Apollo Global Management Inc. $APO Shares Bought by Nordea Investment Management AB

Nordea Investment Management AB raised its holdings in Apollo Global Management Inc. (NYSE:APOFree Report) by 13.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 43,115 shares of the financial services provider’s stock after acquiring an additional 5,013 shares during the quarter. Nordea Investment Management AB’s holdings in Apollo Global Management were worth $6,262,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in APO. Everpar Advisors LLC acquired a new position in shares of Apollo Global Management during the fourth quarter valued at about $248,000. MassMutual Private Wealth & Trust FSB boosted its stake in Apollo Global Management by 5.8% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,721 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 94 shares in the last quarter. Sagespring Wealth Partners LLC grew its position in Apollo Global Management by 2.6% during the 4th quarter. Sagespring Wealth Partners LLC now owns 4,998 shares of the financial services provider’s stock worth $724,000 after purchasing an additional 126 shares during the last quarter. Everhart Financial Group Inc. purchased a new stake in Apollo Global Management during the 4th quarter worth approximately $273,000. Finally, RDA Financial Network acquired a new position in Apollo Global Management during the 4th quarter valued at approximately $210,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Performance

NYSE APO opened at $109.74 on Friday. The firm has a market capitalization of $63.46 billion, a P/E ratio of 19.88, a PEG ratio of 0.89 and a beta of 1.60. The stock has a 50-day simple moving average of $120.77 and a two-hundred day simple moving average of $130.40. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.31 and a current ratio of 1.31. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $157.28.

Apollo Global Management (NYSE:APOGet Free Report) last issued its earnings results on Monday, February 9th. The financial services provider reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.43. The firm had revenue of $9.86 billion for the quarter, compared to the consensus estimate of $1.19 billion. Apollo Global Management had a return on equity of 15.25% and a net margin of 10.90%.The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.39 earnings per share. On average, equities analysts forecast that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Announces Dividend

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

Trending Headlines about Apollo Global Management

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Analyst Upgrades and Downgrades

A number of research analysts have issued reports on APO shares. Morgan Stanley raised their price target on shares of Apollo Global Management from $180.00 to $181.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. UBS Group cut their target price on Apollo Global Management from $182.00 to $152.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, February 10th. JPMorgan Chase & Co. dropped their price target on Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 10th. Finally, TD Cowen reissued a “buy” rating on shares of Apollo Global Management in a report on Thursday, February 12th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $158.13.

Check Out Our Latest Stock Report on APO

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.

See Also

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

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