Mitsubishi UFJ Trust & Banking Corp Has $22.85 Million Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Mitsubishi UFJ Trust & Banking Corp cut its stake in Apollo Global Management, Inc. (NYSE:APO) by 3.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 203,196 shares of the financial services provider’s stock after selling 7,946 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Apollo Global Management were worth $22,849,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Tocqueville Asset Management L.P. raised its position in Apollo Global Management by 35.2% in the 1st quarter. Tocqueville Asset Management L.P. now owns 129,280 shares of the financial services provider’s stock valued at $14,538,000 after purchasing an additional 33,650 shares during the last quarter. J.Safra Asset Management Corp lifted its position in Apollo Global Management by 709.3% during the 1st quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock worth $39,000 after buying an additional 305 shares in the last quarter. Twin Tree Management LP grew its holdings in Apollo Global Management by 38.2% during the 1st quarter. Twin Tree Management LP now owns 487,813 shares of the financial services provider’s stock worth $54,855,000 after acquiring an additional 134,861 shares during the last quarter. Great Lakes Retirement Inc. increased its position in Apollo Global Management by 3.9% in the 1st quarter. Great Lakes Retirement Inc. now owns 7,473 shares of the financial services provider’s stock valued at $840,000 after acquiring an additional 279 shares in the last quarter. Finally, Orion Portfolio Solutions LLC raised its stake in shares of Apollo Global Management by 50.9% in the first quarter. Orion Portfolio Solutions LLC now owns 12,186 shares of the financial services provider’s stock worth $1,370,000 after acquiring an additional 4,111 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on APO. JPMorgan Chase & Co. increased their price objective on shares of Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a report on Wednesday, April 24th. Barclays dropped their price objective on Apollo Global Management from $133.00 to $131.00 and set an “overweight” rating for the company in a report on Friday, May 3rd. JMP Securities reissued a “market perform” rating on shares of Apollo Global Management in a research note on Tuesday, April 9th. BMO Capital Markets boosted their target price on Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a research report on Friday, April 5th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Apollo Global Management from $134.00 to $141.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.29.

Apollo Global Management Stock Up 0.1 %

APO traded up $0.18 on Friday, hitting $120.51. 1,746,841 shares of the company were exchanged, compared to its average volume of 2,626,907. The company has a market cap of $68.47 billion, a PE ratio of 13.35, a PEG ratio of 0.99 and a beta of 1.59. Apollo Global Management, Inc. has a 12 month low of $77.11 and a 12 month high of $124.01. The stock’s fifty day moving average is $116.88 and its 200-day moving average is $110.82. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 1.60.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.50 EPS for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.21). The business had revenue of $839.00 million for the quarter, compared to the consensus estimate of $827.33 million. Apollo Global Management had a return on equity of 19.12% and a net margin of 16.27%. Equities research analysts predict that Apollo Global Management, Inc. will post 7.11 EPS for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were issued a dividend of $0.463 per share. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.85 annualized dividend and a dividend yield of 1.54%. Apollo Global Management’s payout ratio is presently 20.49%.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 30,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $111.29, for a total transaction of $3,338,700.00. Following the transaction, the chief financial officer now owns 359,445 shares in the company, valued at approximately $40,002,634.05. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 8.50% of the stock is owned by corporate insiders.

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.