Asset Management One Co. Ltd. Grows Stock Holdings in Apollo Global Management Inc. $APO

Asset Management One Co. Ltd. grew its position in shares of Apollo Global Management Inc. (NYSE:APO) by 3.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 178,868 shares of the financial services provider’s stock after purchasing an additional 6,727 shares during the period. Asset Management One Co. Ltd.’s holdings in Apollo Global Management were worth $23,838,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of APO. Baird Financial Group Inc. grew its position in Apollo Global Management by 35.9% during the first quarter. Baird Financial Group Inc. now owns 7,409 shares of the financial services provider’s stock valued at $1,015,000 after acquiring an additional 1,957 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Apollo Global Management by 22.0% during the 1st quarter. AQR Capital Management LLC now owns 52,118 shares of the financial services provider’s stock valued at $6,933,000 after purchasing an additional 9,410 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Apollo Global Management by 1.3% during the 1st quarter. NewEdge Advisors LLC now owns 30,165 shares of the financial services provider’s stock valued at $4,131,000 after purchasing an additional 390 shares during the last quarter. UniSuper Management Pty Ltd raised its position in Apollo Global Management by 12.4% in the 1st quarter. UniSuper Management Pty Ltd now owns 33,644 shares of the financial services provider’s stock worth $4,607,000 after purchasing an additional 3,703 shares during the period. Finally, Kestra Investment Management LLC lifted its stake in Apollo Global Management by 50.3% in the first quarter. Kestra Investment Management LLC now owns 9,982 shares of the financial services provider’s stock worth $1,367,000 after purchasing an additional 3,339 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Martin Kelly sold 6,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $131.41, for a total value of $788,460.00. Following the completion of the sale, the chief financial officer directly owned 325,604 shares of the company’s stock, valued at approximately $42,787,621.64. This trade represents a 1.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 8.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. BMO Capital Markets set a $136.00 price objective on Apollo Global Management and gave the company a “market perform” rating in a research note on Tuesday, November 25th. Barclays raised their price target on Apollo Global Management from $159.00 to $172.00 and gave the stock an “overweight” rating in a research report on Friday, December 12th. Keefe, Bruyette & Woods lifted their price target on Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Cowen reissued a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, November 25th. Finally, Citigroup cut their target price on shares of Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.23.

Apollo Global Management Trading Up 2.2%

NYSE APO opened at $149.79 on Tuesday. The stock has a market cap of $86.94 billion, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 1.27 and a beta of 1.59. Apollo Global Management Inc. has a fifty-two week low of $102.58 and a fifty-two week high of $174.91. The stock has a 50 day simple moving average of $136.91 and a two-hundred day simple moving average of $137.58. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.49 and a current ratio of 1.49.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 17th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, November 17th. Apollo Global Management’s payout ratio is presently 29.82%.

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.