Handelsbanken Fonder AB Has $24.04 Million Holdings in Apollo Global Management Inc. $APO

Handelsbanken Fonder AB increased its holdings in Apollo Global Management Inc. (NYSE:APO) by 20.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,089 shares of the financial services provider’s stock after acquiring an additional 28,380 shares during the period. Handelsbanken Fonder AB’s holdings in Apollo Global Management were worth $24,043,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in APO. Schnieders Capital Management LLC. acquired a new stake in shares of Apollo Global Management in the 2nd quarter worth about $7,954,000. Baird Financial Group Inc. raised its holdings in shares of Apollo Global Management by 117.5% in the 2nd quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider’s stock worth $2,287,000 after acquiring an additional 8,709 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in shares of Apollo Global Management by 4.8% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider’s stock worth $949,000 after acquiring an additional 305 shares during the last quarter. Nebula Research & Development LLC acquired a new stake in shares of Apollo Global Management in the 2nd quarter worth about $722,000. Finally, Northern Right Capital Management L.P. raised its holdings in shares of Apollo Global Management by 1.5% in the 2nd quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider’s stock worth $24,542,000 after acquiring an additional 2,500 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. The Goldman Sachs Group decreased their price objective on shares of Apollo Global Management from $169.00 to $134.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Morgan Stanley decreased their price objective on shares of Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Wall Street Zen lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. decreased their price objective on shares of Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating for the company in a research note on Tuesday, February 10th. Finally, TD Cowen decreased their price objective on shares of Apollo Global Management from $155.00 to $146.00 and set a “buy” rating for the company in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $150.38.

Apollo Global Management Trading Up 0.9%

NYSE:APO opened at $132.31 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.73 and a current ratio of 1.73. The firm has a market cap of $76.28 billion, a price-to-earnings ratio of 84.28, a price-to-earnings-growth ratio of 1.10 and a beta of 1.52. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $157.28. The firm has a 50-day moving average price of $117.91 and a two-hundred day moving average price of $127.91.

Apollo Global Management (NYSE:APO) last released its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.05. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The firm had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $5.19 billion. During the same period in the prior year, the firm earned $1.82 EPS. The company’s revenue was down 8.8% compared to the same quarter last year. On average, equities analysts expect that Apollo Global Management Inc. will post 8.32 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th will be given a dividend of $0.5625 per share. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s payout ratio is currently 143.31%.

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.