Bank of America 13F: Adds $67M to APO Stake

Bank of America Grows Position in Apollo Global Management

Bank of America raised its investment in Apollo Global Management, Inc. (NYSE:APO) during the period, according to a Form 13F filed with the Securities and Exchange Commission. The major financial institution added 562,837 shares to its portfolio, representing a 16.6% increase from the prior quarter. The filing reflects holdings as of May 18, 2026, and may not show the firm's current share count.

Inside the Bank's Expanded Stake

Before this adjustment, the bank held 3,394,466 shares of the asset manager. The purchase of 562,837 shares brought the ending position to 3,957,303 shares. Based on market prices, the total value of this holding reached about $468.2 million. Because 13F disclosures look backward at completed quarters, this activity shows how the institution positioned itself at that time.

Apollo Stock Context and Market Levels

Shares changed hands around $118.31 on Friday. The company has traded between a 52-week low of $99.56 and a 52-week high of $153.29. Its 50-day moving average rests near $126.93, while the 200-day moving average sits at $125.20. The firm operates with a forward P/E ratio of 10.5.

Recent Wall Street Analyst Moves

Financial firms have adjusted their views on the asset manager recently. On October 13, 2026, UBS kept a Buy rating on the stock while moving its target to $163.00 from $172.00. TD Cowen maintained a Buy rating on October 12, 2026, setting a target of $154.00. Wells Fargo initiated coverage on October 2, 2026, with an Equal-Weight rating and a $127.00 target. JP Morgan kept an Overweight rating on September 2, 2026, with a target of $154.00. Overall, the stock carries a consensus buy recommendation and a mean price target of $150.10 across 20 analysts.

Understanding Apollo Global Management

Apollo Global Management, Inc. is a New York-based private equity firm that invests across credit, private equity, infrastructure, and real estate markets. The company provides strategies for institutional and individual clients, including endowment and sovereign wealth funds, focusing on alternative investments and fixed income.

What to Watch at Apollo Global Management, Inc.

Market participants will look ahead to the company's next scheduled earnings report on November 3, 2026, for fresh details on financial performance. Future institutional filings will also show whether other large banks and asset managers continued adding to their positions or trimmed exposure.