Mitsubishi UFJ Asset Management Co. Ltd. Buys 89,439 Shares of Apollo Global Management Inc. $APO

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Apollo Global Management Inc. (NYSE:APO) by 11.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 900,554 shares of the financial services provider’s stock after buying an additional 89,439 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.16% of Apollo Global Management worth $120,017,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Plato Investment Management Ltd lifted its stake in Apollo Global Management by 100.3% in the 3rd quarter. Plato Investment Management Ltd now owns 10,888 shares of the financial services provider’s stock valued at $1,440,000 after purchasing an additional 5,452 shares during the last quarter. Diversified Trust Co increased its position in Apollo Global Management by 2,649.9% during the third quarter. Diversified Trust Co now owns 42,238 shares of the financial services provider’s stock worth $5,629,000 after buying an additional 40,702 shares during the last quarter. Hsbc Holdings PLC raised its stake in Apollo Global Management by 39.2% in the second quarter. Hsbc Holdings PLC now owns 842,391 shares of the financial services provider’s stock valued at $119,482,000 after buying an additional 237,180 shares during the period. UMB Bank n.a. raised its stake in Apollo Global Management by 60.0% in the third quarter. UMB Bank n.a. now owns 109,672 shares of the financial services provider’s stock valued at $14,616,000 after buying an additional 41,142 shares during the period. Finally, Stock Yards Bank & Trust Co. lifted its position in shares of Apollo Global Management by 2,395.2% in the third quarter. Stock Yards Bank & Trust Co. now owns 124,708 shares of the financial services provider’s stock valued at $16,620,000 after buying an additional 119,710 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

APO has been the topic of a number of recent analyst reports. Wolfe Research reissued an “outperform” rating on shares of Apollo Global Management in a report on Wednesday, January 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Apollo Global Management in a report on Tuesday, February 10th. Piper Sandler reissued an “overweight” rating and issued a $165.00 price objective on shares of Apollo Global Management in a research report on Tuesday, February 10th. Royal Bank Of Canada assumed coverage on shares of Apollo Global Management in a research note on Monday. They set a “sector perform” rating and a $142.00 target price for the company. Finally, Keefe, Bruyette & Woods increased their price target on shares of Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Apollo Global Management has an average rating of “Moderate Buy” and an average price target of $161.27.

Apollo Global Management Stock Performance

Shares of NYSE:APO opened at $114.43 on Friday. The company’s 50 day simple moving average is $136.15 and its 200 day simple moving average is $134.38. The stock has a market capitalization of $66.42 billion, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 0.94 and a beta of 1.57. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.31 and a quick ratio of 1.49. Apollo Global Management Inc. has a 1 year low of $102.58 and a 1 year high of $157.28.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Monday, February 9th. The financial services provider reported $2.47 EPS for the quarter, beating the consensus estimate of $2.04 by $0.43. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.39 earnings per share. As a group, research analysts predict that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Thursday, February 19th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Thursday, February 19th. Apollo Global Management’s dividend payout ratio is currently 36.96%.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 6,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $131.41, for a total value of $788,460.00. Following the sale, the chief financial officer directly owned 325,604 shares of the company’s stock, valued at $42,787,621.64. This trade represents a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 8.20% of the stock is currently owned by corporate 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.