Skandinaviska Enskilda Banken AB publ Has $20.64 Million Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Skandinaviska Enskilda Banken AB publ reduced its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 3.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 174,771 shares of the financial services provider’s stock after selling 5,341 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Apollo Global Management were worth $20,635,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. DSM Capital Partners LLC acquired a new stake in shares of Apollo Global Management during the 4th quarter worth $31,000. True Wealth Design LLC acquired a new stake in shares of Apollo Global Management during the 4th quarter worth $33,000. Cullen Frost Bankers Inc. acquired a new stake in Apollo Global Management in the second quarter valued at about $35,000. Carolinas Wealth Consulting LLC acquired a new stake in Apollo Global Management in the fourth quarter valued at about $38,000. Finally, J.Safra Asset Management Corp boosted its stake in Apollo Global Management by 709.3% in the first quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock valued at $39,000 after buying an additional 305 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Redburn Atlantic assumed coverage on Apollo Global Management in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective on the stock. Barclays reduced their price objective on Apollo Global Management from $131.00 to $128.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Redburn Partners assumed coverage on Apollo Global Management in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective on the stock. Argus reduced their price objective on 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, Evercore ISI raised their price objective on Apollo Global Management from $128.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $129.06.

Apollo Global Management Price Performance

Shares of APO opened at $124.54 on Friday. Apollo Global Management, Inc. has a 1 year low of $77.11 and a 1 year high of $126.45. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market capitalization of $70.76 billion, a price-to-earnings ratio of 13.79, a price-to-earnings-growth ratio of 1.13 and a beta of 1.61. The business has a 50-day moving average of $113.56 and a 200-day moving average of $113.57.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. The company had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $873.18 million. During the same quarter last year, the business earned $1.54 earnings per share. As a group, equities research analysts anticipate that Apollo Global Management, Inc. will post 6.62 earnings per share for the current year.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 16th were given a dividend of $0.4625 per share. The ex-dividend date was Friday, August 16th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.49%. Apollo Global Management’s dividend payout ratio (DPR) is 20.49%.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, Director Pauline Richards bought 2,351 shares of the stock in a transaction on Tuesday, August 6th. The stock was acquired at an average cost of $104.92 per share, for a total transaction of $246,666.92. Following the completion of the acquisition, the director now owns 85,854 shares in the company, valued at approximately $9,007,801.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 8.50% of the stock is owned by corporate insiders.

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.