Handelsbanken Fonder AB Increases Position in Apollo Global Management, Inc. (NYSE:APO)

Handelsbanken Fonder AB increased its position in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 56.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,708 shares of the financial services provider's stock after purchasing an additional 51,945 shares during the period. Handelsbanken Fonder AB's holdings in Apollo Global Management were worth $13,392,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Strategic Blueprint LLC raised its holdings in shares of Apollo Global Management by 42.4% in the fourth quarter. Strategic Blueprint LLC now owns 46,585 shares of the financial services provider's stock valued at $4,341,000 after purchasing an additional 13,870 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Apollo Global Management by 129.8% during the 4th quarter. Nordea Investment Management AB now owns 658,008 shares of the financial services provider's stock worth $61,497,000 after purchasing an additional 371,721 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Apollo Global Management by 39.1% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 185,206 shares of the financial services provider's stock worth $17,259,000 after buying an additional 52,063 shares during the last quarter. Raymond James & Associates grew its position in Apollo Global Management by 3.5% during the fourth quarter. Raymond James & Associates now owns 1,073,419 shares of the financial services provider's stock valued at $100,032,000 after buying an additional 36,748 shares during the period. Finally, Pathstone Family Office LLC increased its holdings in Apollo Global Management by 28.6% during the third quarter. Pathstone Family Office LLC now owns 26,993 shares of the financial services provider's stock worth $2,423,000 after buying an additional 6,000 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Apollo Global Management

In related news, insider James C. Zelter sold 150,000 shares of Apollo Global Management stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $109.16, for a total transaction of $16,374,000.00. Following the completion of the sale, the insider now owns 1,454,588 shares in the company, valued at approximately $158,782,826.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider James C. Zelter sold 150,000 shares of Apollo Global Management stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $109.16, for a total value of $16,374,000.00. Following the completion of the sale, the insider now directly owns 1,454,588 shares in the company, valued at approximately $158,782,826.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Whitney Chatterjee sold 12,000 shares of Apollo Global Management stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $111.10, for a total value of $1,333,200.00. Following the sale, the insider now directly owns 123,901 shares of the company's stock, valued at approximately $13,765,401.10. The disclosure for this sale can be found here. Insiders have sold 1,426,000 shares of company stock worth $158,226,960 over the last quarter. Insiders own 8.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Apollo Global Management from $122.00 to $123.00 and gave the company an "overweight" rating in a research report on Wednesday. JMP Securities restated a "market perform" rating on shares of Apollo Global Management in a research note on Tuesday, April 9th. BMO Capital Markets boosted their price target on shares of Apollo Global Management from $111.00 to $122.00 and gave the company an "outperform" rating in a research report on Friday, April 5th. Morgan Stanley raised their price objective on shares of Apollo Global Management from $94.00 to $99.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 24th. Finally, Barclays increased their target price on Apollo Global Management from $122.00 to $133.00 and gave the stock an "overweight" rating in a research report on Monday, April 8th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $113.33.

Apollo Global Management Stock Performance

NYSE:APO traded down $1.05 during mid-day trading on Wednesday, reaching $112.72. The company's stock had a trading volume of 1,378,996 shares, compared to its average volume of 2,345,277. The firm's fifty day moving average price is $111.29 and its two-hundred day moving average price is $98.98. The stock has a market cap of $64.04 billion, a P/E ratio of 13.40, a PEG ratio of 0.92 and a beta of 1.63. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.34. Apollo Global Management, Inc. has a 12-month low of $57.50 and a 12-month high of $117.15.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.11. The business had revenue of $795.00 million during the quarter, compared to analyst estimates of $823.27 million. Apollo Global Management had a return on equity of 20.33% and a net margin of 15.86%. On average, equities analysts forecast that Apollo Global Management, Inc. will post 7.44 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Friday, February 16th. Apollo Global Management's payout ratio is 20.45%.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.