Korea Investment CORP Buys 40,600 Shares of Apollo Global Management Inc. $APO

Korea Investment CORP lifted its stake in Apollo Global Management Inc. (NYSE:APOFree Report) by 39.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 142,823 shares of the financial services provider’s stock after acquiring an additional 40,600 shares during the quarter. Korea Investment CORP’s holdings in Apollo Global Management were worth $19,034,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Apollo Global Management by 3.0% during the third quarter. Vanguard Group Inc. now owns 47,419,652 shares of the financial services provider’s stock worth $6,319,617,000 after acquiring an additional 1,377,545 shares during the period. Amundi increased its stake in shares of Apollo Global Management by 68.9% during the second quarter. Amundi now owns 1,311,102 shares of the financial services provider’s stock worth $187,199,000 after purchasing an additional 534,904 shares during the period. Marshall Wace LLP increased its stake in shares of Apollo Global Management by 5,670.1% during the second quarter. Marshall Wace LLP now owns 395,020 shares of the financial services provider’s stock worth $56,041,000 after purchasing an additional 388,174 shares during the period. Bessemer Group Inc. lifted its holdings in Apollo Global Management by 31.1% during 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 during the last quarter. Finally, Bahl & Gaynor Inc. lifted its holdings in Apollo Global Management by 62.0% during 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 during the last quarter. Institutional investors own 77.06% of the company’s stock.

More Apollo Global Management News

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Apollo Global Management Price Performance

Apollo Global Management stock opened at $108.23 on Wednesday. The firm has a market cap of $62.59 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 0.87 and a beta of 1.61. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.31 and a quick ratio of 1.31. The stock’s fifty day moving average price is $129.79 and its two-hundred day moving average price is $132.58. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $157.28.

Apollo Global Management (NYSE:APOGet Free Report) last released its earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.43. Apollo Global Management had a return on equity of 15.25% and a net margin of 10.90%.During the same quarter last year, the company posted $2.39 EPS. The company’s revenue was up .8% on a year-over-year basis. As a group, research analysts expect that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 19th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Thursday, February 19th. Apollo Global Management’s dividend payout ratio is presently 36.96%.

Analysts Set New Price Targets

A number of brokerages have commented on APO. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Apollo Global Management in a report on Monday, February 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Apollo Global Management in a report on Tuesday, February 10th. JPMorgan Chase & Co. reduced their target price on shares of 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 restated an “overweight” rating and issued a $165.00 price target on shares of Apollo Global Management in a research note on Tuesday, February 10th. Finally, Barclays lowered their price target on shares of Apollo Global Management from $158.00 to $131.00 and set an “overweight” rating on the stock in a research report on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $159.47.

Check Out Our Latest Stock Analysis on Apollo Global Management

About Apollo Global Management

(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.

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

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