PensionDanmark Pensionsforsikringsaktieselskab Has $9.69 Million Stake in Apollo Global Management Inc. $APO

Key Points

• PensionDanmark increased its Apollo Global Management stake by 11% in the second quarter, ending with 81,880 shares valued at approximately $9.69 million. Institutional investors and hedge funds collectively own 77.06% of Apollo’s stock.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $152.77, although recent targets have been mixed.
• Apollo reported quarterly EPS of $2.11, slightly below the $2.16 consensus estimate, and declared a quarterly dividend of $0.5625, equivalent to an annualized yield of about 1.8%.

PensionDanmark Pensionsforsikringsaktieselskab raised its stake in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 11.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 81,880 shares of the financial services provider's stock after purchasing an additional 8,100 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab's holdings in Apollo Global Management were worth $9,687,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Apollo Global Management in the 4th quarter valued at about $29,000. MBM Wealth Consultants LLC bought a new stake in Apollo Global Management in the first quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. increased its position in Apollo Global Management by 484.1% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 213 shares during the period. Osbon Capital Management LLC acquired a new stake in Apollo Global Management during the 4th quarter valued at approximately $36,000. Finally, Physician Wealth Advisors Inc. raised its holdings in Apollo Global Management by 57.8% during the 4th quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider's stock worth $38,000 after purchasing an additional 96 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider John P. Zito sold 48,644 shares of the company's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the transaction, the insider owned 3,063,696 shares in the company, valued at approximately $400,302,519.36. This represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.30% of the company's stock.

Analyst Ratings Changes

APO has been the topic of a number of recent analyst reports. BMO Capital Markets dropped their price target on shares of Apollo Global Management from $140.00 to $126.00 and set a "market perform" rating on the stock in a research report on Monday, July 13th. Barclays lifted their target price on shares of Apollo Global Management from $132.00 to $157.00 and gave the stock an "overweight" rating in a research note on Wednesday. Keefe, Bruyette & Woods upgraded shares of Apollo Global Management to a "hold" rating in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Apollo Global Management in a research report on Thursday, May 7th. Finally, Morgan Stanley lowered their price objective on Apollo Global Management from $165.00 to $164.00 and set an "overweight" rating for the company in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $152.77.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $127.30 on Friday. The stock has a market capitalization of $73.39 billion, a price-to-earnings ratio of 46.63, a PEG ratio of 1.13 and a beta of 1.51. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $153.29. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.73 and a current ratio of 1.70. The stock's 50 day moving average price is $125.39 and its two-hundred day moving average price is $122.77.

Apollo Global Management (NYSE:APO - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.16 by ($0.05). Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same quarter in the prior year, the firm earned $1.92 EPS. On average, equities analysts predict that Apollo Global Management Inc. will post 8.17 earnings per share for the current 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 issued a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Wednesday, August 19th. Apollo Global Management's dividend payout ratio (DPR) is presently 82.42%.

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.

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