Apollo Global Management Inc. $APO Shares Purchased by Blair William & Co. IL

Blair William & Co. IL raised its position in Apollo Global Management Inc. (NYSE:APOFree Report) by 264.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,245 shares of the financial services provider’s stock after acquiring an additional 38,649 shares during the quarter. Blair William & Co. IL’s holdings in Apollo Global Management were worth $7,096,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position 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 valued at $6,319,617,000 after purchasing an additional 1,377,545 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 worth $432,727,000 after purchasing an additional 36,866 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Apollo Global Management by 2.0% during the third quarter. Bank of New York Mellon Corp now owns 2,451,537 shares of the financial services provider’s stock worth $326,716,000 after purchasing an additional 48,053 shares in the last quarter. Bessemer Group Inc. grew its stake 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 purchasing an additional 383,198 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Apollo Global Management by 2.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,387,029 shares of the financial services provider’s stock valued at $184,930,000 after buying an additional 33,402 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Key Stories Impacting Apollo Global Management

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

Apollo Global Management Stock Performance

Shares of APO stock opened at $108.23 on Wednesday. The stock’s 50-day moving average is $129.79 and its two-hundred day moving average is $132.58. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.31 and a current ratio of 1.31. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $157.28. The firm has a market cap of $62.59 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 0.87 and a beta of 1.61.

Apollo Global Management (NYSE:APOGet Free Report) last announced its earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.04 by $0.43. Apollo Global Management had a return on equity of 15.25% and a net margin of 10.90%.The company’s revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.39 earnings per share. 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 declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 19th were given a $0.51 dividend. The ex-dividend date was Thursday, February 19th. This represents a $2.04 annualized dividend and a yield of 1.9%. Apollo Global Management’s dividend payout ratio is 36.96%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on APO. Piper Sandler restated an “overweight” rating and issued a $165.00 price target on shares of Apollo Global Management in a research note on Tuesday, February 10th. Royal Bank Of Canada started coverage on Apollo Global Management in a research report on Monday, February 23rd. They set a “sector perform” rating and a $142.00 price objective for the company. Barclays dropped their price objective on Apollo Global Management from $158.00 to $131.00 and set an “overweight” rating on the stock in a report on Monday, March 2nd. JPMorgan Chase & Co. decreased their target price on Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating for the company in a research note on Tuesday, February 10th. Finally, BMO Capital Markets set a $136.00 price target on Apollo Global Management and gave the company a “market perform” rating in a report on Tuesday, November 25th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $159.47.

Check Out Our Latest Stock Analysis on APO

Apollo Global Management Company Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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