Apollo Global Management Inc. $APO Holdings Lifted by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. boosted its holdings in Apollo Global Management Inc. (NYSE:APO) by 177.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 339,157 shares of the financial services provider’s stock after purchasing an additional 216,966 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Apollo Global Management were worth $39,363,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Apollo Global Management by 4.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider’s stock valued at $669,372,000 after acquiring an additional 234,517 shares during the last quarter. Boston Partners grew its position in Apollo Global Management by 106.7% during the 4th quarter. Boston Partners now owns 3,278,862 shares of the financial services provider’s stock worth $474,384,000 after acquiring an additional 1,692,532 shares during the last quarter. Legal & General Group Plc purchased a new position in Apollo Global Management in the 2nd quarter worth approximately $459,987,000. Mariner LLC lifted its position in Apollo Global Management by 15.9% in the fourth quarter. Mariner LLC now owns 2,433,623 shares of the financial services provider’s stock valued at $355,001,000 after purchasing an additional 334,031 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Apollo Global Management in the second quarter valued at approximately $336,644,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Stock Performance

Shares of APO opened at $115.34 on Friday. The company has a 50-day simple moving average of $128.41 and a two-hundred day simple moving average of $125.01. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. The firm has a market capitalization of $68.11 billion, a PE ratio of 42.25, a price-to-earnings-growth ratio of 1.02 and a beta of 1.58. Apollo Global Management Inc. has a one year low of $99.56 and a one year high of $153.29.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%.The business had revenue of $5.57 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter last year, the company posted $1.92 EPS. On average, analysts anticipate that Apollo Global Management Inc. will post 8.03 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 19th were given a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 19th. Apollo Global Management’s dividend payout ratio (DPR) is 82.42%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on APO shares. TD Cowen restated a “buy” rating on shares of Apollo Global Management in a report on Thursday, August 6th. Keefe, Bruyette & Woods upgraded shares of Apollo Global Management to a “hold” rating in a report on Monday, July 20th. Barclays increased their price target on shares of Apollo Global Management from $132.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada raised their price target on shares of Apollo Global Management from $137.00 to $146.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 5th. Finally, Morgan Stanley lowered their price objective on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a research note on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and an average price target of $150.36.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 3,000 shares of Apollo Global Management stock in a transaction on Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the completion of the transaction, the chief financial officer owned 396,533 shares in the company, valued at approximately $55,847,707.72. The trade was a 0.75% 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. 8.30% of the stock is currently owned by company insiders.

About Apollo Global Management

Apollo Global Management, Inc (NYSE: APO) is a global alternative asset manager that provides investment management and related services to institutional investors, companies, family offices and individual investors. The firm invests across private equity, credit and real assets, with strategies spanning corporate lending, private and public debt, infrastructure, real estate and other long-term investments.

Apollo also manages retirement and insurance-related assets through Athene, a retirement services company affiliated with Apollo.