Swiss National Bank Adds $11M in Apollo Global Management, Inc. ($APO)
The Swiss National Bank has increased its holdings in Apollo Global Management by nearly 6.89%.
Key Points
- Swiss National Bank increased its stake in Apollo Global Management by 6.89%, adding 82,300 shares to hold 1,277,414 shares valued at $173.87 million.
- Apollo Global Management has a market cap of $78.47 billion and a forward P/E of 12.83, with shares trading near $136.11.
- Recent insider activities include multiple transactions by key executives, while analysts maintain a positive outlook with several 'buy' ratings.
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The Swiss National Bank has increased its stake in Apollo Global Management, Inc. (NYSE: APO), according to its latest filing. The bank added 82,300 shares, boosting its holdings by 6.89% to a total of 1,277,414 shares. This position is valued at approximately $173.87 million as of the reporting period.
What Changed in Swiss National Bank's Apollo Global Management Position
The Swiss National Bank's adjustment in its Apollo Global Management stake saw an increase from 1,195,114 shares to 1,277,414 shares. This represents an addition of 82,300 shares, marking a 6.89% increase. The total value of this position is now about $173.87 million.
Other Institutional Activity in Apollo Global Management
Other major institutional investors have also been active in Apollo Global Management. BlackRock, Inc. reduced its holdings by 725,025 shares, bringing its total to 34,541,937 shares, valued at $3.85 billion. Meanwhile, Vanguard Capital Management LLC significantly increased its position by 28,179,227 shares, now holding the same number of shares worth roughly $3.14 billion. Capital Research Global Investors added 15,179,699 shares, resulting in a total of 26,182,472 shares valued at $2.92 billion. On the other hand, FMR LLC trimmed its stake by 8,492,963 shares, leaving it with 21,976,458 shares worth $2.45 billion. State Street Corp slightly increased its holdings by 180,286 shares, ending with 19,618,300 shares valued at $2.19 billion.
Apollo Global Management, Inc. Stock Up 0.8%
Shares of Apollo Global Management (NYSE: APO) are trading near $136.11. The company boasts a market capitalization of about $78.47 billion. It has a P/E ratio of 85.60 and a forward P/E of 12.83, indicating expected earnings growth. The stock's beta is 1.488, suggesting it's more volatile than the market. Over the past year, the stock has traded between $99.56 and $157.28. Its 50-day moving average is $126.06, while the 200-day moving average is $128.72.
Recent Earnings
Apollo Global Management reported revenue of $31.29 billion, though it experienced a revenue decline of 9.2%. The company's net margin stands at 3.66%, with a return on equity of 8.49%. Earnings per share (EPS) is reported at $1.59. Investors can look forward to the next earnings release 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 pays an annual dividend of $2.25, yielding 1.65%. The dividend payout ratio is relatively high at 1.283, indicating that the company returns a significant portion of its earnings to shareholders.
Insider Buying and Selling at Apollo Global Management, Inc.
Recent insider transactions at Apollo Global Management include several sales and a purchase. On June 9, 2026, CFO Kelly Martin sold 1,300 shares, while Co-President Scott Kleinman sold 13,424 shares on May 27, 2026. On the same day, Co-President John Zito sold 48,644 shares at an average price of $130.66. Interestingly, Scott Kleinman also bought 3,170 shares on May 15, 2026, at an average price of $130.93.
Analysts Set New Price Targets
Analysts remain optimistic about Apollo Global Management. On May 26, 2026, Piper Sandler maintained its 'buy' rating with a $157 price target. TD Cowen also kept a 'buy' rating on May 18, 2026, with a target of $146. UBS maintained a 'buy' rating with a $158 target on May 8, 2026. The consensus recommendation for the stock is a 'buy', with an average target price of $150.38 among 16 analysts.
About Apollo Global Management
Apollo Global Management, Inc. is a major player in the financial services sector, specializing in asset management. The firm invests in credit, private equity, infrastructure, and real estate markets. Headquartered in New York, Apollo serves a diverse range of clients, including institutional investors and sovereign wealth funds. With Marc Jeffrey Rowan as CEO, the company employs about 6,140 people worldwide.
Bottom Line
The Swiss National Bank's increased stake in Apollo Global Management is a notable development, reflecting its confidence in the company's potential. While 13F filings are backward-looking, they provide insight into institutional sentiment. Apollo's diverse investment strategies and its role in asset management make it a closely watched stock in the financial sector.
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