Mitsubishi UFJ Asset Management Co. Ltd. Takes Position in Apollo Global Management Inc. $APO

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Apollo Global Management Inc. (NYSE:APO) in the 2nd quarter, Holdings Channel reports. The fund acquired 1,153,985 shares of the financial services provider’s stock, valued at approximately $136,528,000.

A number of other hedge funds have also modified their holdings of APO. Kohmann Bosshard Financial Services LLC bought a new stake in Apollo Global Management in the 4th quarter valued at approximately $29,000. MBM Wealth Consultants LLC acquired a new stake in shares of Apollo Global Management in the first quarter valued at approximately $29,000. Steigerwald Gordon & Koch Inc. raised its holdings in shares of Apollo Global Management by 484.1% in the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 213 shares during the last quarter. Osbon Capital Management LLC bought a new stake in shares of Apollo Global Management in the fourth quarter worth $36,000. Finally, Physician Wealth Advisors Inc. boosted its holdings in Apollo Global Management by 57.8% during the fourth quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 96 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Martin Kelly sold 3,000 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $140.84, for a total transaction of $422,520.00. Following the completion of the transaction, the chief financial officer owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. The trade was a 0.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John P. Zito sold 48,644 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 3,063,696 shares of the company’s stock, valued at $400,302,519.36. This represents a 1.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 8.30% of the company’s stock.

Analyst Ratings Changes

APO has been the subject of a number of analyst reports. UBS Group raised their target price on shares of Apollo Global Management from $157.00 to $172.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. TD Cowen restated a “buy” rating on shares of Apollo Global Management in a research note on Thursday, August 6th. Evercore restated an “outperform” rating on shares of Apollo Global Management in a report on Tuesday, April 21st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Apollo Global Management in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded Apollo Global Management from a “strong sell” rating to a “hold” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $152.77.

Apollo Global Management Stock Performance

APO opened at $133.91 on Wednesday. The business has a 50 day moving average price of $126.70 and a two-hundred day moving average price of $122.72. The company has a market capitalization of $79.08 billion, a price-to-earnings ratio of 49.05, a price-to-earnings-growth ratio of 1.26 and a beta of 1.51. Apollo Global Management Inc. has a 1-year low of $99.56 and a 1-year high of $153.29. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.70 and a quick ratio of 1.70.

Apollo Global Management (NYSE:APO) last issued its earnings results on Tuesday, August 4th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). The company had revenue of $5.57 billion during the quarter, compared to analyst estimates 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 firm earned $1.92 earnings per share. Research analysts predict that Apollo Global Management Inc. will post 8.12 EPS for the current fiscal year.

Apollo Global Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 19th will be paid a $0.5625 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.25 dividend on an annualized basis and a yield of 1.7%. Apollo Global Management’s dividend payout ratio (DPR) is presently 82.42%.

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.