Cerity Partners LLC Purchases 48,427 Shares of Apollo Global Management Inc. $APO

Cerity Partners LLC lifted its position in Apollo Global Management Inc. (NYSE:APO) by 20.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 288,719 shares of the financial services provider’s stock after acquiring an additional 48,427 shares during the period. Cerity Partners LLC’s holdings in Apollo Global Management were worth $41,795,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. NEOS Investment Management LLC increased its holdings in Apollo Global Management by 48.7% during the third quarter. NEOS Investment Management LLC now owns 52,506 shares of the financial services provider’s stock valued at $6,997,000 after buying an additional 17,204 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Apollo Global Management by 11.0% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 900,554 shares of the financial services provider’s stock valued at $120,017,000 after buying an additional 89,439 shares during the last quarter. Cornerstone Investment Partners LLC increased its holdings in Apollo Global Management by 23.6% during the third quarter. Cornerstone Investment Partners LLC now owns 630,520 shares of the financial services provider’s stock valued at $84,029,000 after buying an additional 120,558 shares during the last quarter. Swiss National Bank increased its holdings in Apollo Global Management by 4.0% during the third quarter. Swiss National Bank now owns 1,257,314 shares of the financial services provider’s stock valued at $167,562,000 after buying an additional 48,400 shares during the last quarter. Finally, Partners Group Holding AG increased its holdings in Apollo Global Management by 4.9% during the third quarter. Partners Group Holding AG now owns 659,563 shares of the financial services provider’s stock valued at $87,900,000 after buying an additional 30,793 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Insiders Place Their Bets

In related news, insider John P. Zito sold 48,644 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the completion of the transaction, the insider directly owned 3,063,696 shares of the company’s stock, valued at approximately $400,302,519.36. This trade represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.30% of the company’s stock.

Apollo Global Management Stock Performance

APO opened at $131.44 on Thursday. The stock has a market capitalization of $75.78 billion, a price-to-earnings ratio of 83.72, a PEG ratio of 1.14 and a beta of 1.50. The company has a fifty day moving average of $124.08 and a 200 day moving average of $127.91. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $157.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.73.

Apollo Global Management (NYSE:APO) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.05. The company had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. Apollo Global Management’s quarterly revenue was down 8.8% on a year-over-year basis. During the same period last year, the company posted $1.82 earnings per share. As a group, sell-side analysts forecast that Apollo Global Management Inc. will post 8.28 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were paid a dividend of $0.5625 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.51. This represents a $2.25 annualized dividend and a yield of 1.7%. Apollo Global Management’s dividend payout ratio is 143.31%.

Key Headlines Impacting Apollo Global Management

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

• Positive Sentiment: Apollo said it is helping lead a $35 billion capital solution for Broadcom’s new AI XPV platform, alongside Blackstone and major banks. The deal is aimed at expanding AI compute capacity for frontier AI labs, which highlights Apollo’s growing role in large-scale private credit and infrastructure financing. Apollo Leads $35 Billion Capital Solution for Broadcom AI XPV Platform in Partnership with Blackstone and Leading Global Banks
• Positive Sentiment: Reuters reported that Apollo and Blackstone are backing Anthropic’s $35 billion capacity expansion using Broadcom custom chips and networking gear, reinforcing investor optimism around Apollo’s exposure to AI infrastructure and financing fees. Apollo, Blackstone back Anthropic’s $35 billion capacity expansion in new Broadcom tie-up
• Positive Sentiment: Apollo’s senior executives also used recent interviews to frame the firm as a major beneficiary of the AI buildout, including commentary that AI is coming for professional services next. That messaging supports the market’s view that Apollo can monetize the AI investment cycle beyond traditional buyouts. Apollo’s Kleinman Says AI to Come for Professional Services Next
• Neutral Sentiment: Apollo also announced new senior policy and government affairs hires in Europe, a sign of long-term business expansion but not an immediate earnings driver. Apollo Adds Senior Policy and Government Affairs Leaders in Europe
• Neutral Sentiment: Shareholders backed the board, executive pay, and auditor at Apollo’s annual meeting, removing a governance overhang but offering limited new upside by itself. Apollo Shareholders Back Board, Executive Pay and Auditor
• Negative Sentiment: Apollo and Bodycote ended talks over a possible £1.52 billion takeover proposal, which removes a potential deal opportunity and may slightly temper M&A enthusiasm. Apollo Global (APO) and Britain’s Bodycote End Talks Over a £1.52 Billion Takeover Proposal, Reuters Reports

Analyst Upgrades and Downgrades

APO has been the subject of a number of research reports. BMO Capital Markets reduced their target price on shares of Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating for the company in a report on Tuesday, March 24th. UBS Group increased their price objective on shares of Apollo Global Management from $138.00 to $158.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. TD Cowen reduced their price objective on shares of Apollo Global Management from $155.00 to $146.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Wall Street Zen cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Argus raised shares of Apollo Global Management to a “strong-buy” rating in a research note on Thursday, February 19th. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $151.23.

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.