Apollo Global Management Inc. $APO Shares Bought by DNB Asset Management AS

DNB Asset Management AS lifted its position in shares of Apollo Global Management Inc. (NYSE:APO) by 12.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 363,131 shares of the financial services provider’s stock after buying an additional 39,032 shares during the quarter. DNB Asset Management AS’s holdings in Apollo Global Management were worth $48,394,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Delos Wealth Advisors LLC purchased a new stake in Apollo Global Management in the 2nd quarter worth approximately $25,000. Atlantic Union Bankshares Corp boosted its holdings in shares of Apollo Global Management by 99.0% during the third quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 99 shares during the last quarter. Sound Income Strategies LLC purchased a new stake in shares of Apollo Global Management in the third quarter valued at $28,000. SJS Investment Consulting Inc. increased its stake in Apollo Global Management by 1,123.5% in the third quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 191 shares during the last quarter. Finally, Nemes Rush Group LLC acquired a new position in Apollo Global Management in the second quarter valued at $30,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insider Buying and Selling at Apollo Global Management

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Keefe, Bruyette & Woods lifted their price target on Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. Wall Street Zen upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Apollo Global Management in a research report on Tuesday, February 10th. Morgan Stanley lifted their price target on shares of Apollo Global Management from $180.00 to $181.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. Finally, UBS Group dropped their price objective on Apollo Global Management from $182.00 to $152.00 and set a “buy” rating for the company in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus price target of $161.27.

Apollo Global Management Stock Performance

Apollo Global Management stock opened at $114.43 on Friday. The firm has a market capitalization of $66.42 billion, a PE ratio of 20.73, a price-to-earnings-growth ratio of 0.94 and a beta of 1.57. The stock’s 50 day moving average price is $136.15 and its 200 day moving average price is $134.38. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.49 and a current ratio of 1.31. Apollo Global Management Inc. has a one year low of $102.58 and a one year high of $157.28.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.43. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $2.39 earnings per share. As a group, sell-side analysts expect that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 19th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.8%. Apollo Global Management’s dividend payout ratio (DPR) is presently 36.96%.

Apollo Global Management Company Profile

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.