96,101 Shares in Apollo Global Management Inc. $APO Purchased by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co purchased a new stake in shares of Apollo Global Management Inc. (NYSE:APO) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 96,101 shares of the financial services provider’s stock, valued at approximately $11,370,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Apollo Global Management by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 47,760,608 shares of the financial services provider’s stock worth $6,913,826,000 after purchasing an additional 340,956 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Apollo Global Management by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 10,198,837 shares of the financial services provider’s stock valued at $1,469,793,000 after purchasing an additional 200,312 shares in the last quarter. Northern Trust Corp raised its stake in shares of Apollo Global Management by 1.4% in the fourth quarter. Northern Trust Corp now owns 4,448,618 shares of the financial services provider’s stock valued at $643,982,000 after purchasing an additional 62,831 shares in the last quarter. Legal & General Group Plc lifted its position in Apollo Global Management by 4.5% in the fourth quarter. Legal & General Group Plc now owns 3,611,839 shares of the financial services provider’s stock worth $522,850,000 after purchasing an additional 155,857 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Apollo Global Management by 3.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,288,100 shares of the financial services provider’s stock worth $475,985,000 after purchasing an additional 98,945 shares during the period. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

NYSE APO opened at $132.63 on Monday. Apollo Global Management Inc. has a 1-year low of $99.56 and a 1-year high of $153.29. The company has a 50 day moving average of $126.64 and a 200-day moving average of $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. The firm has a market cap of $78.32 billion, a price-to-earnings ratio of 48.58, a PEG ratio of 1.20 and a beta of 1.51.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.The business had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter last year, the company earned $1.92 earnings per share. On average, equities analysts forecast that Apollo Global Management Inc. will post 8.08 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on APO. TD Cowen reiterated a “buy” rating on shares of Apollo Global Management in a research note on Thursday, August 6th. Barclays raised their price objective on shares of Apollo Global Management from $132.00 to $157.00 and gave the stock an “overweight” rating in a report on Wednesday, August 5th. Royal Bank Of Canada upped their target price on shares of Apollo Global Management from $137.00 to $146.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 5th. Keefe, Bruyette & Woods raised shares of Apollo Global Management to a “hold” rating in a research report on Monday, July 20th. Finally, BMO Capital Markets cut their price target on shares of 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. One 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $152.77.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 3,000 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $140.84, for a total transaction of $422,520.00. Following the transaction, the chief financial officer owned 396,533 shares in the company, valued at $55,847,707.72. This represents a 0.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John P. Zito sold 48,644 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the transaction, the insider owned 3,063,696 shares in the company, valued at approximately $400,302,519.36. This trade represents a 1.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 8.30% of the company’s stock.

Apollo Global Management Profile

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.