Handelsbanken Fonder AB Has $19.81 Million Holdings in Apollo Global Management Inc. $APO

Handelsbanken Fonder AB lessened its stake in Apollo Global Management Inc. (NYSE:APO) by 12.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 139,652 shares of the financial services provider’s stock after selling 20,013 shares during the quarter. Handelsbanken Fonder AB’s holdings in Apollo Global Management were worth $19,812,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Activest Wealth Management increased its stake in shares of Apollo Global Management by 875.0% in the 2nd quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 175 shares during the last quarter. Rosenberg Matthew Hamilton grew its holdings in Apollo Global Management by 6,900.0% during the second quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 207 shares during the period. Andra AP fonden bought a new stake in Apollo Global Management in the second quarter valued at approximately $31,000. Bay Harbor Wealth Management LLC increased its stake in Apollo Global Management by 5,200.0% in the second quarter. Bay Harbor Wealth Management LLC now owns 265 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 260 shares in the last quarter. Finally, Rise Advisors LLC acquired a new stake in Apollo Global Management in the first quarter worth $42,000. Institutional investors own 77.06% of the company’s stock.

Insider Buying and Selling at Apollo Global Management

In other news, insider Leon D. Black sold 915,000 shares of Apollo Global Management stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total value of $122,637,450.00. Following the sale, the insider directly owned 4,526,000 shares in the company, valued at $606,619,780. This trade represents a 16.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Keefe, Bruyette & Woods boosted their target price on Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Citigroup dropped their price target on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Apollo Global Management in a report on Monday, November 17th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Apollo Global Management in a research report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $163.08.

Apollo Global Management Stock Up 2.5%

APO stock opened at $129.96 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. The stock has a market capitalization of $74.34 billion, a P/E ratio of 24.29, a P/E/G ratio of 1.42 and a beta of 1.63. Apollo Global Management Inc. has a fifty-two week low of $102.58 and a fifty-two week high of $189.49. The business has a 50-day moving average of $129.78 and a 200-day moving average of $135.95.

Apollo Global Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Monday, November 17th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, November 17th. Apollo Global Management’s dividend payout ratio (DPR) is currently 29.82%.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.