Korea Investment CORP Has $19.03 Million Stock Holdings in Apollo Global Management Inc. $APO

Korea Investment CORP boosted its position in Apollo Global Management Inc. (NYSE:APOFree Report) by 39.7% during the third quarter, HoldingsChannel.com reports. The fund owned 142,823 shares of the financial services provider’s stock after buying an additional 40,600 shares during the quarter. Korea Investment CORP’s holdings in Apollo Global Management were worth $19,034,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Fortress Financial Solutions LLC lifted its stake in Apollo Global Management by 1.6% during the second quarter. Fortress Financial Solutions LLC now owns 4,561 shares of the financial services provider’s stock worth $647,000 after purchasing an additional 74 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in shares of Apollo Global Management by 44.0% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 252 shares of the financial services provider’s stock worth $36,000 after buying an additional 77 shares in the last quarter. Linden Thomas Advisory Services LLC raised its holdings in shares of Apollo Global Management by 1.4% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 5,553 shares of the financial services provider’s stock worth $740,000 after buying an additional 78 shares in the last quarter. Cynosure Group LLC lifted its position in shares of Apollo Global Management by 2.6% during the 3rd quarter. Cynosure Group LLC now owns 3,385 shares of the financial services provider’s stock worth $451,000 after buying an additional 85 shares during the last quarter. Finally, SOA Wealth Advisors LLC. boosted its stake in Apollo Global Management by 8.5% in the third quarter. SOA Wealth Advisors LLC. now owns 1,169 shares of the financial services provider’s stock valued at $156,000 after buying an additional 92 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on APO. UBS Group lowered their target price on Apollo Global Management from $182.00 to $152.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Royal Bank Of Canada started coverage on shares of Apollo Global Management in a report on Monday, February 23rd. They set a “sector perform” rating and a $142.00 price target on the stock. Barclays dropped their price objective on shares of Apollo Global Management from $158.00 to $131.00 and set an “overweight” rating for the company in a research note on Monday, March 2nd. Argus upgraded shares of Apollo Global Management to a “strong-buy” rating in a research report on Thursday, February 19th. Finally, Morgan Stanley boosted their target price on shares of Apollo Global Management from $180.00 to $181.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $159.47.

Read Our Latest Stock Analysis on APO

Apollo Global Management News Summary

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

Apollo Global Management Stock Performance

Shares of APO stock opened at $108.23 on Wednesday. The firm has a market capitalization of $62.59 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 0.87 and a beta of 1.61. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.33. The business’s 50-day moving average price is $129.79 and its 200-day moving average price is $132.58. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $157.28.

Apollo Global Management (NYSE:APOGet Free Report) last released its quarterly earnings data on Monday, February 9th. The financial services provider reported $2.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.43. Apollo Global Management had a return on equity of 15.25% and a net margin of 10.90%.Apollo Global Management’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the company earned $2.39 earnings per share. Equities research analysts forecast that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 19th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, February 19th. Apollo Global Management’s payout ratio is presently 36.96%.

Apollo Global Management Company Profile

(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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