PensionDanmark Pensionsforsikringsaktieselskab Has $9.69 Million Holdings in Apollo Global Management Inc. $APO

PensionDanmark Pensionsforsikringsaktieselskab grew its position in shares of Apollo Global Management Inc. (NYSE:APO) by 11.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,880 shares of the financial services provider’s stock after acquiring an additional 8,100 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Apollo Global Management were worth $9,687,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of APO. Assenagon Asset Management S.A. lifted its holdings in shares of Apollo Global Management by 301.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 268,714 shares of the financial services provider’s stock worth $31,792,000 after purchasing an additional 201,791 shares in the last quarter. 180 Wealth Advisors LLC increased its stake in Apollo Global Management by 2.4% during the 2nd quarter. 180 Wealth Advisors LLC now owns 5,571 shares of the financial services provider’s stock valued at $659,000 after purchasing an additional 131 shares in the last quarter. Dynamic Advisor Solutions LLC increased its stake in Apollo Global Management by 11.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 5,670 shares of the financial services provider’s stock valued at $671,000 after purchasing an additional 600 shares in the last quarter. GAMMA Investing LLC increased its stake in Apollo Global Management by 48.0% during the 2nd quarter. GAMMA Investing LLC now owns 5,712 shares of the financial services provider’s stock valued at $676,000 after purchasing an additional 1,852 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Apollo Global Management by 11.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,720 shares of the financial services provider’s stock worth $203,000 after buying an additional 181 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on APO shares. TD Cowen reaffirmed a “buy” rating on shares of Apollo Global Management in a research note on Thursday. Wall Street Zen raised shares of Apollo Global Management from a “strong sell” rating to a “sell” rating in a research report on Sunday, August 2nd. Weiss Ratings cut shares of Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. BMO Capital Markets cut their price target on Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating for the company in a research note on Monday, July 13th. Finally, UBS Group boosted their price objective on Apollo Global Management from $157.00 to $172.00 and gave the stock a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Apollo Global Management has an average rating of “Moderate Buy” and a consensus target price of $152.77.

Insider Activity at Apollo Global Management

In other news, insider John P. Zito sold 48,644 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total value of $6,355,825.04. Following the transaction, the insider owned 3,063,696 shares in the company, valued at $400,302,519.36. The trade was a 1.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.30% of the stock is currently owned by corporate insiders.

Apollo Global Management Price Performance

APO opened at $127.30 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.73. The company has a market capitalization of $73.39 billion, a price-to-earnings ratio of 46.63, a P/E/G ratio of 1.13 and a beta of 1.51. The firm’s fifty day moving average price is $125.39 and its two-hundred day moving average price is $122.77. Apollo Global Management Inc. has a 1 year low of $99.56 and a 1 year high of $153.29.

Apollo Global Management (NYSE:APO) last announced its earnings results 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). Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter in the prior year, the company earned $1.92 EPS. As a group, analysts anticipate that Apollo Global Management Inc. will post 8.17 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.5625 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.25 annualized dividend and a dividend yield of 1.8%. 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.