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Danske Bank A S Buys 19,300 Shares of Apollo Global Management Inc. $APO

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Key Points

  • Danske Bank A/S boosted its stake in Apollo Global Management (NYSE:APO) by 10.4% in Q4, buying 19,300 shares to hold 204,490 shares valued at about $29.6 million, while institutional investors own roughly 77.1% of the stock.
  • Apollo beat Q4 EPS estimates ($2.47 vs. $2.04) and pays a $0.51 quarterly dividend (annualized $2.04, ~1.6% yield), but the company is facing heightened legal risk including a securities class action and allegations it downplayed ties to Jeffrey Epstein.
  • Interested in Apollo Global Management? Here are five stocks we like better.

Danske Bank A S grew its stake in Apollo Global Management Inc. (NYSE:APO - Free Report) by 10.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 204,490 shares of the financial services provider's stock after purchasing an additional 19,300 shares during the period. Danske Bank A S's holdings in Apollo Global Management were worth $29,602,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of APO. Schnieders Capital Management LLC. bought a new stake in shares of Apollo Global Management in the 2nd quarter valued at approximately $7,954,000. Baird Financial Group Inc. raised its holdings in shares of Apollo Global Management by 117.5% in the second quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider's stock worth $2,287,000 after buying an additional 8,709 shares during the period. Gamco Investors INC. ET AL boosted its holdings in Apollo Global Management by 4.8% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider's stock valued at $949,000 after acquiring an additional 305 shares during the period. Nebula Research & Development LLC bought a new position in Apollo Global Management in the 2nd quarter valued at $722,000. Finally, Northern Right Capital Management L.P. grew its position in Apollo Global Management by 1.5% in the 2nd quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider's stock valued at $24,542,000 after acquiring an additional 2,500 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Trading Up 1.4%

Shares of NYSE:APO opened at $130.55 on Friday. Apollo Global Management Inc. has a 12-month low of $99.56 and a 12-month high of $157.28. The business's fifty day simple moving average is $112.94 and its 200-day simple moving average is $127.29. The company has a market capitalization of $75.49 billion, a PE ratio of 23.65, a P/E/G ratio of 1.17 and a beta of 1.52. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.33.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings results on Monday, February 9th. The financial services provider reported $2.47 earnings per share (EPS) for the quarter, beating 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%.The business had revenue of $9.86 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the business posted $2.39 EPS. The business's revenue was up .8% compared to the same quarter last year. As a group, equities research analysts predict that Apollo Global Management Inc. will post 8.44 earnings per share for the current fiscal year.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 19th were issued a $0.51 dividend. The ex-dividend date was Thursday, February 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. Apollo Global Management's dividend payout ratio (DPR) is currently 36.96%.

Analyst Ratings Changes

Several brokerages have commented on APO. Royal Bank Of Canada began coverage on Apollo Global Management in a research report on Monday, February 23rd. They issued a "sector perform" rating and a $142.00 price objective on the stock. Argus raised Apollo Global Management to a "strong-buy" rating in a research report on Thursday, February 19th. The Goldman Sachs Group reduced their price objective on Apollo Global Management from $169.00 to $134.00 and set a "buy" rating on the stock in a report on Tuesday, April 7th. Morgan Stanley reduced their price objective on Apollo Global Management from $181.00 to $165.00 and set an "overweight" rating on the stock in a report on Tuesday, April 21st. Finally, Wolfe Research restated an "outperform" rating on shares of Apollo Global Management in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $149.42.

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About Apollo Global Management

(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.

See Also

Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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