management Stock Performance

NYSE:APO opened at $118.38 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.49 and a current ratio of 1.31. Apollo Global Management Inc. has a fifty-two week low of $102.58 and a fifty-two week high of $160.20. The firm has a market cap of $68.71 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 1.08 and a beta of 1.57. The business has a 50 day moving average price of $139.26 and a 200-day moving average price of $135.34.

Apollo Global Management (NYSE:APO) last posted 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. The company had revenue of $9.86 billion during the quarter, compared to analyst estimates of $1.19 billion. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. The firm’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.39 EPS. Equities research analysts predict that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Thursday, February 19th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $2.04 annualized dividend and a dividend yield of 1.7%. Apollo Global Management’s dividend payout ratio (DPR) is presently 36.96%.

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.