Swedbank AB Boosts Holdings in Apollo Global Management, Inc. (NYSE:APO)

Swedbank AB lifted its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 50.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,938 shares of the financial services provider’s stock after buying an additional 26,300 shares during the period. Swedbank AB’s holdings in Apollo Global Management were worth $9,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new stake in Apollo Global Management in the second quarter valued at $35,000. Compagnie Lombard Odier SCmA acquired a new position in Apollo Global Management in the third quarter valued at about $35,000. Massmutual Trust Co. FSB ADV boosted its stake in Apollo Global Management by 293.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock worth $55,000 after buying an additional 346 shares during the period. Prospera Private Wealth LLC purchased a new position in Apollo Global Management during the third quarter worth about $80,000. Finally, Mather Group LLC. boosted its position in shares of Apollo Global Management by 826.9% during the 2nd quarter. Mather Group LLC. now owns 723 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 645 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Up 0.5 %

Apollo Global Management stock opened at $175.64 on Wednesday. The stock’s 50 day moving average price is $144.17 and its 200 day moving average price is $125.05. Apollo Global Management, Inc. has a 1-year low of $88.58 and a 1-year high of $176.75. The company has a market cap of $99.38 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 1.73 and a beta of 1.59. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 18th will be given a dividend of $0.463 per share. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Monday, November 18th. Apollo Global Management’s payout ratio is presently 19.33%.

Wall Street Analyst Weigh In

APO has been the subject of several research analyst reports. Redburn Atlantic initiated coverage on Apollo Global Management in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target for the company. StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Wednesday, November 20th. Piper Sandler assumed coverage on shares of Apollo Global Management in a research report on Tuesday, November 19th. They set an “overweight” rating and a $188.00 price target on the stock. Redburn Partners began coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $155.05.

About Apollo Global Management

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm’s private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.