Resona Asset Management Co. Ltd. Has $18.35 Million Stake in Apollo Global Management Inc. $APO

Resona Asset Management Co. Ltd. lifted its position in shares of Apollo Global Management Inc. (NYSE:APO) by 4.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 136,834 shares of the financial services provider’s stock after purchasing an additional 5,892 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Apollo Global Management were worth $18,353,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of APO. Delos Wealth Advisors LLC bought a new stake in Apollo Global Management in the 2nd quarter valued at approximately $25,000. Activest Wealth Management grew its stake in shares of Apollo Global Management by 875.0% during the 2nd quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 175 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in shares of Apollo Global Management in the third quarter valued at approximately $28,000. SJS Investment Consulting Inc. lifted its position in shares of Apollo Global Management by 1,123.5% in the third quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 191 shares in the last quarter. Finally, Rosenberg Matthew Hamilton boosted its holdings in Apollo Global Management by 6,900.0% during the second quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 207 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Wall Street Zen upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Piper Sandler reissued an “overweight” rating on shares of Apollo Global Management in a research note on Tuesday, October 7th. Barclays cut their price target on shares of Apollo Global Management from $172.00 to $168.00 and set an “overweight” rating for the company in a research note on Friday, January 9th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $155.00 price objective on shares of Apollo Global Management in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Apollo Global Management presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.62.

Apollo Global Management Price Performance

NYSE:APO opened at $136.30 on Friday. The company has a market cap of $79.11 billion, a P/E ratio of 19.93, a P/E/G ratio of 1.22 and a beta of 1.59. The firm’s fifty day moving average price is $140.96 and its two-hundred day moving average price is $137.84. Apollo Global Management Inc. has a one year low of $102.58 and a one year high of $174.91. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.49.

Apollo Global Management Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Monday, November 17th were paid a $0.51 dividend. The ex-dividend date was Monday, November 17th. This represents a $2.04 dividend on an annualized basis and a yield of 1.5%. Apollo Global Management’s dividend payout ratio is 29.82%.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $131.41, for a total transaction of $788,460.00. Following the completion of the sale, the chief financial officer directly owned 325,604 shares in the company, valued at $42,787,621.64. This trade represents a 1.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.20% of the stock is currently owned by corporate insiders.

Apollo Global Management Profile

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.