Swiss National Bank Grows Stock Position in Apollo Global Management Inc. $APO

Swiss National Bank lifted its stake in Apollo Global Management Inc. (NYSE:APO) by 8.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,208,914 shares of the financial services provider’s stock after buying an additional 91,800 shares during the period. Swiss National Bank’s holdings in Apollo Global Management were worth $171,509,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of APO. Personal CFO Solutions LLC bought a new position in Apollo Global Management during the 2nd quarter worth approximately $245,000. Amitell Capital Pte Ltd purchased a new stake in shares of Apollo Global Management during the second quarter valued at approximately $5,474,000. Prudential PLC grew its holdings in shares of Apollo Global Management by 50.6% in the second quarter. Prudential PLC now owns 9,210 shares of the financial services provider’s stock worth $1,307,000 after purchasing an additional 3,093 shares during the last quarter. Catalyst Funds Management Pty Ltd purchased a new position in shares of Apollo Global Management in the second quarter worth $284,000. Finally, Westfield Capital Management Co. LP raised its holdings in Apollo Global Management by 54.3% during the 2nd quarter. Westfield Capital Management Co. LP now owns 761,721 shares of the financial services provider’s stock valued at $108,065,000 after buying an additional 268,119 shares during the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 915,000 shares of Apollo Global Management stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the completion of the transaction, the insider owned 4,526,000 shares in the company, valued at approximately $606,619,780. The trade was a 16.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.20% of the company’s stock.

Apollo Global Management Price Performance

Shares of APO opened at $129.96 on Friday. Apollo Global Management Inc. has a fifty-two week low of $102.58 and a fifty-two week high of $189.49. The firm’s 50-day simple moving average is $129.78 and its two-hundred day simple moving average is $135.91. The stock has a market cap of $74.34 billion, a PE ratio of 24.29, a price-to-earnings-growth ratio of 1.42 and a beta of 1.63. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.27 and a current ratio of 1.27.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Monday, November 17th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, November 17th. Apollo Global Management’s dividend payout ratio (DPR) is 29.82%.

Wall Street Analysts Forecast Growth

APO has been the topic of a number of recent analyst reports. BMO Capital Markets began coverage on shares of Apollo Global Management in a report on Friday, October 3rd. They issued a “market perform” rating and a $132.00 price target on the stock. Barclays increased their target price on shares of Apollo Global Management from $147.00 to $158.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Morgan Stanley raised Apollo Global Management from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $151.00 to $180.00 in a research report on Thursday. Evercore ISI lifted their price objective on Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Finally, Citigroup reduced their target price on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $163.08.

Apollo Global Management Company Profile

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.