Metlife Investment Management Reduces $471K in Apollo Global Management, Inc. ($APO)
The firm cut its holdings in Apollo Global Management by 3,393 shares, reflecting a 2.73% decrease.
Key Points
- Metlife Investment Management trimmed its stake in Apollo Global Management by 3,393 shares, reducing its holdings to 120,908 shares valued at $16.8 million.
- Apollo Global Management's stock trades near $138.91 with a market cap of $80.08 billion and a forward P/E ratio of 13.09.
- Insiders, including Co-Presidents Scott Kleinman and John Zito, made significant transactions in May, while analysts maintain a 'buy' consensus.
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Metlife Investment Management has reduced its stake in Apollo Global Management, Inc. (NYSE: APO) by 3,393 shares, according to its latest 13F filing with the SEC. This move represents a 2.73% decrease in its holdings, bringing the total to 120,908 shares valued at approximately $16.8 million as of the reporting period.
What Changed in Metlife Investment Management's Apollo Global Management Position
Metlife Investment Management trimmed its investment in Apollo Global Management by 3,393 shares, decreasing its holdings to 120,908 shares. This adjustment reflects a 2.73% reduction from their previous count of 124,301 shares, as detailed in the recent filing.
Other Institutional Activity in Apollo Global Management
Several other institutional investors also adjusted their positions in Apollo Global Management. BlackRock, Inc. decreased its holdings by 725,025 shares, ending with 34,541,937 shares valued at about $3.85 billion. Vanguard Capital Management LLC significantly increased its position, adding 28,179,227 shares to reach a total of 28,179,227 shares worth approximately $3.14 billion. Capital Research Global Investors boosted its stake by 15,179,699 shares, holding 26,182,472 shares valued at $2.92 billion. Meanwhile, FMR LLC reduced its position by 8,492,963 shares, leaving it with 21,976,458 shares valued at $2.45 billion.
Apollo Global Management, Inc. Stock Up 1.7%
Shares of Apollo Global Management (NYSE: APO) traded near $138.91 recently. The company has a market capitalization of $80.08 billion. It sports a forward P/E ratio of 13.09, with a beta of 1.488, indicating higher volatility compared to the market. The stock's 52-week range has seen a low of $99.56 and a high of $157.28, with moving averages over 50 and 200 days at $127.37 and $128.74, respectively.
Recent Earnings
Apollo Global Management reported revenue of approximately $31.29 billion, though this marks a decline of 9.2% from the prior period. The company's net margin stands at 3.66%, and it achieved a return on equity of 8.49%. Upcoming earnings are expected to be released on August 4, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 analysts raised price targets.
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EPS & revenue
EPS missed estimates by 0.5%. Revenue missed estimates by 8.2%.
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Profit surprise
EBITDA missed by 81 percent. Operating income missed by 78 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
3 target raises.
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Earnings quality
Gross margin up 5.9 points. Operating margin down 20.9 points. Positive free cash flow.
Earnings Call Summary
Apollo had a strong quarter in origination at $71 billion and capital formation at $115 billion, though overall revenue fell short at $4.93 billion versus $5.37 billion expected and adjusted earnings of $1.94 per share missed the $1.98 consensus. Management stressed they are being defensive about geopolitical and economic risks while remaining well positioned to grow through their large origination pipeline and $40 billion in Athene cash.
Guidance Management reaffirmed its outlook for 20 percent growth in fee-related earnings and 10 percent growth in spread-related earnings in 2026, assuming an 11 percent return on alternative investments. No change to prior guidance despite the weaker quarter.
Neutral report. Results and guidance were close to expectations, with limited evidence of a reset either way.
Dividend
Apollo Global Management offers an annual dividend rate of $2.25, resulting in a yield of 1.62%. The company's dividend payout ratio is notably high at 1.283, reflecting its commitment to returning earnings to shareholders.
Insider Buying and Selling at Apollo Global Management, Inc.
In recent insider activity, CFO Martin Kelly sold 7,000 shares on May 14, 2026, without a planned sale. Co-President Scott Kleinman also engaged in transactions, selling 13,424 shares on May 27, 2026, and buying 3,170 shares on May 15, 2026. Co-President John Zito sold 48,644 shares at an average price of $130.66 on May 27, 2026.
Analysts Set New Price Targets
Several analysts have maintained their ratings on Apollo Global Management. On May 26, 2026, Piper Sandler reaffirmed a 'buy' rating with a price target of $157. TD Cowen also maintained a 'buy' rating on May 18, 2026, setting a target of $146. UBS, on May 8, 2026, continued its 'buy' stance with a target of $158. The consensus among 16 analysts suggests a 'buy' recommendation, with a mean target price of $150.38.
About Apollo Global Management
Apollo Global Management, Inc., headquartered in New York, specializes in private equity, credit, and real estate investments across global markets. Founded in 1990, it serves a diverse clientele, including institutional and individual investors. With a workforce of over 6,000 employees, Apollo focuses on a variety of investment strategies, including buyouts, distressed assets, and growth capital.
Bottom Line
Metlife Investment Management's recent trimming of its Apollo Global Management stake reflects a slight repositioning in its investment strategy. Investors will continue to watch Apollo's performance closely, especially given its significant market presence and ongoing insider transactions. Remember, 13F filings are backward-looking snapshots and may not reflect current positions.
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