Vanguard Group Inc. significantly increased its stake in APi Group Corporation (NYSE:APG) by 49.6% in the third quarter, bringing its total ownership to 35,138,767 shares valued at approximately $1.21 billion. Other institutional investors also adjusted their holdings in APi Group, which currently has a market capitalization of $18.56 billion and a “Moderate Buy” consensus rating from analysts with an average price target of $43.24. An insider, Director Anthony E. Malkin, recently purchased 3,000 shares, increasing his direct ownership in the company.
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Vanguard Group Inc. Has $1.21 Billion Stock Position in APi Group Corporation $APG
Vanguard Group Inc. significantly increased its stake in APi Group Corporation (NYSE:APG) by 49.6% in the third quarter, bringing its total ownership to 35,138,767 shares valued at approximately $1.21 billion. Other institutional investors also adjusted their holdings in APi Group, which currently has a market capitalization of $18.56 billion and a “Moderate Buy” consensus rating from analysts with an average price target of $43.24. An insider, Director Anthony E. Malkin, recently purchased 3,000 shares, increasing his direct ownership in the company.