Key Points
- Insider sale: Apollo Global Management insider John Zito sold 48,644 shares at an average price of $130.66, for a total of about $6.36 million. He still holds more than 3.06 million shares, so the sale trimmed his stake only slightly.
- Earnings and dividend: Apollo recently reported quarterly EPS of $1.94, topping estimates, though revenue came in below expectations and fell 8.8% year over year. The company also raised its quarterly dividend to $0.5625 per share, up from $0.51.
- Business momentum and sentiment: Recent news points to continued activity in Apollo’s private-credit and alternative-asset businesses, including a deal to back Apex Service Partners and reports of a $36 billion financing effort tied to Anthropic. Analyst sentiment remains generally positive overall, with a consensus “Moderate Buy” rating.
Apollo Global Management Inc. (NYSE:APO - Get Free Report) insider John Zito sold 48,644 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total value of $6,355,825.04. Following the sale, the insider owned 3,063,696 shares in the company, valued at $400,302,519.36. The trade was a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Apollo Global Management Stock Down 2.1%
Shares of Apollo Global Management stock opened at $127.55 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. The business's 50 day simple moving average is $120.79 and its 200-day simple moving average is $127.92. The stock has a market capitalization of $73.54 billion, a price-to-earnings ratio of 81.24, a PEG ratio of 1.12 and a beta of 1.52. Apollo Global Management Inc. has a twelve month low of $99.56 and a twelve month high of $157.28.
Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, topping the consensus estimate of $1.89 by $0.05. The business had revenue of $5.06 billion during the quarter, compared to analyst estimates of $5.19 billion. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The company's quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.82 earnings per share. Equities research analysts forecast that Apollo Global Management Inc. will post 8.28 earnings per share for the current year.
Apollo Global Management Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th will be given a dividend of $0.5625 per share. This is an increase from Apollo Global Management's previous quarterly dividend of $0.51. This represents a $2.25 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Tuesday, May 19th. Apollo Global Management's payout ratio is currently 143.31%.
Apollo Global Management News Roundup
Here are the key news stories impacting Apollo Global Management this week:
- Positive Sentiment: Apollo is expanding its alternative-asset footprint by backing Apex Service Partners in a deal that values the HVAC/electrical/plumbing platform at about $10 billion, signaling continued deal activity and potential fee-income growth. Apex Service sells minority stake to Apollo at $10 bln valuation, source says
- Positive Sentiment: The company is also tied to a large financing effort for AI infrastructure, with reports that Apollo is arranging $36 billion of debt related to chip purchases for Anthropic, underscoring its role in major private-credit transactions. Apollo Shops $36 Billion Debt to Buy AI Chips for Anthropic (1)
- Positive Sentiment: Apollo’s presentation at Bernstein’s annual strategic decisions conference may help reinforce management’s upbeat message on fundraising, deployment opportunities, and long-term growth. Apollo Global Management, Inc. (APO) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
- Neutral Sentiment: Reuters reported that Apollo’s president expects wealthy clients to keep withdrawing money from some private credit funds, which suggests ongoing pressure in parts of the business but does not by itself change the company’s broader earnings picture. Apollo's president sees continued withdrawals from US private credit funds for the wealthy
- Negative Sentiment: Insider John P. Zito sold 48,644 shares at an average price of $130.66, a transaction that can weigh on investor sentiment even though he still holds a large stake. Apollo Global Management stock insider sale disclosure
Analyst Ratings Changes
Several equities analysts have recently commented on APO shares. Piper Sandler upped their price target on shares of Apollo Global Management from $146.00 to $157.00 and gave the stock an "overweight" rating in a research report on Tuesday. Wall Street Zen lowered shares of Apollo Global Management from a "hold" rating to a "sell" rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. lowered their price target on shares of Apollo Global Management from $164.00 to $162.00 and set an "overweight" rating for the company in a research report on Tuesday, February 10th. Royal Bank Of Canada upped their price target on shares of Apollo Global Management from $139.00 to $146.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 7th. Finally, Argus upgraded shares of Apollo Global Management to a "strong-buy" rating in a research report on Thursday, February 19th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $151.23.
View Our Latest Stock Report on Apollo Global Management
Institutional Investors Weigh In On Apollo Global Management
Institutional investors have recently bought and sold shares of the stock. Atlantic Union Bankshares Corp boosted its stake in Apollo Global Management by 99.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 99 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Apollo Global Management during the 4th quarter valued at $29,000. MBM Wealth Consultants LLC bought a new position in Apollo Global Management during the 1st quarter valued at $29,000. Steigerwald Gordon & Koch Inc. boosted its stake in Apollo Global Management by 484.1% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 213 shares in the last quarter. Finally, Osbon Capital Management LLC bought a new position in Apollo Global Management during the 4th quarter valued at $36,000. Institutional investors and hedge funds own 77.06% of the company's stock.
About Apollo Global Management
(
Get 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.
Further Reading
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