Mitsubishi UFJ Asset Management Co. Ltd. Buys New Shares in Apollo Global Management Inc. $APO

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Apollo Global Management Inc. (NYSE:APOFree Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,153,985 shares of the financial services provider’s stock, valued at approximately $136,528,000. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.20% of Apollo Global Management at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. OneDigital Investment Advisors LLC bought a new stake in shares of Apollo Global Management in the second quarter valued at about $262,000. Plato Investment Management Ltd bought a new stake in shares of Apollo Global Management in the 2nd quarter worth approximately $1,287,000. AMG National Trust Bank acquired a new stake in shares of Apollo Global Management during the 2nd quarter worth approximately $328,000. Uniting Wealth Partners LLC acquired a new position in shares of Apollo Global Management in the second quarter valued at $309,000. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Apollo Global Management in the second quarter valued at $38,000. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

APO has been the topic of several analyst reports. Royal Bank Of Canada boosted their price target on shares of Apollo Global Management from $137.00 to $146.00 and gave the company a “sector perform” rating in a report on Wednesday, August 5th. Keefe, Bruyette & Woods raised shares of Apollo Global Management to a “hold” rating in a research note on Monday, July 20th. TD Cowen reissued a “buy” rating on shares of Apollo Global Management in a research report on Thursday, August 6th. Barclays lifted their price objective on Apollo Global Management from $132.00 to $157.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Finally, Piper Sandler lowered their price objective on Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $152.77.

View Our Latest Research Report on APO

Insider Transactions at Apollo Global Management

In other news, insider John P. Zito sold 48,644 shares of Apollo Global Management stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the transaction, the insider owned 3,063,696 shares in the company, valued at $400,302,519.36. The trade was a 1.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $140.84, for a total value of $422,520.00. Following the completion of the transaction, the chief financial officer owned 396,533 shares of the company’s stock, valued at $55,847,707.72. This represents a 0.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 8.30% of the stock is currently owned by insiders.

Apollo Global Management Stock Down 0.5%

NYSE APO opened at $133.91 on Wednesday. The stock has a market capitalization of $79.08 billion, a P/E ratio of 49.05, a price-to-earnings-growth ratio of 1.26 and a beta of 1.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current ratio of 1.70. Apollo Global Management Inc. has a 52 week low of $99.56 and a 52 week high of $153.29. The stock has a fifty day moving average of $126.70 and a 200-day moving average of $122.72.

Apollo Global Management (NYSE:APOGet Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.16 by ($0.05). Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. The business had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.65 billion. During the same quarter in the prior year, the company earned $1.92 earnings per share. On average, equities research analysts forecast that Apollo Global Management Inc. will post 8.12 EPS for the current year.

Apollo Global Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 19th will be issued a $0.5625 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.25 annualized dividend and a dividend yield of 1.7%. Apollo Global Management’s payout ratio is 82.42%.

Apollo Global Management Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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