Sumitomo Mitsui DS Asset Management Company Ltd Has $8.38 Million Stock Holdings in Apollo Global Management Inc. $APO

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Apollo Global Management Inc. (NYSE:APOFree Report) by 10.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 57,866 shares of the financial services provider’s stock after buying 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 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of APO. Atlantic Union Bankshares Corp boosted its position in Apollo Global Management by 99.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 99 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Apollo Global Management in the 4th quarter valued at about $29,000. Physician Wealth Advisors Inc. lifted its position 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 purchasing an additional 96 shares in the last quarter. City Holding Co. boosted its holdings in shares of Apollo Global Management by 391.9% during the fourth quarter. City Holding Co. now owns 305 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 243 shares during the period. Finally, CX Institutional purchased a new position in Apollo Global Management during the third quarter valued at approximately $48,000. 77.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on APO. Morgan Stanley dropped their price objective on shares of Apollo Global Management from $181.00 to $165.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. JPMorgan Chase & Co. lowered their price target on shares of Apollo Global Management from $164.00 to $162.00 and set an “overweight” rating on the stock in a report on Tuesday, February 10th. BMO Capital Markets dropped their price target 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. UBS Group cut their price objective on Apollo Global Management from $182.00 to $152.00 and set a “buy” rating for the company in a report on Friday, February 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Apollo Global Management in a research report on Thursday. One 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.25.

Check Out Our Latest Research Report on Apollo Global Management

Apollo Global Management News Roundup

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

Apollo Global Management Trading Down 1.4%

Shares of APO stock 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 market cap of $73.85 billion, a PE ratio of 81.35, a price-to-earnings-growth ratio of 1.16 and a beta of 1.52. The company has a quick ratio of 1.31, a current ratio of 1.73 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $113.74 and its two-hundred day moving average is $127.41.

Apollo Global Management (NYSE:APOGet 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, topping analysts’ consensus estimates of $1.89 by $0.05. The business had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5.19 billion. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. Apollo Global Management’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.82 earnings per share. Equities analysts predict that Apollo Global Management Inc. will post 8.44 EPS for the current year.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Tuesday, May 19th will be given a dividend of $0.5625 per share. 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 presently 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

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

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