8,235 Apollo Global Management Inc. $APO Shares Acquired by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. lifted its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 11.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 81,256 shares of the financial services provider’s stock after buying an additional 8,235 shares during the period. Rakuten Investment Management Inc.’s holdings in Apollo Global Management were worth $9,669,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Third View Private Wealth LLC grew its holdings in shares of Apollo Global Management by 4.4% during the third quarter. Third View Private Wealth LLC now owns 56,316 shares of the financial services provider’s stock valued at $6,536,000 after purchasing an additional 2,362 shares during the last quarter. Provenance Wealth Advisors LLC raised its position in shares of Apollo Global Management by 811.0% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 8,053 shares of the financial services provider’s stock worth $935,000 after purchasing an additional 7,169 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of Apollo Global Management by 2.4% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 58,075 shares of the financial services provider’s stock worth $6,740,000 after purchasing an additional 1,350 shares during the period. Factory Mutual Insurance Co. raised its position in shares of Apollo Global Management by 14.5% during the 3rd quarter. Factory Mutual Insurance Co. now owns 198,350 shares of the financial services provider’s stock worth $23,021,000 after purchasing an additional 25,150 shares during the period. Finally, SMH Capital Advisors Inc. bought a new stake in shares of Apollo Global Management in the 3rd quarter worth approximately $222,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

More Apollo Global Management News

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

• Positive Sentiment: Apollo reported record quarterly originations of $114 billion and assets under management of $1.07 trillion. It also generated $802 million in fee-related earnings, supporting the case for continued growth in its core business. Apollo reports record originations and AUM
• Positive Sentiment: JPMorgan raised its price target to $157 and maintained an Overweight rating, signaling confidence in Apollo’s potential despite the recent weakness. JPMorgan analyst rating
• Neutral Sentiment: Goldman Sachs and Apollo are reportedly seeking buyers for a roughly $40 billion SpaceX AI-chip financing deal. The arrangement could create business opportunities, but the size and buyer-search process leave execution and demand uncertain. Goldman and Apollo discuss SpaceX AI deal
• Neutral Sentiment: Nvidia is reportedly considering Apollo’s telecom-site assets as a way to develop data-center capacity where new facilities face restrictions. This could improve the value of those assets, though no transaction was confirmed. Nvidia reportedly eyes Apollo telecom sites
• Negative Sentiment: Coverage highlighted a sharp selloff in APO. Reports that Apollo is heavily outspending smaller cloud-computing firms on AI chips, alongside an economist’s view that GDP gains from capital spending may be more modest, may heighten investor concern about the cost and returns of AI investment. Apollo’s AI-chip spending
• Negative Sentiment: Several analysts trimmed their price targets, including RBC, KBW, Morgan Stanley and Barclays, although most retained positive or market-level ratings. The revisions add a cautious note after the stock’s recent weakness. RBC analyst rating

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on APO shares. The Goldman Sachs Group reduced their price objective on Apollo Global Management from $154.00 to $148.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Bank of America lowered their price objective on Apollo Global Management from $163.00 to $161.00 in a research note on Monday, October 5th. Royal Bank Of Canada dropped their target price on Apollo Global Management from $146.00 to $138.00 and set a “sector perform” rating on the stock in a research report on Wednesday. Weiss Ratings upgraded Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Finally, Morgan Stanley cut their target price on Apollo Global Management from $150.00 to $149.00 and set an “overweight” rating on the stock in a research note on Wednesday. Thirteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $146.89.

Apollo Global Management Price Performance

NYSE APO opened at $117.04 on Friday. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $153.29. The company has a current ratio of 1.41, a quick ratio of 1.70 and a debt-to-equity ratio of 0.42. The stock has a market cap of $69.11 billion, a price-to-earnings ratio of -63.95, a price-to-earnings-growth ratio of 1.13 and a beta of 1.51. The company has a 50-day moving average price of $121.12 and a two-hundred day moving average price of $123.06.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.16 by ($0.05). The firm had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.65 billion. Apollo Global Management had a negative net margin of 2.98% and a positive return on equity of 12.11%. During the same quarter in the previous year, the business posted $1.92 EPS. Analysts forecast that Apollo Global Management Inc. will post 7.96 EPS for the current year.

Apollo Global Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Wednesday, November 18th will be issued a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, November 18th. Apollo Global Management’s dividend payout ratio is 82.42%.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.30% of the stock is owned by company insiders.

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.