Cloverfields Capital Group LP Acquires 3,877 Shares of Apollo Global Management Inc. $APO

Cloverfields Capital Group LP boosted its position in shares of Apollo Global Management Inc. (NYSE:APO) by 12.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 35,811 shares of the financial services provider’s stock after buying an additional 3,877 shares during the quarter. Apollo Global Management makes up about 1.6% of Cloverfields Capital Group LP’s holdings, making the stock its 23rd biggest holding. Cloverfields Capital Group LP’s holdings in Apollo Global Management were worth $5,184,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APO. Vanguard Group Inc. raised its holdings in Apollo Global Management by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 47,419,652 shares of the financial services provider’s stock valued at $6,319,617,000 after buying an additional 1,377,545 shares during the last quarter. Bahl & Gaynor Inc. raised its holdings in Apollo Global Management by 62.0% during the 3rd quarter. Bahl & Gaynor Inc. now owns 996,727 shares of the financial services provider’s stock valued at $132,834,000 after buying an additional 381,479 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Apollo Global Management by 23.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,709,351 shares of the financial services provider’s stock valued at $247,469,000 after buying an additional 322,322 shares during the last quarter. Northern Trust Corp raised its holdings in Apollo Global Management by 7.3% during the 3rd quarter. Northern Trust Corp now owns 4,385,787 shares of the financial services provider’s stock valued at $584,494,000 after buying an additional 299,698 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in Apollo Global Management during the 4th quarter valued at $40,454,000. 77.06% of the stock is currently owned by institutional investors.

Key Stories Impacting Apollo Global Management

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

• Positive Sentiment: Reports say Apollo is leaning toward Austin, Texas, for a second U.S. headquarters. A larger footprint in a major growth market could support long-term hiring, deal flow, and brand visibility. Apollo Global Management chooses Austin for second HQ, report says
• Positive Sentiment: Several reports highlighted Apollo’s role in large AI infrastructure financing, including backing Broadcom’s multi-billion-dollar AI push and lending against AI chips and computing power. Investors may see this as evidence that Apollo is well positioned to profit from booming demand for AI-related capital. Apollo Global Management (APO) Is Up 5.5% After Backing Broadcom’s $35 Billion AI Infrastructure Push
• Positive Sentiment: Apollo executives have been publicly emphasizing opportunities in AI, including screening software investments for AI threat risk and arguing that AI will pressure certain industries while creating attractive financing opportunities. That keeps Apollo in the center of a major market theme. Apollo Is Screening All Software Investments for AI Threat Risk
• Neutral Sentiment: Management also warned that software valuations may be overpriced and that private equity marks can be misstated. While this reflects Apollo’s cautious underwriting stance, it does not appear to be a direct negative for the stock today. Apollo’s Zito warns software valuations are overpriced, calls out private equity ‘misstating’ marks
• Neutral Sentiment: Apollo is reportedly seeking a Japan insurance license, which would expand its financial-services reach if approved, but the move is still subject to regulatory hurdles. Apollo seeks Japan insurance licence amid regulatory hurdles – report

Analyst Upgrades and Downgrades

APO has been the subject of a number of recent analyst reports. Evercore reiterated an “outperform” rating on shares of Apollo Global Management in a report on Tuesday, April 21st. Wall Street Zen lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. Piper Sandler upped their price target on shares of Apollo Global Management from $146.00 to $157.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Finally, Royal Bank Of Canada boosted their price objective on shares of Apollo Global Management from $139.00 to $146.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. One investment 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 stock. According to data from MarketBeat.com, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average target price of $151.23.

Apollo Global Management Stock Up 0.1%

Shares of Apollo Global Management stock opened at $134.08 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 company’s fifty day simple moving average is $125.01 and its two-hundred day simple moving average is $127.98. The company has a market cap of $77.30 billion, a P/E ratio of 85.40, a PEG ratio of 1.15 and a beta of 1.50. Apollo Global Management Inc. has a 12-month low of $99.56 and a 12-month high of $157.28.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.05. The business had revenue of $5.06 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.82 EPS. Research analysts anticipate that Apollo Global Management Inc. will post 8.28 EPS for the current year.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th were given a $0.5625 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s payout ratio is currently 143.31%.

Insider Buying and Selling at Apollo Global Management

In other news, insider John P. Zito sold 48,644 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total value of $6,355,825.04. Following the sale, the insider directly owned 3,063,696 shares of the company’s stock, valued at $400,302,519.36. This represents a 1.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.30% of the stock is owned by corporate insiders.

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.