Daiwa Securities Group Inc. Raises Position in Apollo Global Management Inc. $APO

Daiwa Securities Group Inc. boosted its position in Apollo Global Management Inc. (NYSE:APO) by 6.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,634 shares of the financial services provider’s stock after purchasing an additional 3,834 shares during the period. Daiwa Securities Group Inc.’s holdings in Apollo Global Management were worth $9,028,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of APO. Charles Schwab Investment Management Inc. raised its stake in shares of Apollo Global Management by 1.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,050,164 shares of the financial services provider’s stock valued at $432,727,000 after buying an additional 36,866 shares during the period. Boston Partners bought a new position in shares of Apollo Global Management during the 1st quarter worth $370,543,000. Alliancebernstein L.P. increased its holdings in Apollo Global Management by 33.0% in the 1st quarter. Alliancebernstein L.P. now owns 2,473,614 shares of the financial services provider’s stock worth $338,737,000 after acquiring an additional 613,124 shares during the last quarter. Amundi lifted its holdings in Apollo Global Management by 68.9% during the second quarter. Amundi now owns 1,311,102 shares of the financial services provider’s stock valued at $187,199,000 after purchasing an additional 534,904 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in Apollo Global Management by 8.2% during the second quarter. Swiss National Bank now owns 1,208,914 shares of the financial services provider’s stock valued at $171,509,000 after purchasing an additional 91,800 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Martin Kelly sold 6,000 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $131.41, for a total value of $788,460.00. Following the transaction, the chief financial officer owned 325,604 shares of the company’s stock, valued at $42,787,621.64. This represents a 1.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.20% of the stock is currently owned by corporate insiders.

Apollo Global Management Stock Performance

Shares of APO opened at $148.68 on Thursday. Apollo Global Management Inc. has a 12-month low of $102.58 and a 12-month high of $179.48. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33. The company has a market cap of $86.30 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 1.41 and a beta of 1.61. The stock has a 50-day moving average price of $128.73 and a 200-day moving average price of $135.71.

Apollo Global Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 17th were given a dividend of $0.51 per share. The ex-dividend date was Monday, November 17th. This represents a $2.04 annualized dividend and a yield of 1.4%. Apollo Global Management’s payout ratio is presently 29.82%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. UBS Group set a $186.00 target price on shares of Apollo Global Management in a research note on Thursday. BMO Capital Markets set a $136.00 price objective on shares of Apollo Global Management and gave the company a “market perform” rating in a research note on Tuesday, November 25th. Cowen restated a “buy” rating on shares of Apollo Global Management in a research report on Tuesday, November 25th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $155.00 price target on shares of Apollo Global Management in a report on Tuesday, November 25th. Finally, Barclays boosted their price objective on Apollo Global Management from $158.00 to $159.00 and gave the company an “overweight” rating in a research note on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus target price of $165.23.

Apollo Global Management Company Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity, infrastructure, secondaries and real estate markets. The firm prefers to invest in private and public 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, venture capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.