Daiichi Life Insurance Co. Ltd. Takes $1.39 Million Position in Apollo Global Management Inc. $APO

Key Points

• Daiichi Life Insurance acquired 11,759 shares of Apollo Global Management, valued at approximately $1.39 million, while institutional investors collectively own 77.06% of APO.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $152.77, above the reported share price of $132.63.
• Apollo reported quarterly earnings of $2.11 per share and revenue of $5.57 billion, both slightly below estimates. The company announced a quarterly dividend of $0.5625, equivalent to a 1.7% yield.

Daiichi Life Insurance Co. Ltd. acquired a new stake in Apollo Global Management Inc. (NYSE:APO - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 11,759 shares of the financial services provider's stock, valued at approximately $1,391,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in APO. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Apollo Global Management during the 4th quarter valued at about $29,000. MBM Wealth Consultants LLC acquired a new stake in Apollo Global Management in the 1st quarter worth approximately $29,000. Steigerwald Gordon & Koch Inc. boosted its position in Apollo Global Management by 484.1% during the first quarter. Steigerwald Gordon & Koch Inc. now owns 257 shares of the financial services provider's stock worth $29,000 after purchasing an additional 213 shares during the period. Keating Financial Advisory Services Inc. bought a new stake in Apollo Global Management during the second quarter worth approximately $31,000. Finally, Osbon Capital Management LLC acquired a new position in Apollo Global Management during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 77.06% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on APO. Keefe, Bruyette & Woods raised shares of Apollo Global Management to a "hold" rating in a research report on Monday, July 20th. TD Cowen reiterated a "buy" rating on shares of Apollo Global Management in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Apollo Global Management in a research report on Thursday, May 7th. Piper Sandler decreased their price target on shares of Apollo Global Management from $157.00 to $156.00 and set an "overweight" rating for the company in a report on Monday, July 13th. Finally, Morgan Stanley lowered their price target on Apollo Global Management from $165.00 to $164.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Apollo Global Management presently has a consensus rating of "Moderate Buy" and a consensus price target of $152.77.

Apollo Global Management Trading Down 0.0%

Shares of APO stock opened at $132.63 on Monday. The firm has a market capitalization of $78.32 billion, a P/E ratio of 48.58, a price-to-earnings-growth ratio of 1.20 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 firm's fifty day simple moving average is $126.64 and its 200 day simple moving average is $122.68. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.34.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its quarterly 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 company 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 period last year, the company earned $1.92 earnings per share. As a group, sell-side analysts predict that Apollo Global Management Inc. will post 8.08 EPS for the current year.

Apollo Global Management Dividend Announcement

The business 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. This represents a $2.25 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, August 19th. Apollo Global Management's dividend payout ratio (DPR) is presently 82.42%.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, insider John P. Zito sold 48,644 shares of the company's stock in a transaction that occurred on Wednesday, May 27th. The stock was 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. This represents a 1.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Martin Kelly sold 3,000 shares of Apollo Global Management stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $140.84, for a total value of $422,520.00. Following the sale, the chief financial officer directly owned 396,533 shares in the company, valued at $55,847,707.72. The trade was a 0.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 8.30% of the stock is owned by company insiders.

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.

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