KLP Kapitalforvaltning AS Acquires 12,200 Shares of Apollo Global Management Inc. $APO

KLP Kapitalforvaltning AS grew its holdings in Apollo Global Management Inc. (NYSE:APOFree Report) by 8.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 156,490 shares of the financial services provider’s stock after purchasing an additional 12,200 shares during the period. KLP Kapitalforvaltning AS’s holdings in Apollo Global Management were worth $20,855,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. DSM Capital Partners LLC grew its position in Apollo Global Management by 22.3% in the third quarter. DSM Capital Partners LLC now owns 12,430 shares of the financial services provider’s stock valued at $1,657,000 after acquiring an additional 2,270 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Apollo Global Management by 1.3% in the 3rd quarter. Louisiana State Employees Retirement System now owns 24,100 shares of the financial services provider’s stock valued at $3,212,000 after purchasing an additional 300 shares in the last quarter. Gladstone Institutional Advisory LLC acquired a new stake in shares of Apollo Global Management in the 3rd quarter valued at approximately $222,000. Greenleaf Trust increased its position in Apollo Global Management by 13.2% during the 3rd quarter. Greenleaf Trust now owns 3,267 shares of the financial services provider’s stock worth $435,000 after purchasing an additional 381 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in Apollo Global Management by 7.1% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 11,408 shares of the financial services provider’s stock valued at $1,520,000 after purchasing an additional 755 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Key Stories Impacting Apollo Global Management

Here are the key news stories impacting Apollo Global Management this week:

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 6,000 shares of Apollo Global Management stock in a transaction dated Monday, December 1st. The stock was 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.20% of the company’s stock.

Analyst Upgrades and Downgrades

APO has been the topic of a number of research reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $155.00 target price on shares of Apollo Global Management in a research note on Tuesday, November 25th. Wall Street Zen upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. BMO Capital Markets set a $136.00 target price on Apollo Global Management and gave the company a “market perform” rating in a research report on Tuesday, November 25th. Wolfe Research reissued an “outperform” rating on shares of Apollo Global Management in a research note on Wednesday. Finally, Keefe, Bruyette & Woods upped their price objective on Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $166.23.

Read Our Latest Research Report on Apollo Global Management

Apollo Global Management Stock Performance

Shares of APO stock opened at $144.28 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $137.86 and a two-hundred day simple moving average of $137.75. Apollo Global Management Inc. has a 12 month low of $102.58 and a 12 month high of $174.91. The firm has a market capitalization of $83.74 billion, a PE ratio of 21.09, a price-to-earnings-growth ratio of 1.32 and a beta of 1.59.

Apollo Global Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 17th were issued a $0.51 dividend. 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 dividend payout ratio is currently 29.82%.

About Apollo Global Management

(Free Report)

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.

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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