Nippon Life Global Investors Americas Inc. Grows Stock Holdings in Apollo Global Management Inc. $APO

Nippon Life Global Investors Americas Inc. grew its position in Apollo Global Management Inc. (NYSE:APO) by 82.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 89,270 shares of the financial services provider’s stock after buying an additional 40,360 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Apollo Global Management were worth $11,897,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Delos Wealth Advisors LLC acquired a new stake in Apollo Global Management in the second quarter valued at approximately $25,000. Activest Wealth Management increased its holdings in shares of Apollo Global Management by 875.0% during the second quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 175 shares in the last quarter. Sound Income Strategies LLC purchased a new position in shares of Apollo Global Management in the 3rd quarter valued at approximately $28,000. SJS Investment Consulting Inc. grew its position in Apollo Global Management by 1,123.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 191 shares during the last quarter. Finally, Rosenberg Matthew Hamilton increased its stake in Apollo Global Management by 6,900.0% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 207 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

APO has been the topic of a number of research analyst reports. 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 reiterated an “outperform” rating on shares of Apollo Global Management in a research note on Wednesday, January 7th. Citigroup decreased their target price on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, October 13th. Keefe, Bruyette & Woods lifted their price objective on shares of Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $155.00 target price on shares of Apollo Global Management in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.62.

Apollo Global Management Stock Down 0.1%

Shares of NYSE APO opened at $144.01 on Friday. The firm has a market cap of $83.59 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 1.29 and a beta of 1.59. The company’s 50-day simple moving average is $140.13 and its 200-day simple moving average is $137.98. Apollo Global Management Inc. has a 52-week low of $102.58 and a 52-week high of $174.91. 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 business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 17th were given a $0.51 dividend. The ex-dividend date was Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.4%. Apollo Global Management’s dividend payout ratio is 29.82%.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 6,000 shares of Apollo Global Management stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $131.41, for a total transaction of $788,460.00. Following the transaction, the chief financial officer owned 325,604 shares in the company, valued at approximately $42,787,621.64. This trade represents a 1.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 8.20% of the company’s stock.

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.