DNB Asset Management AS Purchases 6,952 Shares of Apollo Global Management Inc. $APO

DNB Asset Management AS raised its position in Apollo Global Management Inc. (NYSE:APO) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 370,083 shares of the financial services provider’s stock after purchasing an additional 6,952 shares during the period. DNB Asset Management AS owned approximately 0.06% of Apollo Global Management worth $53,573,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of APO. Vanguard Group Inc. increased its stake in Apollo Global Management by 3.0% in the third quarter. Vanguard Group Inc. now owns 47,419,652 shares of the financial services provider’s stock valued at $6,319,617,000 after purchasing an additional 1,377,545 shares in the last quarter. Bessemer Group Inc. increased its stake in Apollo Global Management by 31.1% in the third quarter. Bessemer Group Inc. now owns 1,617,228 shares of the financial services provider’s stock valued at $215,530,000 after purchasing an additional 383,198 shares in the last quarter. Bahl & Gaynor Inc. increased its stake in Apollo Global Management by 62.0% in the third quarter. Bahl & Gaynor Inc. now owns 996,727 shares of the financial services provider’s stock valued at $132,834,000 after purchasing an additional 381,479 shares in the last quarter. Northern Trust Corp increased its stake in Apollo Global Management by 7.3% in the third quarter. Northern Trust Corp now owns 4,385,787 shares of the financial services provider’s stock valued at $584,494,000 after purchasing an additional 299,698 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new stake in shares of Apollo Global Management during the fourth quarter worth $40,454,000. Institutional investors own 77.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Evercore reissued an “outperform” rating on shares of Apollo Global Management in a research report on Tuesday, April 21st. Morgan Stanley lowered their price objective on shares of Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Apollo Global Management in a research report on Thursday, May 7th. Weiss Ratings downgraded shares of Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. Finally, The Goldman Sachs Group lowered their price objective on shares of Apollo Global Management from $169.00 to $134.00 and set a “buy” rating for the company in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $150.75.

Apollo Global Management Stock Performance

Shares of APO stock opened at $135.23 on Friday. The stock has a market cap of $77.96 billion, a P/E ratio of 86.13, a P/E/G ratio of 1.13 and a beta of 1.52. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 1.73. The company has a fifty day moving average price of $116.51 and a two-hundred day moving average price of $127.73. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $157.28.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.05. The firm had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The company’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.82 earnings per share. As a group, equities analysts predict that Apollo Global Management Inc. will post 8.37 EPS for the current year.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th will be paid a $0.5625 dividend. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. This represents a $2.25 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, May 19th. Apollo Global Management’s dividend payout ratio is 129.94%.

Apollo Global Management Company 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.