Apollo Global Management Inc. $APO Shares Purchased by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co grew its holdings in Apollo Global Management Inc. (NYSE:APO) by 21.8% during the third quarter, HoldingsChannel reports. The firm owned 94,401 shares of the financial services provider’s stock after acquiring an additional 16,900 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Apollo Global Management were worth $12,581,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Amundi boosted its stake in Apollo Global Management by 68.9% during the second quarter. Amundi now owns 1,311,102 shares of the financial services provider’s stock worth $187,199,000 after buying an additional 534,904 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Apollo Global Management by 5,670.1% during the 2nd quarter. Marshall Wace LLP now owns 395,020 shares of the financial services provider’s stock worth $56,041,000 after acquiring an additional 388,174 shares during the period. Bessemer Group Inc. boosted its position in shares of Apollo Global Management by 31.1% during the 3rd quarter. Bessemer Group Inc. now owns 1,617,228 shares of the financial services provider’s stock valued at $215,530,000 after acquiring an additional 383,198 shares during the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of Apollo Global Management by 54.3% in the second quarter. Westfield Capital Management Co. LP now owns 761,721 shares of the financial services provider’s stock valued at $108,065,000 after purchasing an additional 268,119 shares during the period. Finally, Select Equity Group L.P. increased its position in Apollo Global Management by 52.9% during the second quarter. Select Equity Group L.P. now owns 689,212 shares of the financial services provider’s stock worth $97,779,000 after purchasing an additional 238,327 shares during the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Stock Down 1.3%

Shares of NYSE:APO opened at $125.31 on Friday. The firm has a market capitalization of $72.73 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 1.10 and a beta of 1.57. Apollo Global Management Inc. has a 1 year low of $102.58 and a 1 year high of $164.22. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.31 and a quick ratio of 1.49. The firm’s 50-day moving average is $141.25 and its two-hundred day moving average is $136.08.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Monday, February 9th. The financial services provider reported $2.47 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.43. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. The firm had revenue of $9.86 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the business posted $2.39 earnings per share. The business’s quarterly revenue was up .8% compared to the same quarter last year. Analysts predict that Apollo Global Management Inc. will post 8 EPS for the current year.

Apollo Global Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 19th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is 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 is currently 36.96%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Evercore boosted their target price on shares of Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. Morgan Stanley increased their price objective on Apollo Global Management from $180.00 to $181.00 and gave the stock an “overweight” rating in a research report on Tuesday. BMO Capital Markets set a $136.00 target price on Apollo Global Management and gave the stock a “market perform” rating in a research note on Tuesday, November 25th. Wolfe Research reaffirmed an “outperform” rating on shares of Apollo Global Management in a research note on Wednesday, January 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Apollo Global Management in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $164.79.

Insider Activity

In related news, CFO Martin Kelly sold 6,000 shares of Apollo Global Management stock in a transaction on Monday, December 1st. The stock was sold at an average price of $131.41, for a total value of $788,460.00. Following the completion of the transaction, the chief financial officer directly owned 325,604 shares in the company, valued at approximately $42,787,621.64. This trade represents a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.20% of the company’s stock.

Apollo Global Management 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.