Handelsbanken Fonder AB Has $13.39 Million Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Handelsbanken Fonder AB lifted its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 56.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 143,708 shares of the financial services provider’s stock after purchasing an additional 51,945 shares during the quarter. Handelsbanken Fonder AB’s holdings in Apollo Global Management were worth $13,392,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of APO. Sugarloaf Wealth Management LLC acquired a new position in shares of Apollo Global Management during the 4th quarter worth $31,000. Blue Trust Inc. grew its stake in Apollo Global Management by 151.4% in the 4th quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock valued at $33,000 after buying an additional 221 shares during the last quarter. CVA Family Office LLC acquired a new position in Apollo Global Management in the 4th quarter valued at $34,000. Hanseatic Management Services Inc. acquired a new position in Apollo Global Management in the 3rd quarter valued at $39,000. Finally, Allworth Financial LP grew its stake in Apollo Global Management by 66.4% in the 3rd quarter. Allworth Financial LP now owns 501 shares of the financial services provider’s stock valued at $45,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Activity

In other Apollo Global Management news, insider James C. Zelter sold 150,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $109.16, for a total value of $16,374,000.00. Following the transaction, the insider now directly owns 1,454,588 shares in the company, valued at $158,782,826.08. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Apollo Global Management news, insider James C. Zelter sold 150,000 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $109.16, for a total value of $16,374,000.00. Following the transaction, the insider now directly owns 1,454,588 shares in the company, valued at $158,782,826.08. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Whitney Chatterjee sold 12,000 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $111.10, for a total transaction of $1,333,200.00. Following the completion of the transaction, the insider now directly owns 123,901 shares of the company’s stock, valued at $13,765,401.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,426,000 shares of company stock worth $158,226,960. Corporate insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Keefe, Bruyette & Woods raised their target price on shares of Apollo Global Management from $122.00 to $131.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Morgan Stanley raised their target price on shares of Apollo Global Management from $94.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Barclays raised their target price on shares of Apollo Global Management from $122.00 to $133.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. initiated coverage on shares of Apollo Global Management in a report on Wednesday, February 28th. They issued an “overweight” rating and a $122.00 price target for the company. Finally, BMO Capital Markets increased their price target on shares of Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a report on Friday, April 5th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $113.25.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock opened at $113.77 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.54 and a current ratio of 1.54. The firm’s 50-day simple moving average is $111.28 and its 200-day simple moving average is $98.88. Apollo Global Management, Inc. has a twelve month low of $57.50 and a twelve month high of $117.15. The firm has a market cap of $64.64 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 0.90 and a beta of 1.63.

Apollo Global Management (NYSE:APO) last issued its earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.11. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. The business had revenue of $795.00 million for the quarter, compared to analyst estimates of $823.27 million. As a group, research analysts expect that Apollo Global Management, Inc. will post 7.44 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th were given a dividend of $0.43 per share. The ex-dividend date was Friday, February 16th. This represents a $1.72 annualized dividend and a dividend yield of 1.51%. Apollo Global Management’s dividend payout ratio (DPR) is currently 20.45%.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.