Apollo Global Management Inc. $APO Shares Purchased by Danske Bank A S

Danske Bank A S lifted its holdings in Apollo Global Management Inc. (NYSE:APOFree Report) by 10.4% in the fourth quarter, Holdings Channel reports. The firm owned 204,490 shares of the financial services provider’s stock after buying an additional 19,300 shares during the period. Danske Bank A S’s holdings in Apollo Global Management were worth $29,602,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in APO. Vanguard Group Inc. boosted its position in shares of Apollo Global Management by 3.0% in the 3rd quarter. Vanguard Group Inc. now owns 47,419,652 shares of the financial services provider’s stock worth $6,319,617,000 after purchasing an additional 1,377,545 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of Apollo Global Management by 31.1% in the 3rd quarter. Bessemer Group Inc. now owns 1,617,228 shares of the financial services provider’s stock worth $215,530,000 after purchasing an additional 383,198 shares in the last quarter. Bahl & Gaynor Inc. boosted its position in shares of Apollo Global Management by 62.0% in the 3rd quarter. Bahl & Gaynor Inc. now owns 996,727 shares of the financial services provider’s stock worth $132,834,000 after purchasing an additional 381,479 shares in the last quarter. Northern Trust Corp boosted its position in shares of Apollo Global Management by 7.3% in the 3rd quarter. Northern Trust Corp now owns 4,385,787 shares of the financial services provider’s stock worth $584,494,000 after purchasing an additional 299,698 shares in the last quarter. Finally, Select Equity Group L.P. boosted its position in shares of Apollo Global Management by 52.9% in the 2nd quarter. Select Equity Group L.P. now owns 689,212 shares of the financial services provider’s stock worth $97,779,000 after purchasing an additional 238,327 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Wall Street Zen raised Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Sunday, April 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Apollo Global Management in a research report on Tuesday, February 10th. JPMorgan Chase & Co. lowered their price target on Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating for the company in a research report on Tuesday, February 10th. Piper Sandler lowered their price target on Apollo Global Management from $165.00 to $146.00 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. Finally, BMO Capital Markets lowered their price target on Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating for the company in a research report on Tuesday, March 24th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $149.42.

Check Out Our Latest Report on APO

More Apollo Global Management News

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Apollo Global Management Stock Performance

Shares of APO stock opened at $130.55 on Friday. The stock has a market cap of $75.49 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 1.17 and a beta of 1.52. The business has a 50-day simple moving average of $112.94 and a 200-day simple moving average of $127.29. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.33. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $157.28.

Apollo Global Management (NYSE:APOGet Free Report) last issued 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. The business had revenue of $9.86 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Apollo Global Management had a return on equity of 15.25% and a net margin of 10.90%.The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.39 EPS. On average, equities analysts expect that Apollo Global Management Inc. will post 8.44 EPS for the current year.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 19th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, February 19th. Apollo Global Management’s payout ratio is 36.96%.

Apollo Global Management 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.

See Also

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

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