103,326 Apollo Global Management Inc. $APO Shares Purchased by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Apollo Global Management Inc. (NYSE:APO – Free Report) by 174.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 162,715 shares of the financial services provider’s stock after acquiring an additional 103,326 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Apollo Global Management were worth $18,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Apollo Global Management by 4.3% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,657,781 shares of the financial services provider’s stock worth $669,372,000 after buying an additional 234,517 shares during the last quarter. Legal & General Group Plc bought a new position in Apollo Global Management during the 2nd quarter valued at about $459,987,000. Bank of New York Mellon Corp purchased a new stake in shares of Apollo Global Management during the 2nd quarter valued at about $336,644,000. Temasek Holdings Private Ltd boosted its holdings in shares of Apollo Global Management by 214.4% during the 1st quarter. Temasek Holdings Private Ltd now owns 2,368,162 shares of the financial services provider’s stock valued at $263,861,000 after acquiring an additional 1,614,813 shares during the last quarter. Finally, Curated Wealth Partners LLC boosted its holdings in shares of Apollo Global Management by 91.8% during the 3rd quarter. Curated Wealth Partners LLC now owns 2,205,762 shares of the financial services provider’s stock valued at $255,887,000 after acquiring an additional 1,055,818 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Stock Up 0.4%

Shares of APO stock opened at $111.36 on Wednesday. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $153.29. The stock has a market cap of $65.76 billion, a P/E ratio of 40.79, a P/E/G ratio of 0.99 and a beta of 1.58. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34. The company has a 50 day simple moving average of $125.77 and a two-hundred day simple moving average of $125.23.

Apollo Global Management (NYSE:APO – Get Free Report) last released its quarterly earnings results 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). The business had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.65 billion. Apollo Global Management had a return on equity of 14.01% and a net margin of 5.22%. During the same quarter in the previous year, the business posted $1.92 earnings per share. On average, research analysts expect that Apollo Global Management Inc. will post 7.99 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 19th were issued a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, August 19th. Apollo Global Management’s dividend payout ratio (DPR) is currently 82.42%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on APO. Weiss Ratings upgraded shares of Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Keefe, Bruyette & Woods upgraded shares of Apollo Global Management to a “hold” rating in a research report on Monday, July 20th. UBS Group lowered their price objective on shares of Apollo Global Management from $172.00 to $163.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. Evercore raised their target price on shares of Apollo Global Management from $145.00 to $146.00 in a report on Thursday, October 8th. Finally, Wells Fargo & Company began coverage on shares of Apollo Global Management in a research report on Friday, October 2nd. They issued an “equal weight” rating and a $127.00 target price for the company. Fourteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.90.

Read Our Latest Research Report on Apollo Global Management

Insider Buying and Selling

In related news, CFO Martin Kelly sold 3,000 shares of Apollo Global Management stock in a transaction on Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the transaction, the chief financial officer directly owned 396,533 shares in the company, valued at approximately $55,847,707.72. The trade was a 0.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.30% of the company’s stock.

Apollo Global Management Profile

(Free Report)

Apollo Global Management, Inc (NYSE:APO) is a global alternative asset manager that provides investment solutions to institutions, companies and individual investors. The firm manages strategies across private equity, credit, real assets, infrastructure, secondaries and other alternative investments.

Apollo invests across a range of industries and geographies, supporting companies through buyouts, growth investments, structured financing and other forms of private capital. Its credit business provides lending and fixed-income solutions, while its real assets and infrastructure strategies focus on areas such as energy, transportation, communications and other essential services.

The company was founded in 1990 by Leon Black, Josh Harris and Marc Rowan.

Further Reading

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

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