Nissay Asset Management Corp Japan lifted its stake in shares of Apollo Global Management Inc. (NYSE:APO – Free Report) by 398.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,100 shares of the financial services provider’s stock after purchasing an additional 222,321 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in Apollo Global Management were worth $32,902,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Schnieders Capital Management LLC. bought a new position in Apollo Global Management in the second quarter worth approximately $7,954,000. Baird Financial Group Inc. increased its holdings in shares of Apollo Global Management by 117.5% during the second quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider’s stock valued at $2,287,000 after acquiring an additional 8,709 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Apollo Global Management by 4.8% during the second quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider’s stock valued at $949,000 after acquiring an additional 305 shares in the last quarter. Nebula Research & Development LLC acquired a new position in shares of Apollo Global Management during the second quarter worth approximately $722,000. Finally, Northern Right Capital Management L.P. raised its position in shares of Apollo Global Management by 1.5% during the second quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider’s stock worth $24,542,000 after purchasing an additional 2,500 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.
Apollo Global Management Trading Up 1.5%
Shares of Apollo Global Management stock opened at $135.39 on Friday. The stock has a fifty day simple moving average of $126.22 and a 200 day simple moving average of $122.87. Apollo Global Management Inc. has a 12-month low of $99.56 and a 12-month high of $153.29. The company has a market capitalization of $79.95 billion, a P/E ratio of 49.59, a price-to-earnings-growth ratio of 1.20 and a beta of 1.51. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34.
Apollo Global Management Dividend Announcement
The company also recently announced 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 is Wednesday, August 19th. This represents a $2.25 annualized dividend and a dividend yield of 1.7%. Apollo Global Management’s dividend payout ratio is currently 82.42%.
Analysts Set New Price Targets
Several analysts recently issued reports on the stock. Morgan Stanley reduced their price target on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating for the company in a research report on Tuesday, July 21st. Piper Sandler lowered their price objective on shares of Apollo Global Management from $157.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. Keefe, Bruyette & Woods raised shares of Apollo Global Management to a “hold” rating in a research note on Monday, July 20th. Barclays lifted their price objective on shares of Apollo Global Management from $132.00 to $157.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Finally, HSBC began coverage on shares of Apollo Global Management in a research report on Monday, July 20th. They set a “buy” rating and a $145.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $152.77.
View Our Latest Stock Report on Apollo Global Management
Insider Buying and Selling at Apollo Global Management
In related news, CFO Martin Kelly sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were 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 of the company’s stock, valued at $55,847,707.72. This trade represents 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 available at this link. 8.30% of the stock is owned by insiders.
Apollo Global Management Company Profile
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.
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