Wesbanco Bank Inc. Makes New $4.64 Million Investment in Apollo Global Management Inc. $APO

Wesbanco Bank Inc. bought a new position in shares of Apollo Global Management Inc. (NYSE:APO) during the fourth quarter, HoldingsChannel.com reports. The firm bought 32,053 shares of the financial services provider’s stock, valued at approximately $4,640,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Schnieders Capital Management LLC. bought a new stake in shares of Apollo Global Management during the second quarter valued at approximately $7,954,000. Baird Financial Group Inc. raised its position in shares of Apollo Global Management by 117.5% during the second quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider’s stock valued at $2,287,000 after buying an additional 8,709 shares during the last quarter. Gamco Investors INC. ET AL raised its position in shares of Apollo Global Management by 4.8% during the second quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider’s stock valued at $949,000 after buying an additional 305 shares during the last quarter. Nebula Research & Development LLC bought a new stake in shares of Apollo Global Management during the second quarter valued at approximately $722,000. Finally, Northern Right Capital Management L.P. raised its position in shares of Apollo Global Management by 1.5% during the second quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider’s stock valued at $24,542,000 after buying an additional 2,500 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Trending Headlines about Apollo Global Management

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

• Positive Sentiment: Apollo reported first-quarter results that beat earnings expectations, with stronger fee-related earnings and assets under management surpassing $1 trillion, highlighting momentum in its core business and supporting the stock. Apollo Global Q1 earnings top earnings on strong fee-related earnings; AUM exceeds 1T
• Positive Sentiment: The company also raised its quarterly dividend by 10.3%, which signals confidence in cash generation and can be viewed favorably by income-oriented investors. Apollo Funds Complete Acquisition of Prosol Group
• Positive Sentiment: Reports that Apollo is part of a potential $35 billion financing package for Broadcom suggest growing demand for its private credit capabilities and could expand fee income if the deal closes. Apollo, Blackstone Weigh 35 Billion Financing for Broadcom
• Neutral Sentiment: Apollo also completed its acquisition of a majority stake in Prosol Group, which adds to its private equity portfolio but is not likely to be a near-term stock catalyst on its own. Apollo Funds Complete Acquisition of Prosol Group
• Neutral Sentiment: Management is also pushing for more transparency in private credit valuations, a move that may help fundraising over time but does not directly change near-term earnings. Apollo Seeks an Edge With Credit Fund Transparency Push

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on APO shares. Barclays lifted their price objective on shares of Apollo Global Management from $125.00 to $131.00 and gave the company an “overweight” rating in a research report on Thursday. The Goldman Sachs Group reduced their price objective on shares of Apollo Global Management from $169.00 to $134.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. UBS Group lifted their price objective on shares of Apollo Global Management from $138.00 to $158.00 and gave the company a “buy” rating in a research report on Friday. Evercore reiterated an “outperform” rating on shares of Apollo Global Management in a research report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and an average target price of $150.75.

Apollo Global Management Trading Up 4.2%

Shares of APO opened at $133.15 on Friday. The company’s fifty day moving average is $113.74 and its 200 day moving average is $127.41. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $157.28. The stock has a market capitalization of $76.99 billion, a PE ratio of 84.81, a P/E/G ratio of 1.16 and a beta of 1.52. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.31 and a current ratio of 1.73.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.89 by $0.05. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The company had revenue of $5.06 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the previous year, the business posted $1.82 earnings per share. Apollo Global Management’s quarterly revenue was down 8.8% on a year-over-year basis. Sell-side analysts expect that Apollo Global Management Inc. will post 8.36 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be given a $0.5625 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.51. This represents a $2.25 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, May 19th. Apollo Global Management’s dividend payout ratio (DPR) is presently 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.