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

Nordea Investment Management AB increased its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 11.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Amundi lifted its position in shares of Apollo Global Management by 68.9% during the 2nd quarter. Amundi now owns 1,311,102 shares of the financial services provider’s stock worth $187,199,000 after buying an additional 534,904 shares during the last quarter. Marshall Wace LLP raised its stake in Apollo Global Management by 5,670.1% during the 2nd quarter. Marshall Wace LLP now owns 395,020 shares of the financial services provider’s stock worth $56,041,000 after acquiring an additional 388,174 shares in the last quarter. Westfield Capital Management Co. LP lifted its position in Apollo Global Management by 54.3% in the second quarter. Westfield Capital Management Co. LP now owns 761,721 shares of the financial services provider’s stock valued at $108,065,000 after acquiring an additional 268,119 shares during the last quarter. Select Equity Group L.P. lifted its position in Apollo Global Management by 52.9% in the second quarter. Select Equity Group L.P. now owns 689,212 shares of the financial services provider’s stock valued at $97,779,000 after acquiring an additional 238,327 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Apollo Global Management by 39.2% in the second quarter. Hsbc Holdings PLC now owns 842,391 shares of the financial services provider’s stock valued at $119,482,000 after acquiring an additional 237,180 shares in the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Price Performance

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

Apollo Global Management Dividend Announcement

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

Wall Street Analyst Weigh In

APO has been the subject of several research reports. Piper Sandler reissued an “overweight” rating on shares of Apollo Global Management in a report on Tuesday, October 7th. Wolfe Research reiterated an “outperform” rating on shares of Apollo Global Management in a research note on Wednesday, January 7th. Cowen restated a “buy” rating on shares of Apollo Global Management in a research report on Tuesday, November 25th. Wall Street Zen raised shares of Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Morgan Stanley upgraded shares of Apollo Global Management from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $151.00 to $180.00 in a research note on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $165.62.

Insider Activity

In related news, CFO Martin Kelly sold 6,000 shares of the stock in a transaction dated 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 directly owned 325,604 shares of the company’s stock, valued at $42,787,621.64. This represents a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 8.20% of the stock is currently owned by company insiders.

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.