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Mirabella Financial Services LLP Purchases Shares of 18,169 Apollo Global Management Inc. $APO
Mirabella Financial Services LLP initiated a new position in Apollo Global Management Inc. by purchasing 18,169 shares worth approximately $2.42 million in Q3, contributing to the significant institutional ownership of about 77% of outstanding shares. Despite the company beating quarterly EPS expectations and offering a quarterly dividend, recent developments such as securities class action filings, warnings about portfolio valuations from a senior executive, and heavy put buying in the options market indicate potential downside risks. Analysts project an 8 EPS for the current fiscal year for Apollo.