Apollo Global Management Inc. $APO Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB raised its holdings in Apollo Global Management Inc. (NYSE:APO) by 11.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,102 shares of the financial services provider’s stock after purchasing an additional 4,034 shares during the quarter. Nordea Investment Management AB’s holdings in Apollo Global Management were worth $5,066,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Delos Wealth Advisors LLC acquired a new position in Apollo Global Management in the second quarter valued at about $25,000. Activest Wealth Management raised its stake in shares of Apollo Global Management by 875.0% in the 2nd quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 175 shares during the period. Sound Income Strategies LLC purchased a new stake in shares of Apollo Global Management in the 3rd quarter valued at approximately $28,000. SJS Investment Consulting Inc. lifted its holdings in shares of Apollo Global Management by 1,123.5% in the 3rd quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 191 shares during the last quarter. Finally, Rosenberg Matthew Hamilton boosted its position in shares of Apollo Global Management by 6,900.0% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 207 shares during the period. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

APO has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their target price on Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. The Goldman Sachs Group reissued a “buy” rating and set a $155.00 target price on shares of Apollo Global Management in a research note on Tuesday, November 25th. Evercore ISI raised their target price on Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. Wall Street Zen raised Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, UBS Group reduced their price target on shares of Apollo Global Management from $186.00 to $182.00 and set a “buy” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $165.62.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 6,000 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $131.41, for a total transaction of $788,460.00. Following the completion of the transaction, the chief financial officer owned 325,604 shares in the company, valued at approximately $42,787,621.64. The trade was a 1.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 8.20% of the company’s stock.

Apollo Global Management Stock Performance

Shares of APO opened at $144.01 on Friday. Apollo Global Management Inc. has a 1 year low of $102.58 and a 1 year high of $174.91. The stock has a market capitalization of $83.59 billion, a PE ratio of 21.05, a PEG ratio of 1.29 and a beta of 1.59. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a 50-day simple moving average of $140.13 and a 200-day simple moving average of $137.98.

Apollo Global Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 17th were given a $0.51 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.4%. Apollo Global Management’s dividend payout ratio is currently 29.82%.

About Apollo Global Management

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.