Apollo Global Management Inc. $APO Shares Acquired by DNB Asset Management AS

DNB Asset Management AS increased its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 12.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 363,131 shares of the financial services provider’s stock after purchasing an additional 39,032 shares during the quarter. DNB Asset Management AS owned 0.06% of Apollo Global Management worth $48,394,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of APO. Delos Wealth Advisors LLC acquired a new stake in shares of Apollo Global Management in the 2nd quarter worth $25,000. Atlantic Union Bankshares Corp lifted its position in Apollo Global Management by 99.0% in the third quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 99 shares during the period. Sound Income Strategies LLC acquired a new stake in Apollo Global Management in the third quarter valued at about $28,000. SJS Investment Consulting Inc. boosted its holdings in Apollo Global Management by 1,123.5% in the 3rd quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 191 shares in the last quarter. Finally, Nemes Rush Group LLC acquired a new position in Apollo Global Management during the 2nd quarter worth approximately $30,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

APO has been the subject of several recent analyst reports. Evercore raised their price target on Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. The Goldman Sachs Group reiterated a “buy” rating and issued a $165.00 price objective on shares of Apollo Global Management in a research report on Monday, February 9th. Morgan Stanley boosted their target price on shares of Apollo Global Management from $180.00 to $181.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a research note on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, February 10th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $161.27.

Insider Buying and Selling

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

Apollo Global Management Price Performance

Apollo Global Management stock opened at $114.43 on Friday. The firm has a market capitalization of $66.42 billion, a PE ratio of 20.73, a P/E/G ratio of 0.94 and a beta of 1.57. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $157.28. The firm’s 50-day simple moving average is $136.15 and its 200 day simple moving average is $134.38. The company has a quick ratio of 1.49, a current ratio of 1.31 and a debt-to-equity ratio of 0.33.

Apollo Global Management (NYSE:APO) last posted its earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.43. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. During the same quarter in the prior year, the company posted $2.39 earnings per share. Apollo Global Management’s revenue was up .8% on a year-over-year basis. On average, equities research analysts predict that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Thursday, February 19th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $2.04 dividend on an annualized basis and a yield of 1.8%. Apollo Global Management’s dividend payout ratio is presently 36.96%.

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.