Swedbank AB Purchases 26,300 Shares of Apollo Global Management, Inc. (NYSE:APO)

Swedbank AB increased its stake in shares of Apollo Global Management, Inc. (NYSE:APO - Free Report) by 50.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,938 shares of the financial services provider's stock after purchasing an additional 26,300 shares during the quarter. Swedbank AB's holdings in Apollo Global Management were worth $9,735,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of APO. Cullen Frost Bankers Inc. bought a new position in Apollo Global Management in the second quarter valued at about $35,000. Compagnie Lombard Odier SCmA bought a new position in shares of Apollo Global Management in the 3rd quarter valued at about $35,000. Massmutual Trust Co. FSB ADV grew its position in shares of Apollo Global Management by 293.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider's stock worth $55,000 after buying an additional 346 shares during the period. Prospera Private Wealth LLC bought a new stake in shares of Apollo Global Management during the third quarter worth approximately $80,000. Finally, Mather Group LLC. boosted its stake in Apollo Global Management by 826.9% in the second quarter. Mather Group LLC. now owns 723 shares of the financial services provider's stock valued at $81,000 after acquiring an additional 645 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company's stock.

Analysts Set New Price Targets

APO has been the topic of a number of analyst reports. Redburn Atlantic initiated coverage on Apollo Global Management in a research note on Tuesday, August 27th. They issued a "buy" rating and a $153.00 price target on the stock. Piper Sandler began coverage on Apollo Global Management in a report on Tuesday, November 19th. They set an "overweight" rating and a $188.00 target price on the stock. UBS Group raised Apollo Global Management to a "hold" rating in a research note on Wednesday, November 13th. Argus reduced their price objective on shares of Apollo Global Management from $135.00 to $125.00 and set a "buy" rating on the stock in a research note on Tuesday, August 20th. Finally, Wolfe Research assumed coverage on shares of Apollo Global Management in a research note on Wednesday, September 25th. They issued an "outperform" rating and a $139.00 target price for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, Apollo Global Management currently has a consensus rating of "Moderate Buy" and a consensus target price of $155.05.

Apollo Global Management Trading Up 0.5 %

Shares of NYSE:APO opened at $175.64 on Wednesday. The stock has a market capitalization of $99.38 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 1.73 and a beta of 1.59. The company's 50-day moving average price is $144.17 and its two-hundred day moving average price is $125.05. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. Apollo Global Management, Inc. has a one year low of $88.58 and a one year high of $176.75.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Monday, November 18th will be given a dividend of $0.463 per share. The ex-dividend date of this dividend is Monday, November 18th. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a yield of 1.05%. Apollo Global Management's dividend payout ratio is 19.33%.

Apollo Global Management Company 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.