Meiji Yasuda Asset Management Co Ltd. Has $3.53 Million Stock Position in Apollo Global Management Inc. $APO

Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 1,137.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,355 shares of the financial services provider’s stock after buying an additional 22,387 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Apollo Global Management were worth $3,526,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Schnieders Capital Management LLC. acquired a new position in Apollo Global Management during the 2nd quarter valued at about $7,954,000. Baird Financial Group Inc. lifted its position in Apollo Global Management by 117.5% during the 2nd quarter. Baird Financial Group Inc. now owns 16,118 shares of the financial services provider’s stock valued at $2,287,000 after purchasing an additional 8,709 shares during the period. Gamco Investors INC. ET AL lifted its position in Apollo Global Management by 4.8% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,690 shares of the financial services provider’s stock valued at $949,000 after purchasing an additional 305 shares during the period. Nebula Research & Development LLC acquired a new position in Apollo Global Management during the 2nd quarter valued at about $722,000. Finally, Northern Right Capital Management L.P. lifted its position in Apollo Global Management by 1.5% during the 2nd quarter. Northern Right Capital Management L.P. now owns 172,991 shares of the financial services provider’s stock valued at $24,542,000 after purchasing an additional 2,500 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on APO. Argus upgraded shares of Apollo Global Management to a “strong-buy” rating in a research report on Thursday, February 19th. TD Cowen cut their target price on shares of Apollo Global Management from $155.00 to $146.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. BMO Capital Markets cut their target price on shares of Apollo Global Management from $135.00 to $116.00 and set a “market perform” rating on the stock in a research report on Tuesday, March 24th. The Goldman Sachs Group cut their target price on shares of Apollo Global Management from $169.00 to $134.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Finally, Evercore restated an “outperform” rating on shares of Apollo Global Management in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $150.38.

Apollo Global Management Stock Performance

Shares of NYSE:APO opened at $128.50 on Friday. The company has a market capitalization of $74.08 billion, a price-to-earnings ratio of 81.85, a P/E/G ratio of 1.10 and a beta of 1.52. The firm’s 50 day simple moving average is $118.81 and its 200 day simple moving average is $127.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 1.73. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $157.28.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.05. The business had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $5.19 billion. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. Apollo Global Management’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period last year, the company posted $1.82 EPS. As a group, sell-side analysts forecast that Apollo Global Management Inc. will post 8.29 earnings per share for the current year.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Tuesday, May 19th will be given a $0.5625 dividend. The ex-dividend date is Tuesday, May 19th. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.8%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.51. Apollo Global Management’s dividend payout ratio is 143.31%.

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.