Apollo Global Management Inc. $APO Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Apollo Global Management Inc. (NYSE:APOFree Report) by 10.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 57,866 shares of the financial services provider’s stock after acquiring an additional 5,687 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Apollo Global Management were worth $8,377,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Atlantic Union Bankshares Corp boosted its position in Apollo Global Management by 99.0% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock valued at $27,000 after buying an additional 99 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Apollo Global Management during the fourth quarter worth about $29,000. Physician Wealth Advisors Inc. lifted its stake in shares of Apollo Global Management by 57.8% in the fourth quarter. Physician Wealth Advisors Inc. now owns 262 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 96 shares in the last quarter. City Holding Co. lifted its stake in shares of Apollo Global Management by 391.9% in the fourth quarter. City Holding Co. now owns 305 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 243 shares in the last quarter. Finally, CX Institutional purchased a new position in Apollo Global Management in the third quarter valued at about $48,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management News Roundup

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

Analysts Set New Price Targets

APO has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating for the company in a research note on Tuesday, February 10th. Wall Street Zen upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Sunday, April 26th. UBS Group decreased their price objective on shares of Apollo Global Management from $182.00 to $152.00 and set a “buy” rating for the company in a report on Friday, February 20th. Royal Bank Of Canada boosted their target price on shares of Apollo Global Management from $139.00 to $146.00 and gave the stock a “sector perform” rating in a research report on Thursday. Finally, BMO Capital Markets cut their target price on shares of Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 24th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three 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 price target of $150.25.

Read Our Latest Analysis on Apollo Global Management

Apollo Global Management Stock Down 1.4%

APO opened at $127.72 on Friday. Apollo Global Management Inc. has a 12 month low of $99.56 and a 12 month high of $157.28. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.73 and a quick ratio of 1.31. The stock has a market cap of $73.85 billion, a P/E ratio of 81.35, a P/E/G ratio of 1.16 and a beta of 1.52. The stock’s 50 day moving average price is $113.74 and its 200 day moving average price is $127.41.

Apollo Global Management (NYSE:APOGet Free Report) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $1.94 EPS for the quarter, topping the consensus estimate of $1.89 by $0.05. Apollo Global Management had a return on equity of 14.43% and a net margin of 3.62%.The firm had revenue of $5.06 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the previous year, the company earned $1.82 earnings per share. The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. As a group, research analysts predict that Apollo Global Management Inc. will post 8.44 earnings per share for the current year.

Apollo Global Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be paid a $0.5625 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a $2.25 dividend on an annualized basis and a yield of 1.8%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s dividend payout ratio (DPR) is 36.96%.

Apollo Global Management Profile

(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.

See Also

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

Receive News & Ratings for Apollo Global Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Global Management and related companies with MarketBeat.com's FREE daily email newsletter.