Clear Harbor Asset Management LLC Purchases New Position in Apollo Global Management Inc. $APO

Clear Harbor Asset Management LLC purchased a new stake in shares of Apollo Global Management Inc. (NYSE:APO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 8,243 shares of the financial services provider’s stock, valued at approximately $975,000.

Other large investors have also added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC bought a new position in shares of Apollo Global Management during the 4th quarter valued at approximately $29,000. MBM Wealth Consultants LLC purchased a new position in shares of Apollo Global Management in the first quarter valued at $29,000. Steigerwald Gordon & Koch Inc. increased its position in Apollo Global Management by 484.1% in the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 213 shares during the last quarter. Keating Financial Advisory Services Inc. bought a new stake in Apollo Global Management in the second quarter worth $31,000. Finally, Osbon Capital Management LLC purchased a new stake in Apollo Global Management during the fourth quarter valued at $36,000. Institutional investors own 77.06% of the company’s stock.

Key Headlines Impacting Apollo Global Management

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

• Positive Sentiment: Apollo joined an early Section 48E tax-equity deal, expanding its participation in financing opportunities tied to clean-energy projects and the U.S. investment-tax-credit framework. The transaction could support future fee generation and strengthen Apollo’s position in alternative-energy financing. Apollo Global Management Joins Early Section 48E Tax Equity Deal
• Neutral Sentiment: Apollo said an investigation found unauthorized access to some cloud platforms from July 6 through July 10 following a social-engineering incident. The company is assessing the affected information and has disclosed the breach to the public. Apollo Global Management Hit by Social Engineering Attack and Data Breach
• Negative Sentiment: Potentially exposed information includes Social Security numbers and other personal data. The incident may increase Apollo’s costs for investigation, customer support, remediation and security upgrades, while also raising the risk of regulatory scrutiny, lawsuits and reputational damage for the financial-services firm. Apollo Global Confirms Data Breach; Personal Data Potentially Exposed
• Negative Sentiment: Reports characterize the event as part of a broader wave of social-engineering attacks targeting financial companies. Because the intrusion involved compromised access to cloud systems rather than conventional malware, investors may view it as evidence of an ongoing operational and cybersecurity risk. Apollo’s Recent Breach Exposed a Major Risk for Finance Firms

Apollo Global Management Trading Up 2.0%

NYSE APO opened at $132.63 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34. The stock has a market cap of $78.32 billion, a PE ratio of 48.58, a PEG ratio of 1.19 and a beta of 1.51. The company’s 50-day moving average price is $126.64 and its 200-day moving average price is $122.75. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $153.29.

Apollo Global Management (NYSE:APO) last posted its quarterly 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 net margin of 5.22% and a return on equity of 14.01%. The company had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the prior year, the firm posted $1.92 EPS. Equities research analysts forecast that Apollo Global Management Inc. will post 8.08 earnings per share for the current year.

Apollo Global Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.5625 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.25 dividend on an annualized basis and a yield of 1.7%. Apollo Global Management’s dividend payout ratio (DPR) is 82.42%.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 396,533 shares of the company’s stock, valued at $55,847,707.72. The trade was a 0.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John P. Zito sold 48,644 shares of the business’s stock in a transaction 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 completion of the transaction, the insider directly owned 3,063,696 shares of the company’s stock, valued at approximately $400,302,519.36. The trade was a 1.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 8.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. TD Cowen reiterated a “buy” rating on shares of Apollo Global Management in a research report on Thursday, August 6th. Wall Street Zen upgraded shares of Apollo Global Management from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 18th. UBS Group upped their target price on shares of Apollo Global Management from $157.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada increased their price target on shares of Apollo Global Management from $137.00 to $146.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Finally, Barclays lifted their price target on Apollo Global Management from $132.00 to $157.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $152.77.

About Apollo Global Management

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.