Assenagon Asset Management S.A. Trims Holdings in Apollo Global Management Inc. $APO

Assenagon Asset Management S.A. reduced its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 63.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,437 shares of the financial services provider’s stock after selling 21,968 shares during the period. Assenagon Asset Management S.A.’s holdings in Apollo Global Management were worth $1,800,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of APO. Delos Wealth Advisors LLC bought a new stake in shares of Apollo Global Management in the 2nd quarter worth approximately $25,000. Atlantic Union Bankshares Corp boosted its holdings in Apollo Global Management by 99.0% in the third quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 99 shares in the last quarter. Sound Income Strategies LLC bought a new position in shares of Apollo Global Management during the third quarter valued at $28,000. SJS Investment Consulting Inc. raised its position in shares of Apollo Global Management by 1,123.5% in the 3rd quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 191 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in Apollo Global Management by 44.0% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 252 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 77 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management News Roundup

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

• Positive Sentiment: Strategic acquisitions and deal flow — Apollo agreed to buy Nippon Sheet Glass (~$3.7bn enterprise value), adding industrial/private equity exposure in Japan and signaling continued PE deployment. Apollo Global Management (APO) Acquiring Nippon Sheet
• Positive Sentiment: Large potential buyout pipeline — Bloomberg reports Apollo is nearing a roughly $10B acquisition of Atlantic Aviation from KKR, which would expand its infrastructure/aviation holdings and AUM. Apollo nears $10B deal to purchase Atlantic Aviation
• Positive Sentiment: U.S. footprint expansion — Apollo is exploring a second U.S. headquarters in South Florida or Texas to access lower costs/talent and support long-term AUM growth, a constructive signal for operational scaling. Apollo to Expand U.S. Footprint With Second Headquarters Plan
• Neutral Sentiment: Debt issuance — Apollo priced $750M of 5.700% senior notes. This raises financing for corporate or investment purposes; impact depends on use of proceeds and interest-cost outlook. Apollo Global Issues $750 Million Senior Notes Offering
• Neutral Sentiment: Minor institutional selling — Beacon Investment Advisory cut its APO stake (sell of ~5,958 shares reported in 13F), a small disclosure-driven flow rather than evidence of broad redemptions. Beacon Investment Advisory Services Inc. Sells 5,958 Shares
• Negative Sentiment: Private-credit exposure concerns — WSJ/industry pieces suggest Apollo-managed private-credit funds may understate exposure to stressed software companies, raising mark and loss-risk questions for credit portfolios. Private Credit’s Exposure to Ailing Software Industry Is Bigger Than Advertised
• Negative Sentiment: Legal/reputational overhang — Multiple firms have filed or publicized securities class actions tied to investigative “Epstein files” reporting and related disclosures; plaintiff-firm notices and lead-plaintiff deadlines add litigation risk and headline volatility. APO SHAREHOLDER NOTICE: Hagens Berman Alerts Apollo Investors

Wall Street Analyst Weigh In

APO has been the topic of several recent analyst reports. The Goldman Sachs Group reissued a “buy” rating and set a $165.00 price objective on shares of Apollo Global Management in a research report on Monday, February 9th. Royal Bank Of Canada initiated coverage on shares of Apollo Global Management in a report on Monday, February 23rd. They issued a “sector perform” rating and a $142.00 target price for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, February 10th. Piper Sandler reiterated an “overweight” rating and set a $165.00 price target on shares of Apollo Global Management in a report on Tuesday, February 10th. Finally, TD Cowen reissued a “buy” rating on shares of Apollo Global Management in a research report on Thursday, February 12th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.13.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $109.88 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market cap of $63.54 billion, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 0.87 and a beta of 1.61. The business has a 50-day simple moving average of $119.37 and a two-hundred day simple moving average of $129.98. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $157.28.

Apollo Global Management (NYSE:APO) last announced its quarterly 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 net margin of 10.90% and a return on equity of 15.25%. The firm had revenue of $9.86 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm posted $2.39 EPS. The business’s quarterly revenue was up .8% compared to the same quarter last year. On average, analysts expect that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 19th were issued 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 (DPR) is currently 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.