Swedbank AB Buys 2,862 Shares of Apollo Global Management Inc. $APO

Key Points

• Swedbank AB increased its holdings in Apollo Global Management by 3.7%, totaling 80,131 shares worth approximately $11.37 million as reported in their latest SEC filings.
• Apollo Global Management reported an earnings per share (EPS) of $1.92 for the last quarter, exceeding analyst expectations of $1.84.
• The company has recently declared a quarterly dividend of $0.51, which translates to an annualized dividend of $2.04 and a yield of 1.4%.

Swedbank AB boosted its holdings in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,131 shares of the financial services provider's stock after buying an additional 2,862 shares during the period. Swedbank AB's holdings in Apollo Global Management were worth $11,368,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in APO. Waverly Advisors LLC bought a new stake in Apollo Global Management during the fourth quarter valued at $270,000. Focus Partners Advisor Solutions LLC bought a new stake in Apollo Global Management during the fourth quarter valued at $371,000. Vise Technologies Inc. lifted its stake in Apollo Global Management by 102.7% during the fourth quarter. Vise Technologies Inc. now owns 3,258 shares of the financial services provider's stock worth $538,000 after purchasing an additional 1,651 shares during the last quarter. Fourth Dimension Wealth LLC bought a new stake in Apollo Global Management during the fourth quarter worth about $25,000. Finally, Mackenzie Financial Corp lifted its stake in Apollo Global Management by 4.7% during the fourth quarter. Mackenzie Financial Corp now owns 182,047 shares of the financial services provider's stock worth $30,067,000 after purchasing an additional 8,239 shares during the last quarter. Institutional investors own 77.06% of the company's stock.

Insiders Place Their Bets

In other Apollo Global Management news, insider Whitney Chatterjee sold 4,500 shares of the company's stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $146.03, for a total transaction of $657,135.00. Following the transaction, the insider owned 83,192 shares in the company, valued at approximately $12,148,527.76. This represents a 5.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Leon D. Black sold 915,000 shares of the company's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $134.03, for a total value of $122,637,450.00. Following the transaction, the insider owned 4,526,000 shares in the company, valued at $606,619,780. This trade represents a 16.82% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 935,000 shares of company stock worth $125,543,790. Company insiders own 8.50% of the company's stock.

Apollo Global Management Trading Down 0.6%

NYSE:APO traded down $0.91 during mid-day trading on Monday, reaching $143.84. 2,805,226 shares of the company's stock traded hands, compared to its average volume of 3,350,670. Apollo Global Management Inc. has a 12-month low of $102.58 and a 12-month high of $189.49. The firm has a market capitalization of $82.28 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 1.56 and a beta of 1.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. The company has a 50 day moving average price of $141.33 and a 200-day moving average price of $137.00.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.84 by $0.08. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.The company had revenue of $6,550,000 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the previous year, the business earned $1.64 EPS. On average, sell-side analysts predict that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Monday, August 18th were issued a dividend of $0.51 per share. The ex-dividend date was Monday, August 18th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.4%. Apollo Global Management's dividend payout ratio is 38.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Wall Street Zen raised Apollo Global Management from a "sell" rating to a "hold" rating in a research note on Saturday, August 16th. Evercore ISI lifted their price target on Apollo Global Management from $155.00 to $160.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Barclays lifted their price target on Apollo Global Management from $156.00 to $168.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Citigroup lifted their price target on Apollo Global Management from $160.00 to $170.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. Finally, Wells Fargo & Company lifted their price target on Apollo Global Management from $160.00 to $173.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $164.56.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.