Alliancebernstein L.P. 13F: Cuts APO Stake by $112M

Alliancebernstein L.P. has significantly reduced its stake in Apollo Global Management, Inc. (NYSE:APO), according to the latest Form 13F filing with the SEC. The firm cut its holdings by 813,010 shares, a reduction of about 47.7%, leaving it with 891,998 shares valued at approximately $123.9 million as of the reporting period.

What Changed in Alliancebernstein's Apollo Global Management Position

Alliancebernstein's decision to trim its position in Apollo saw its shares drop from 1,705,008 to 891,998. This reduction of 813,010 shares represents a 47.7% decrease. The value of the shares held is now around $123.9 million.

Other Institutional Activity in Apollo Global Management

In related activity, BlackRock, Inc. reduced its holdings by 725,025 shares, ending with 34,541,937 shares worth about $3.85 billion. Vanguard Capital Management LLC added a significant amount, bringing its total to 28,179,227 shares valued at approximately $3.14 billion. Capital Research Global Investors increased its position by 15,179,699 shares, now holding 26,182,472 shares valued at $2.92 billion. Meanwhile, FMR LLC trimmed its stake by 8,492,963 shares, maintaining 21,976,458 shares worth about $2.45 billion.

Apollo Global Management, Inc. Stock Up 21.3%

Shares of Apollo Global Management are trading near $138.91. The company boasts a market capitalization of about $80.08 billion. It has a P/E ratio of 87.4 and a forward P/E of 13.1, indicating a more favorable future earnings outlook. Apollo's beta is 1.488, reflecting its volatility relative to the market. The stock's 52-week range is between $99.56 and $157.28, with moving averages of $127.37 (50-day) and $128.74 (200-day).

Recent Earnings

Apollo Global Management reported revenue of $31.29 billion, although experiencing a slight revenue decline of 9.2%. The company's net margin stands at 3.7%, with a return on equity of 8.5%. The next earnings report is expected on August 4, 2026.

Dividend

Apollo offers an annual dividend rate of $2.25, yielding 1.62%. The payout ratio is high at 128.3%, which might raise concerns about sustainability if earnings don't improve.

Insider Buying and Selling at Apollo Global Management, Inc.

Recent insider activity includes sales by Chief Financial Officer Kelly Martin, who sold 1,300 shares on June 9, 2026, and 7,000 shares on May 14, 2026. Co-President Scott Kleinman purchased 3,170 shares on May 15, 2026, while John Zito sold 48,644 shares on May 27, 2026. These transactions were not part of planned sales.

Analysts Set New Price Targets

Analysts have been active with their ratings for Apollo. On May 26, 2026, Piper Sandler maintained a buy rating with a price target of $157. Similarly, TD Cowen kept a buy rating with a $146 target on May 18, 2026. UBS also maintained a buy rating with a $158 target on May 8, 2026. The consensus recommendation remains a buy, with a mean price target of $150.38 from 16 analysts.

About Apollo Global Management

Apollo Global Management, Inc. is a leading private equity firm based in New York, specializing in a range of asset management services, including credit, private equity, and real estate investments. With over 6,000 employees, the firm serves institutional and individual investors globally, managing diverse investment portfolios. Founded in 1990, Apollo is known for its strategic investments in various sectors such as energy, technology, and real estate.

Bottom Line

Alliancebernstein L.P.'s decision to reduce its position in Apollo Global Management is a notable move in the financial services sector. Investors closely watch these 13F filings to gauge institutional confidence in a company, though it's important to remember these filings are backward-looking. Apollo continues to be a significant player in asset management, with ongoing interest from both institutional investors and analysts.