Apollo Global Management Inc. $APO Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Apollo Global Management Inc. (NYSE:APO) by 6.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 180,502 shares of the financial services provider’s stock after acquiring an additional 11,049 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Apollo Global Management were worth $24,056,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APO. Fortress Financial Solutions LLC boosted its stake in shares of Apollo Global Management by 1.6% during the 2nd quarter. Fortress Financial Solutions LLC now owns 4,561 shares of the financial services provider’s stock worth $647,000 after acquiring an additional 74 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its stake in shares of Apollo Global Management by 44.0% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 252 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 77 shares in the last quarter. Cynosure Group LLC increased its stake in shares of Apollo Global Management by 2.6% in the 3rd quarter. Cynosure Group LLC now owns 3,385 shares of the financial services provider’s stock valued at $451,000 after purchasing an additional 85 shares in the last quarter. SOA Wealth Advisors LLC. raised its holdings in Apollo Global Management by 8.5% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 1,169 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 92 shares during the period. Finally, Tower Wealth Partners Inc. boosted its position in Apollo Global Management by 4.7% during the second quarter. Tower Wealth Partners Inc. now owns 2,086 shares of the financial services provider’s stock worth $296,000 after purchasing an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 6,000 shares of the stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $131.41, for a total value of $788,460.00. Following the completion of the sale, the chief financial officer owned 325,604 shares in the company, valued at approximately $42,787,621.64. This represents a 1.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.50% of the company’s stock.

Apollo Global Management Trading Down 3.5%

Shares of APO opened at $131.52 on Tuesday. Apollo Global Management Inc. has a 52-week low of $102.58 and a 52-week high of $174.91. The stock has a market cap of $76.34 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 1.22 and a beta of 1.59. The firm’s fifty day moving average is $141.10 and its two-hundred day moving average is $137.66. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.33.

Apollo Global Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 17th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, November 17th. Apollo Global Management’s dividend payout ratio is currently 29.82%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on APO shares. Barclays reduced their target price on Apollo Global Management from $172.00 to $168.00 and set an “overweight” rating for the company in a research note on Friday, January 9th. Wall Street Zen raised shares of Apollo Global Management from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Wolfe Research reaffirmed an “outperform” rating on shares of Apollo Global Management in a report on Wednesday, January 7th. Keefe, Bruyette & Woods lifted their target price on shares of Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Apollo Global Management in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $165.62.

About Apollo Global Management

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.