Danske Bank A S Makes New Investment in Apollo Global Management Inc. $APO

Key Points

• Danske Bank acquired 193,990 Apollo Global Management shares in the second quarter, worth approximately $22.95 million. Institutional investors collectively own 77.06% of APO.
• Apollo reported quarterly EPS of $2.11, below the $2.16 analyst consensus, while revenue of $5.57 billion also missed expectations of $5.65 billion. Analysts nevertheless maintain a “Moderate Buy” consensus with an average price target of $152.77.
• Apollo declared a quarterly dividend of $0.5625 per share, equivalent to an annualized $2.25 payout and a 1.7% yield. Shares recently opened at $130.29, with a 52-week range of $99.56 to $153.29.

Danske Bank A S bought a new position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 193,990 shares of the financial services provider's stock, valued at approximately $22,951,000.

Other large investors have also recently made changes to their positions in the company. Legal & General Group Plc grew its stake in Apollo Global Management by 4.5% in the fourth quarter. Legal & General Group Plc now owns 3,611,839 shares of the financial services provider's stock worth $522,850,000 after purchasing an additional 155,857 shares in the last quarter. Sandro Wealth Management LLC purchased a new position in Apollo Global Management during the 4th quarter worth $1,599,000. Vanguard Group Inc. raised its position in Apollo Global Management by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 47,760,608 shares of the financial services provider's stock valued at $6,913,826,000 after purchasing an additional 340,956 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in Apollo Global Management during the 1st quarter valued at $2,641,000. Finally, State of New Jersey Common Pension Fund D lifted its holdings in shares of Apollo Global Management by 6.5% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 148,803 shares of the financial services provider's stock worth $21,541,000 after buying an additional 9,055 shares during the period. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $130.29 on Friday. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $153.29. The company has a market cap of $76.94 billion, a PE ratio of 47.73, a P/E/G ratio of 1.20 and a beta of 1.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. The business has a 50-day simple moving average of $126.67 and a two-hundred day simple moving average of $122.68.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 EPS for the quarter, missing the consensus estimate of $2.16 by ($0.05). The company had revenue of $5.57 billion during the quarter, compared to analysts' expectations of $5.65 billion. Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. During the same period in the previous year, the business earned $1.92 earnings per share. As a group, equities analysts expect that Apollo Global Management Inc. will post 8.12 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Wednesday, August 19th will be paid a dividend of $0.5625 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.25 dividend on an annualized basis and a yield of 1.7%. Apollo Global Management's dividend payout ratio is presently 82.42%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Morgan Stanley dropped their price target on Apollo Global Management from $165.00 to $164.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 21st. Royal Bank Of Canada upped their price objective on shares of Apollo Global Management from $137.00 to $146.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 5th. HSBC assumed coverage on shares of Apollo Global Management in a report on Monday, July 20th. They set a "buy" rating and a $145.00 target price on the stock. Wall Street Zen raised shares of Apollo Global Management from a "strong sell" rating to a "hold" rating in a research report on Tuesday. Finally, UBS Group boosted their price target on shares of Apollo Global Management from $157.00 to $172.00 and gave the company a "buy" rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $152.77.

Insiders Place Their Bets

In other Apollo Global Management news, insider John P. Zito sold 48,644 shares of the firm's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total value of $6,355,825.04. Following the completion of the transaction, the insider owned 3,063,696 shares of the company's stock, valued at approximately $400,302,519.36. This trade represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 sale, the chief financial officer owned 396,533 shares of the company's stock, valued at $55,847,707.72. The trade was a 0.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 8.30% of the company's stock.

About Apollo Global Management

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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