Tokio Marine Asset Management Co. Ltd. Buys 612 Shares of Apollo Global Management, Inc. (NYSE:APO)

Tokio Marine Asset Management Co. Ltd. lifted its stake in Apollo Global Management, Inc. (NYSE:APO) by 6.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 10,516 shares of the financial services provider’s stock after acquiring an additional 612 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Apollo Global Management were worth $980,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC acquired a new position in Apollo Global Management in the fourth quarter worth about $31,000. Blue Trust Inc. raised its position in Apollo Global Management by 151.4% in the fourth quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 221 shares in the last quarter. CVA Family Office LLC acquired a new position in Apollo Global Management in the fourth quarter worth about $34,000. Hanseatic Management Services Inc. acquired a new position in Apollo Global Management in the third quarter worth about $39,000. Finally, Allworth Financial LP raised its position in Apollo Global Management by 66.4% in the third quarter. Allworth Financial LP now owns 501 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on APO. JPMorgan Chase & Co. raised their price objective on shares of Apollo Global Management from $122.00 to $123.00 and gave the stock an “overweight” rating in a report on Wednesday. JMP Securities reaffirmed a “market perform” rating on shares of Apollo Global Management in a report on Tuesday, April 9th. Keefe, Bruyette & Woods raised their price objective on shares of Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Barclays raised their price objective on shares of Apollo Global Management from $122.00 to $133.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Finally, BMO Capital Markets raised their price objective on shares of Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. Four 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.33.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 14,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $109.09, for a total value of $1,527,260.00. Following the transaction, the chief financial officer now directly owns 366,572 shares of the company’s stock, valued at $39,989,339.48. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Leon D. Black sold 450,000 shares of Apollo Global Management stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $110.71, for a total transaction of $49,819,500.00. Following the transaction, the insider now directly owns 42,604,773 shares of the company’s stock, valued at $4,716,774,418.83. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Martin Kelly sold 14,000 shares of Apollo Global Management stock in a transaction on Monday, February 12th. The stock was sold at an average price of $109.09, for a total transaction of $1,527,260.00. Following the transaction, the chief financial officer now directly owns 366,572 shares in the company, valued at $39,989,339.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,426,000 shares of company stock valued at $158,226,960. 8.70% of the stock is currently owned by insiders.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock opened at $112.19 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.54 and a quick ratio of 1.54. The firm 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. The firm has a 50 day simple moving average of $111.23 and a 200 day simple moving average of $99.23. Apollo Global Management, Inc. has a fifty-two week low of $57.50 and a fifty-two week high of $117.15.

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

Apollo Global Management Announces Dividend

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

Apollo Global Management Company 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.