Nissay Asset Management Corp Japan Raises Stock Holdings in Apollo Global Management Inc. $APO

Nissay Asset Management Corp Japan increased its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 398.6% during the second quarter, HoldingsChannel.com reports. The fund owned 278,100 shares of the financial services provider’s stock after buying an additional 222,321 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in Apollo Global Management were worth $32,902,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sunbelt Securities Inc. grew its stake in Apollo Global Management by 16.9% in the 3rd quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider’s stock valued at $75,000 after purchasing an additional 82 shares during the period. Glen Eagle Advisors LLC increased its position in shares of Apollo Global Management by 33.3% during the 4th quarter. Glen Eagle Advisors LLC now owns 384 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 96 shares during the last quarter. Kestra Investment Management LLC raised its stake in shares of Apollo Global Management by 2.1% during the 4th quarter. Kestra Investment Management LLC now owns 4,725 shares of the financial services provider’s stock worth $684,000 after purchasing an additional 99 shares during the period. Ramirez Asset Management Inc. raised its stake in shares of Apollo Global Management by 25.0% during the 4th quarter. Ramirez Asset Management Inc. now owns 500 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 100 shares during the period. Finally, Prudential PLC boosted its holdings in shares of Apollo Global Management by 1.6% in the 4th quarter. Prudential PLC now owns 6,502 shares of the financial services provider’s stock worth $941,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insider Buying and Selling

In related 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 completion of the transaction, the chief financial officer directly owned 396,533 shares of the company’s stock, valued at approximately $55,847,707.72. This trade represents a 0.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.30% of the company’s stock.

Apollo Global Management Trading Up 1.5%

Shares of Apollo Global Management stock opened at $135.39 on Friday. Apollo Global Management Inc. has a 52-week low of $99.56 and a 52-week high of $153.29. The stock’s 50-day simple moving average is $126.22 and its 200 day simple moving average is $122.87. The stock has a market capitalization of $79.95 billion, a P/E ratio of 49.59, a P/E/G ratio of 1.20 and a beta of 1.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.70 and a current 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 for the quarter, missing analysts’ consensus estimates of $2.16 by ($0.05). The business had revenue of $5.57 billion for the quarter, compared to the consensus estimate 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 prior year, the business earned $1.92 EPS. As a group, research analysts anticipate 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. Investors of record on Wednesday, August 19th will be paid a dividend of $0.5625 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Wednesday, August 19th. Apollo Global Management’s dividend payout ratio is presently 82.42%.

Analysts Set New Price Targets

APO has been the subject of several research reports. TD Cowen restated a “buy” rating on shares of Apollo Global Management in a research report on Thursday, August 6th. HSBC started coverage on shares of Apollo Global Management in a research report on Monday, July 20th. They issued a “buy” rating and a $145.00 price objective on the stock. Weiss Ratings raised shares of Apollo Global Management from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, August 21st. UBS Group increased 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. Finally, BMO Capital Markets decreased 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. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus 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.