Avanza Fonder AB Boosts Holdings in Apollo Global Management Inc. $APO

Avanza Fonder AB raised its position in shares of Apollo Global Management Inc. (NYSE:APO) by 14.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,183 shares of the financial services provider’s stock after acquiring an additional 3,978 shares during the period. Avanza Fonder AB’s holdings in Apollo Global Management were worth $4,289,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Delos Wealth Advisors LLC bought a new position in Apollo Global Management during the 2nd quarter valued at about $25,000. Activest Wealth Management boosted its position in shares of Apollo Global Management by 875.0% during the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after buying an additional 175 shares during the period. Sound Income Strategies LLC bought a new position in shares of Apollo Global Management during the third quarter valued at approximately $28,000. Rosenberg Matthew Hamilton raised its holdings in shares of Apollo Global Management by 6,900.0% in the second quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock worth $30,000 after buying an additional 207 shares during the period. Finally, Nemes Rush Group LLC bought a new stake in shares of Apollo Global Management during the 2nd quarter worth approximately $30,000. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Down 0.2%

NYSE:APO opened at $148.56 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.49. Apollo Global Management Inc. has a 1-year low of $102.58 and a 1-year high of $174.91. The company has a 50-day moving average of $134.37 and a 200 day moving average of $137.04. The firm has a market cap of $86.22 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 1.51 and a beta of 1.61.

Apollo Global Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 17th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, November 17th. Apollo Global Management’s dividend payout ratio is presently 29.82%.

Analysts Set New Price Targets

Several brokerages have commented on APO. Evercore ISI upped their price objective on Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Cowen restated a “buy” rating on shares of Apollo Global Management in a report on Tuesday, November 25th. Piper Sandler reaffirmed an “overweight” rating on shares of Apollo Global Management in a research note on Tuesday, October 7th. Barclays lifted their price objective on shares of Apollo Global Management from $159.00 to $172.00 and gave the company an “overweight” rating in a report on Friday, December 12th. Finally, Morgan Stanley upgraded shares of Apollo Global Management from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $151.00 to $180.00 in a research note on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Apollo Global Management presently has a consensus rating of “Moderate Buy” and an average target price of $166.23.

Insider Activity

In related news, CFO Martin Kelly sold 6,000 shares of Apollo Global Management stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $131.41, for a total transaction of $788,460.00. Following the transaction, the chief financial officer directly owned 325,604 shares of the company’s stock, valued at $42,787,621.64. This trade represents a 1.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 8.20% 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.