Varma Mutual Pension Insurance Co Increases Position in Apollo Global Management Inc. $APO

Varma Mutual Pension Insurance Co lifted its position in Apollo Global Management Inc. (NYSE:APO) by 21.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,401 shares of the financial services provider’s stock after acquiring an additional 16,900 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Apollo Global Management were worth $12,581,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its stake in shares of Apollo Global Management by 15.7% in the second quarter. Blue Trust Inc. now owns 1,155 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 157 shares during the last quarter. CWM LLC increased its holdings in Apollo Global Management by 15.8% in the 2nd quarter. CWM LLC now owns 9,170 shares of the financial services provider’s stock worth $1,301,000 after buying an additional 1,254 shares during the period. NorthRock Partners LLC boosted its holdings in shares of Apollo Global Management by 89.3% in the 2nd quarter. NorthRock Partners LLC now owns 3,126 shares of the financial services provider’s stock valued at $443,000 after acquiring an additional 1,475 shares during the last quarter. Axxcess Wealth Management LLC increased its stake in shares of Apollo Global Management by 0.8% in the second quarter. Axxcess Wealth Management LLC now owns 18,613 shares of the financial services provider’s stock worth $2,641,000 after acquiring an additional 154 shares during the period. Finally, RFG Advisory LLC raised its holdings in shares of Apollo Global Management by 3.1% during the second quarter. RFG Advisory LLC now owns 15,704 shares of the financial services provider’s stock worth $2,228,000 after purchasing an additional 467 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $125.31 on Friday. The stock has a market capitalization of $72.73 billion, a P/E ratio of 22.70, a P/E/G ratio of 1.10 and a beta of 1.57. The company’s fifty day moving average price is $141.25 and its 200 day moving average price is $136.08. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.49 and a current ratio of 1.31. Apollo Global Management Inc. has a 1 year low of $102.58 and a 1 year high of $164.22.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Monday, February 9th. The financial services provider reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.43. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. The company had revenue of $9.86 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same period in the prior year, the business posted $2.39 earnings per share. The firm’s revenue for the quarter was up .8% on a year-over-year basis. As a group, equities research analysts anticipate that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Thursday, February 19th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.6%. The ex-dividend date is Thursday, February 19th. Apollo Global Management’s payout ratio is 36.96%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. TD Cowen reaffirmed a “buy” rating on shares of Apollo Global Management in a research report on Thursday. Barclays dropped their target price on Apollo Global Management from $168.00 to $158.00 and set an “overweight” rating on the stock in a report on Tuesday. Wolfe Research reissued an “outperform” rating on shares of Apollo Global Management in a report on Wednesday, January 7th. Piper Sandler reaffirmed an “overweight” rating and set a $165.00 price objective on shares of Apollo Global Management in a research note on Tuesday. Finally, Wall Street Zen upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and an average price target of $164.79.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $131.41, for a total value of $788,460.00. Following the transaction, the chief financial officer owned 325,604 shares in the company, valued at $42,787,621.64. This trade represents a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 8.20% of the stock is owned by insiders.

About Apollo Global Management

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.