Mirae Asset Global Investments Co. Ltd. Purchases 139,183 Shares of Apollo Global Management Inc. $APO

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Apollo Global Management Inc. (NYSE:APO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 139,183 shares of the financial services provider’s stock, valued at approximately $16,154,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Apollo Global Management by 4.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider’s stock valued at $669,372,000 after buying an additional 234,517 shares during the last quarter. Legal & General Group Plc purchased a new stake in shares of Apollo Global Management in the second quarter worth about $459,987,000. Bank of New York Mellon Corp purchased a new stake in shares of Apollo Global Management in the second quarter worth about $336,644,000. Temasek Holdings Private Ltd boosted its stake in shares of Apollo Global Management by 214.4% in the first quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock worth $263,861,000 after buying an additional 1,614,813 shares during the last quarter. Finally, Curated Wealth Partners LLC grew its holdings in Apollo Global Management by 91.8% during the third quarter. Curated Wealth Partners LLC now owns 2,205,762 shares of the financial services provider’s stock worth $255,887,000 after acquiring an additional 1,055,818 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Apollo Global Management

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

• Positive Sentiment: Apollo launched the European Credit Company, a private-credit platform with more than €10 billion in initial lending capacity. It broadens Apollo’s reach across corporate, asset-backed, infrastructure and real-estate lending. Apollo Announces the Launch of European Credit Company
• Positive Sentiment: Loan originations reportedly reached a record $114 billion, while assets under management climbed to $1.07 trillion, highlighting demand for alternative financing and Apollo’s scale. Apollo’s originations rise to a record $114 billion
• Positive Sentiment: Fee-related earnings reportedly exceeded expectations, offering a bright spot amid the broader earnings disappointment. Apollo Global Q3 earnings disappoint, but fee-related earnings surprise to the upside
• Positive Sentiment: Apollo declared a quarterly dividend of $0.5625 per share, equivalent to $2.25 annually. Apollo Global Management dividend announcement
• Neutral Sentiment: The firm plans to spend $350 million on a software overhaul for private-credit trading. The investment may support operations over time, but adds near-term spending. Apollo to Spend $350 Million on Software Overhaul
• Negative Sentiment: Q3 earnings missed analyst expectations, and Apollo swung to a $1.06 billion net loss attributable to common stockholders from net income a year earlier, largely due to investment-related losses. Reports also cited rising expenses. The shortfall is the clearest near-term headwind for APO shares. Apollo Global Swings to a Loss on Investment-Related Losses

Insider Buying and Selling

In related news, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief financial officer owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. The trade was a 0.75% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.30% of the company’s stock.

Wall Street Analysts Forecast Growth

APO has been the subject of several recent research reports. Wall Street Zen upgraded Apollo Global Management from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 18th. The Goldman Sachs Group decreased their price target on Apollo Global Management from $154.00 to $148.00 and set a “buy” rating for the company in a report on Friday, October 2nd. Wells Fargo & Company assumed coverage on shares of Apollo Global Management in a research note on Friday, October 2nd. They set an “equal weight” rating and a $127.00 price objective on the stock. TD Cowen cut their target price on shares of Apollo Global Management from $159.00 to $154.00 and set a “buy” rating for the company in a report on Monday, October 12th. Finally, Weiss Ratings raised shares of Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, August 21st. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and an average target price of $151.40.

Apollo Global Management Stock Down 4.8%

Apollo Global Management stock opened at $113.76 on Wednesday. The stock has a market capitalization of $67.18 billion, a PE ratio of 41.67, a price-to-earnings-growth ratio of 1.10 and a beta of 1.51. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $153.29. The business has a 50 day simple moving average of $121.66 and a 200-day simple moving average of $123.30. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70.

Apollo Global Management (NYSE:APO) last announced 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). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%. The business had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same period in the previous year, the company earned $1.92 earnings per share. On average, analysts anticipate that Apollo Global Management Inc. will post 7.96 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Wednesday, November 18th will be paid a $0.5625 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $2.25 dividend on an annualized basis and a yield of 2.0%. Apollo Global Management’s dividend payout ratio (DPR) is currently 82.42%.

Apollo Global Management Company 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.