Daiichi Life Insurance Co. Ltd. Makes New $1.39 Million Investment in Apollo Global Management Inc. $APO

Daiichi Life Insurance Co. Ltd. purchased a new position in shares of Apollo Global Management Inc. (NYSE:APO) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 11,759 shares of the financial services provider’s stock, valued at approximately $1,391,000.

Other institutional investors have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter valued at $29,000. Osbon Capital Management LLC acquired a new position in Apollo Global Management during the 4th quarter worth about $36,000. Steigerwald Gordon & Koch Inc. grew its holdings in Apollo Global Management by 484.1% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 213 shares during the last quarter. MBM Wealth Consultants LLC bought a new stake in Apollo Global Management during the 1st quarter worth about $29,000. Finally, Keating Financial Advisory Services Inc. acquired a new stake in Apollo Global Management in the 2nd quarter valued at about $31,000. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

Shares of APO opened at $132.63 on Monday. The company’s 50-day moving average is $126.64 and its 200-day moving average is $122.68. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70. The firm has a market capitalization of $78.32 billion, a PE ratio of 48.58, a PEG ratio of 1.20 and a beta of 1.51. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $153.29.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.16 by ($0.05). The firm had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.65 billion. Apollo Global Management had a net margin of 5.22% and a return on equity of 14.01%. During the same quarter last year, the firm earned $1.92 earnings per share. Equities analysts forecast that Apollo Global Management Inc. will post 8.08 EPS for the current year.

Apollo Global Management Announces Dividend

The firm 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 dividend of $0.5625 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. Apollo Global Management’s payout ratio is 82.42%.

Insider Activity

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

Analyst Ratings Changes

A number of brokerages have weighed in on APO. Royal Bank Of Canada upped their target price on shares of Apollo Global Management from $137.00 to $146.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. BMO Capital Markets dropped their price target on shares of Apollo Global Management from $140.00 to $126.00 and set a “market perform” rating for the company in a research note on Monday, July 13th. Keefe, Bruyette & Woods upgraded Apollo Global Management to a “hold” rating in a report on Monday, July 20th. Finally, Morgan Stanley cut their target price on shares of Apollo Global Management from $165.00 to $164.00 and set an “overweight” rating on the stock in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $152.77.

Apollo Global Management 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.