Nykredit A S purchased a new position in Apollo Global Management Inc. (NYSE:APO – Free Report) in the second quarter, HoldingsChannel.com reports. The fund purchased 132,444 shares of the financial services provider’s stock, valued at approximately $15,669,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. MBM Wealth Consultants LLC purchased a new stake in Apollo Global Management during the 1st quarter worth about $29,000. Steigerwald Gordon & Koch Inc. lifted its holdings in Apollo Global Management by 484.1% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 213 shares in the last quarter. Keating Financial Advisory Services Inc. acquired a new stake in shares of Apollo Global Management during the 2nd quarter worth about $31,000. Osbon Capital Management LLC acquired a new stake in shares of Apollo Global Management during the 4th quarter worth about $36,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Apollo Global Management during the second quarter worth about $38,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.
Apollo Global Management Stock Performance
Shares of APO opened at $133.65 on Friday. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $153.29. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.34. The firm has a market cap of $78.93 billion, a price-to-earnings ratio of 48.96, a PEG ratio of 1.18 and a beta of 1.52. The business’s 50 day moving average is $127.03 and its two-hundred day moving average is $123.05.
Apollo Global Management Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th were given a $0.5625 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $2.25 annualized dividend and a yield of 1.7%. Apollo Global Management’s dividend payout ratio (DPR) is currently 82.42%.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on APO shares. UBS Group boosted their price objective on shares of Apollo Global Management from $157.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Wall Street Zen raised shares of Apollo Global Management from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 18th. HSBC initiated coverage on Apollo Global Management in a report on Monday, July 20th. They issued a “buy” rating and a $145.00 price target for the company. Barclays lifted their target price on Apollo Global Management from $132.00 to $157.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Finally, Keefe, Bruyette & Woods upgraded Apollo Global Management to a “hold” rating in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $152.15.
Check Out Our Latest Stock Report on APO
Insider Transactions at Apollo Global Management
In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the sale, the chief financial officer directly owned 396,533 shares in the company, valued at approximately $55,847,707.72. This trade represents a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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.
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