193,990 Shares in Apollo Global Management Inc. $APO Acquired by Danske Bank A S

Danske Bank A S purchased a new position in shares of Apollo Global Management Inc. (NYSE:APO) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 193,990 shares of the financial services provider’s stock, valued at approximately $22,951,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Sunbelt Securities Inc. increased its stake in shares of Apollo Global Management by 16.9% in the third quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 82 shares during the period. Broadway Wealth Solutions Inc. raised its holdings in shares of Apollo Global Management by 3.8% during the fourth quarter. Broadway Wealth Solutions Inc. now owns 2,388 shares of the financial services provider’s stock worth $346,000 after purchasing an additional 87 shares during the last quarter. Physician Wealth Advisors Inc. lifted its position in Apollo Global Management by 57.8% during the fourth quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 96 shares during the period. Glen Eagle Advisors LLC lifted its position in Apollo Global Management by 33.3% during the fourth quarter. Glen Eagle Advisors LLC now owns 384 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 96 shares during the period. Finally, Kestra Investment Management LLC boosted its holdings in Apollo Global Management by 2.1% in the fourth quarter. Kestra Investment Management LLC now owns 4,725 shares of the financial services provider’s stock valued at $684,000 after purchasing an additional 99 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods raised Apollo Global Management to a “hold” rating in a research report on Monday, July 20th. HSBC initiated coverage on Apollo Global Management in a report on Monday, July 20th. They issued a “buy” rating and a $145.00 price objective for the company. UBS Group raised their target price on Apollo Global Management from $157.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. TD Cowen reiterated a “buy” rating on shares of Apollo Global Management in a research report on Thursday, August 6th. Finally, Wall Street Zen raised Apollo Global Management from a “strong sell” rating to a “hold” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $152.77.

Insiders Place Their Bets

In other Apollo Global Management news, insider John P. Zito sold 48,644 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the transaction, the insider directly owned 3,063,696 shares of the company’s stock, valued at $400,302,519.36. This trade represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the sale, the chief financial officer directly owned 396,533 shares of the company’s stock, valued at $55,847,707.72. This represents a 0.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 8.30% of the stock is currently owned by company insiders.

Apollo Global Management Stock Performance

Shares of APO stock opened at $130.29 on Friday. The company has a market capitalization of $76.94 billion, a P/E ratio of 47.73, a P/E/G ratio of 1.20 and a beta of 1.51. The business’s 50 day moving average is $126.67 and its two-hundred day moving average is $122.68. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34. Apollo Global Management Inc. has a 12-month low of $99.56 and a 12-month high of $153.29.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.16 by ($0.05). The business had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.65 billion. Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. During the same period in the previous year, the business posted $1.92 earnings per share. Analysts expect that Apollo Global Management Inc. will post 8.12 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be paid a $0.5625 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.25 dividend on an annualized basis and a yield of 1.7%. Apollo Global Management’s dividend payout ratio (DPR) is currently 82.42%.

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.