Tokio Marine Asset Management Co. Ltd. Raises Holdings in Apollo Global Management, Inc. (NYSE:APO)

Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 6.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,516 shares of the financial services provider’s stock after buying an additional 612 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Apollo Global Management were worth $980,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. FMR LLC grew its holdings in Apollo Global Management by 18.9% in the third quarter. FMR LLC now owns 9,948,454 shares of the financial services provider’s stock worth $892,973,000 after purchasing an additional 1,584,201 shares during the last quarter. Mariner LLC grew its holdings in Apollo Global Management by 0.3% in the third quarter. Mariner LLC now owns 3,648,342 shares of the financial services provider’s stock worth $327,475,000 after purchasing an additional 9,962 shares during the last quarter. Northern Trust Corp grew its holdings in Apollo Global Management by 2.5% in the third quarter. Northern Trust Corp now owns 2,968,775 shares of the financial services provider’s stock worth $266,477,000 after purchasing an additional 72,111 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Apollo Global Management by 5.8% in the third quarter. Bank of New York Mellon Corp now owns 2,121,839 shares of the financial services provider’s stock worth $190,456,000 after purchasing an additional 116,062 shares during the last quarter. Finally, William Blair Investment Management LLC grew its holdings in Apollo Global Management by 11.2% in the third quarter. William Blair Investment Management LLC now owns 1,902,972 shares of the financial services provider’s stock worth $170,811,000 after purchasing an additional 191,881 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 500,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $111.44, for a total transaction of $55,720,000.00. Following the completion of the sale, the insider now directly owns 44,104,773 shares of the company’s stock, valued at approximately $4,915,035,903.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Apollo Global Management news, insider Leon D. Black sold 500,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $111.44, for a total transaction of $55,720,000.00. Following the transaction, the insider now owns 44,104,773 shares in the company, valued at approximately $4,915,035,903.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin Kelly sold 14,000 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $109.09, for a total value of $1,527,260.00. Following the completion of the sale, the chief financial officer now owns 366,572 shares in the company, valued at approximately $39,989,339.48. The disclosure for this sale can be found here. Insiders sold a total of 1,426,000 shares of company stock valued at $158,226,960 in the last ninety days. Insiders own 8.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on APO. Morgan Stanley lifted their price objective on shares of Apollo Global Management from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. BMO Capital Markets lifted their price objective on shares of Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. Wells Fargo & Company lifted their price objective on shares of Apollo Global Management from $110.00 to $118.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Keefe, Bruyette & Woods lifted their price objective on shares of Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Finally, Barclays lifted their price objective on shares of Apollo Global Management from $122.00 to $133.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and an average target price of $113.33.

Apollo Global Management Trading Up 0.3 %

NYSE:APO opened at $112.19 on Friday. The stock has a 50-day simple moving average of $111.23 and a 200-day simple moving average of $99.23. The stock has a market cap of $63.74 billion, a P/E ratio of 13.34, a P/E/G ratio of 0.94 and a beta of 1.63. Apollo Global Management, Inc. has a 1 year low of $57.50 and a 1 year high of $117.15. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.54 and a current ratio of 1.54.

Apollo Global Management (NYSE:APO) last posted its earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.11. Apollo Global Management had a return on equity of 20.33% and a net margin of 15.86%. The business had revenue of $795.00 million during the quarter, compared to the consensus estimate of $823.27 million. As a group, analysts anticipate that Apollo Global Management, Inc. will post 7.44 earnings per share for the current fiscal year.

Apollo Global Management Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Friday, February 16th. Apollo Global Management’s dividend payout ratio is presently 20.45%.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.