Swiss National Bank increased its position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 4.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,257,314 shares of the financial services provider's stock after buying an additional 48,400 shares during the period. Swiss National Bank owned about 0.22% of Apollo Global Management worth $167,562,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Fortress Financial Solutions LLC increased its position in shares of Apollo Global Management by 1.6% during the second quarter. Fortress Financial Solutions LLC now owns 4,561 shares of the financial services provider's stock worth $647,000 after acquiring an additional 74 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in Apollo Global Management by 44.0% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 252 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 77 shares during the last quarter. Linden Thomas Advisory Services LLC grew its stake in Apollo Global Management by 1.4% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 5,553 shares of the financial services provider's stock valued at $740,000 after purchasing an additional 78 shares in the last quarter. Cynosure Group LLC grew its stake in Apollo Global Management by 2.6% during the 3rd quarter. Cynosure Group LLC now owns 3,385 shares of the financial services provider's stock valued at $451,000 after purchasing an additional 85 shares in the last quarter. Finally, SOA Wealth Advisors LLC. increased its holdings in Apollo Global Management by 8.5% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 1,169 shares of the financial services provider's stock worth $156,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.
Key Stories Impacting Apollo Global Management
Here are the key news stories impacting Apollo Global Management this week:
Apollo Global Management Stock Performance
APO opened at $108.16 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.33. The business's 50 day moving average is $130.55 and its 200-day moving average is $132.76. The stock has a market cap of $62.54 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 0.88 and a beta of 1.61. Apollo Global Management Inc. has a twelve month low of $99.56 and a twelve month high of $157.28.
Apollo Global Management (NYSE:APO - Get Free Report) last issued its quarterly earnings data on Monday, February 9th. The financial services provider reported $2.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.04 by $0.43. Apollo Global Management had a return on equity of 15.25% and a net margin of 10.90%.During the same period last year, the business posted $2.39 earnings per share. Apollo Global Management's quarterly revenue was up .8% on a year-over-year basis. On average, analysts predict that Apollo Global Management Inc. will post 8 earnings per share for the current year.
Apollo Global Management Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 19th were paid a $0.51 dividend. The ex-dividend date of this dividend was Thursday, February 19th. This represents a $2.04 annualized dividend and a dividend yield of 1.9%. Apollo Global Management's dividend payout ratio is presently 36.96%.
Wall Street Analyst Weigh In
APO has been the topic of a number of recent analyst reports. Morgan Stanley upped their target price on Apollo Global Management from $180.00 to $181.00 and gave the company an "overweight" rating in a research report on Tuesday, February 10th. BMO Capital Markets set a $136.00 price target on shares of Apollo Global Management and gave the stock a "market perform" rating in a research report on Tuesday, November 25th. TD Cowen reaffirmed a "buy" rating on shares of Apollo Global Management in a report on Thursday, February 12th. Weiss Ratings reiterated a "hold (c)" rating on shares of Apollo Global Management in a research note on Monday, December 29th. Finally, UBS Group dropped their target price on shares of Apollo Global Management from $182.00 to $152.00 and set a "buy" rating for the company in a research report on Friday, February 20th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Apollo Global Management presently has an average rating of "Moderate Buy" and an average price target of $159.47.
View Our Latest Stock Analysis on APO
Apollo Global Management Profile
(
Free Report)
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.
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