Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 60,300 Shares of Apollo Global Management Inc. $APO

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Apollo Global Management Inc. (NYSE:APO) by 74.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 141,465 shares of the financial services provider’s stock after acquiring an additional 60,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Apollo Global Management were worth $15,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Schnieders Capital Management LLC. acquired a new position in Apollo Global Management in the second quarter valued at approximately $7,954,000. Baird Financial Group Inc. raised its stake in shares of Apollo Global Management by 117.5% during the 2nd quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider’s stock worth $2,287,000 after purchasing an additional 8,709 shares during the period. Gamco Investors INC. ET AL increased its stake in shares of Apollo Global Management by 4.8% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider’s stock worth $949,000 after purchasing an additional 305 shares during the last quarter. Nebula Research & Development LLC purchased a new stake in Apollo Global Management in the 2nd quarter worth about $722,000. Finally, Northern Right Capital Management L.P. grew its stake in Apollo Global Management by 1.5% in the 2nd quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider’s stock valued at $24,542,000 after buying an additional 2,500 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Trading Up 0.1%

Apollo Global Management stock opened at $118.71 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.45. The business’s fifty day simple moving average is $128.79 and its two-hundred day simple moving average is $126.95. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $157.28. The company has a market capitalization of $68.44 billion, a price-to-earnings ratio of 75.61, a price-to-earnings-growth ratio of 1.02 and a beta of 1.50.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.05. The business had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $5.19 billion. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The business’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.82 EPS. As a group, equities analysts predict that Apollo Global Management Inc. will post 8.26 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were issued a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, May 19th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s dividend payout ratio (DPR) is presently 143.31%.

Insiders Place Their Bets

In related news, insider John P. Zito sold 48,644 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total value of $6,355,825.04. Following the completion of the sale, the insider directly owned 3,063,696 shares of the company’s stock, valued at $400,302,519.36. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Evercore reiterated an “outperform” rating on shares of Apollo Global Management in a research report on Tuesday, April 21st. The Goldman Sachs Group decreased their price objective on shares of Apollo Global Management from $169.00 to $134.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. UBS Group lifted their target price on shares of Apollo Global Management from $138.00 to $158.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Piper Sandler boosted their price target on shares of Apollo Global Management from $146.00 to $157.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Finally, TD Cowen decreased their price target on shares of Apollo Global Management from $155.00 to $146.00 and set a “buy” rating on the stock in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.23.

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.