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Mitsubishi UFJ Asset Management Co. Ltd. Acquires 61,477 Shares of Apollo Global Management Inc. $APO

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Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Apollo Global Management Inc. (NYSE:APO - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 962,031 shares of the financial services provider's stock after purchasing an additional 61,477 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.17% of Apollo Global Management worth $141,043,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Chesapeake Asset Management LLC raised its position in Apollo Global Management by 3.6% during the fourth quarter. Chesapeake Asset Management LLC now owns 2,065 shares of the financial services provider's stock worth $299,000 after acquiring an additional 72 shares in the last quarter. Linden Thomas Advisory Services LLC raised its position in Apollo Global Management by 1.4% during the third quarter. Linden Thomas Advisory Services LLC now owns 5,553 shares of the financial services provider's stock worth $740,000 after acquiring an additional 78 shares in the last quarter. Mitchell & Pahl Private Wealth LLC raised its position in Apollo Global Management by 0.8% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 9,553 shares of the financial services provider's stock worth $1,383,000 after acquiring an additional 80 shares in the last quarter. Sunbelt Securities Inc. raised its position in Apollo Global Management by 16.9% during the third quarter. Sunbelt Securities Inc. now owns 566 shares of the financial services provider's stock worth $75,000 after acquiring an additional 82 shares in the last quarter. Finally, United Advisor Group LLC raised its position in Apollo Global Management by 4.7% during the fourth quarter. United Advisor Group LLC now owns 1,948 shares of the financial services provider's stock worth $282,000 after acquiring an additional 87 shares in the last quarter. Institutional investors own 77.06% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wall Street Zen raised shares of Apollo Global Management from a "sell" rating to a "hold" rating in a research report on Sunday, April 26th. The Goldman Sachs Group dropped their price target on shares of Apollo Global Management from $169.00 to $134.00 and set a "buy" rating on the stock in a research report on Tuesday, April 7th. Royal Bank Of Canada assumed coverage on shares of Apollo Global Management in a research report on Monday, February 23rd. They set a "sector perform" rating and a $142.00 price target on the stock. Piper Sandler dropped their price target on shares of Apollo Global Management from $165.00 to $146.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Apollo Global Management in a research report on Tuesday, February 10th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $149.42.

Check Out Our Latest Analysis on APO

Apollo Global Management News Summary

Here are the key news stories impacting Apollo Global Management this week:

Apollo Global Management Price Performance

Shares of APO opened at $129.59 on Thursday. The firm has a market capitalization of $74.94 billion, a PE ratio of 23.48, a PEG ratio of 1.17 and a beta of 1.52. The company's 50-day moving average is $113.47 and its 200-day moving average is $127.37. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $157.28. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.31 and a quick ratio of 1.31.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.05. The company had revenue of $5.06 billion for the quarter, compared to analyst estimates of $5.19 billion. Apollo Global Management had a net margin of 10.90% and a return on equity of 15.25%. The company's revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.82 earnings per share. Equities analysts forecast that Apollo Global Management Inc. will post 8.44 EPS for the current year.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Tuesday, May 19th will be given a $0.5625 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This is a boost from Apollo Global Management's previous quarterly dividend of $0.51. This represents a $2.25 annualized dividend and a dividend yield of 1.7%. Apollo Global Management's payout ratio is currently 36.96%.

About Apollo Global Management

(Free Report)

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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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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