Bank of New York Mellon Corp boosted its stake in shares of Athene Holding Ltd (NYSE:ATH) by 69.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,949,674 shares of the insurance provider’s stock after buying an additional 802,093 shares during the period. Bank of New York Mellon Corp owned 0.97% of Athene Holding worth $97,464,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of ATH. Meridian Wealth Management LLC bought a new stake in shares of Athene Holding during the fourth quarter valued at about $348,000. Opera Trading Capital acquired a new position in Athene Holding during the first quarter valued at approximately $647,000. Capital Returns Management LLC acquired a new position in Athene Holding during the fourth quarter valued at approximately $1,044,000. DSC Advisors L.P. acquired a new position in Athene Holding during the fourth quarter valued at approximately $1,200,000. Finally, Tealwood Asset Management Inc. acquired a new position in Athene Holding during the first quarter valued at approximately $1,340,000. Hedge funds and other institutional investors own 17.16% of the company’s stock.
Athene Holding Ltd (NYSE:ATH) opened at 48.83 on Tuesday. The stock’s 50 day moving average is $52.17 and its 200 day moving average is $50.07. Athene Holding Ltd has a 12-month low of $43.25 and a 12-month high of $55.10. The stock has a market capitalization of $9.79 billion and a PE ratio of 8.97.
Several research analysts have commented on the stock. Royal Bank of Canada raised their price target on shares of Athene Holding from $54.00 to $57.00 and gave the company an “outperform” rating in a report on Friday, March 17th. BMO Capital Markets restated a “neutral” rating and set a $54.00 price objective on shares of Athene Holding in a research report on Friday, May 12th. Deutsche Bank AG lowered their price objective on shares of Athene Holding from $59.00 to $58.00 and set a “hold” rating on the stock in a research report on Wednesday, April 19th. Bank of America Corp reiterated a “buy” rating and issued a $63.00 target price (up previously from $61.00) on shares of Athene Holding in a research report on Monday, May 15th. Finally, Zacks Investment Research upgraded shares of Athene Holding from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a research report on Tuesday, May 16th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $55.62. In related news, major shareholder Apollo Management Holdings Gp, sold 12,532,624 shares of the stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $48.50, for a total transaction of $607,832,264.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
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