Swedbank AB Purchases 147,557 Shares of Apollo Global Management Inc. $APO

Swedbank AB raised its position in Apollo Global Management Inc. (NYSE:APO) by 182.5% in the 4th quarter, Holdings Channel reports. The firm owned 228,404 shares of the financial services provider’s stock after buying an additional 147,557 shares during the period. Swedbank AB’s holdings in Apollo Global Management were worth $33,064,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Apollo Global Management by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 47,760,608 shares of the financial services provider’s stock valued at $6,913,826,000 after purchasing an additional 340,956 shares in the last quarter. Northern Trust Corp increased its stake in Apollo Global Management by 7.3% in the third quarter. Northern Trust Corp now owns 4,385,787 shares of the financial services provider’s stock valued at $584,494,000 after purchasing an additional 299,698 shares in the last quarter. Legal & General Group Plc increased its stake in Apollo Global Management by 5.7% in the third quarter. Legal & General Group Plc now owns 3,455,982 shares of the financial services provider’s stock valued at $460,579,000 after purchasing an additional 186,292 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Apollo Global Management by 2.0% in the third quarter. Bank of New York Mellon Corp now owns 2,451,537 shares of the financial services provider’s stock valued at $326,716,000 after purchasing an additional 48,053 shares in the last quarter. Finally, Bessemer Group Inc. increased its stake in Apollo Global Management by 31.1% in the third quarter. Bessemer Group Inc. now owns 1,617,228 shares of the financial services provider’s stock valued at $215,530,000 after purchasing an additional 383,198 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Royal Bank Of Canada upped their target price on shares of Apollo Global Management from $139.00 to $146.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. Evercore reissued an “outperform” rating on shares of Apollo Global Management in a research report on Tuesday, April 21st. BMO Capital Markets lowered their price objective on shares of 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. Morgan Stanley lowered their price objective on shares of Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Finally, Barclays increased their price objective on shares of Apollo Global Management from $125.00 to $131.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and an average target price of $150.38.

Apollo Global Management Stock Down 0.0%

Shares of APO stock opened at $128.50 on Monday. The firm has a fifty day moving average of $118.81 and a 200-day moving average of $127.99. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.45. Apollo Global Management Inc. has a 12-month low of $99.56 and a 12-month high of $157.28. The company has a market capitalization of $74.08 billion, a price-to-earnings ratio of 81.85, a P/E/G ratio of 1.08 and a beta of 1.52.

Apollo Global Management (NYSE:APO) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, topping the consensus estimate of $1.89 by $0.05. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The business had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the prior year, the company posted $1.82 earnings per share. The firm’s revenue was down 8.8% on a year-over-year basis. As a group, equities research analysts predict that Apollo Global Management Inc. will post 8.29 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be issued a dividend of $0.5625 per share. The ex-dividend date is Tuesday, May 19th. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.51. This represents a $2.25 annualized dividend and a yield of 1.8%. Apollo Global Management’s dividend payout ratio is currently 143.31%.

Apollo Global Management 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.