Daiwa Securities Group Inc. Has $10.56 Million Stock Holdings in Apollo Global Management Inc. $APO
by Amy Steele · The Cerbat GemDaiwa Securities Group Inc. boosted its stake in Apollo Global Management Inc. (NYSE:APO – Free Report) by 7.6% in the fourth quarter, HoldingsChannel reports. The firm owned 72,948 shares of the financial services provider’s stock after buying an additional 5,183 shares during the period. Daiwa Securities Group Inc.’s holdings in Apollo Global Management were worth $10,560,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of APO. Vanguard Group Inc. grew its holdings in shares of Apollo Global Management by 3.0% during the third quarter. Vanguard Group Inc. now owns 47,419,652 shares of the financial services provider’s stock valued at $6,319,617,000 after buying an additional 1,377,545 shares during the last quarter. Bahl & Gaynor Inc. grew its holdings in shares of Apollo Global Management by 62.0% during the third quarter. Bahl & Gaynor Inc. now owns 996,727 shares of the financial services provider’s stock valued at $132,834,000 after buying an additional 381,479 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Apollo Global Management by 7.3% during the third quarter. Northern Trust Corp now owns 4,385,787 shares of the financial services provider’s stock valued at $584,494,000 after buying an additional 299,698 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in shares of Apollo Global Management during the fourth quarter valued at about $40,454,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Apollo Global Management by 10.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,712,442 shares of the financial services provider’s stock valued at $392,653,000 after buying an additional 260,905 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
APO has been the subject of a number of analyst reports. TD Cowen reduced their price objective on shares of Apollo Global Management from $155.00 to $146.00 and set a “buy” rating for the company in a report on Monday, May 18th. The Goldman Sachs Group reduced their price objective on shares of Apollo Global Management from $169.00 to $134.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Apollo Global Management in a report on Thursday, May 7th. UBS Group lifted their price objective on shares of Apollo Global Management from $138.00 to $158.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, Wall Street Zen lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $151.23.
Get Our Latest Analysis on APO
Apollo Global Management Stock Down 0.3%
APO opened at $128.01 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.73 and a quick ratio of 1.73. The company’s 50-day moving average is $122.81 and its 200 day moving average is $127.80. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $157.28. The firm has a market capitalization of $73.80 billion, a P/E ratio of 81.53, a PEG ratio of 1.10 and a beta of 1.50.
Apollo Global Management (NYSE:APO – Get Free Report) last released 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. Apollo Global Management had a net margin of 3.62% and a return on equity of 14.43%. The company had revenue of $5.06 billion for the quarter, compared to analyst estimates of $5.19 billion. During the same period last year, the firm earned $1.82 earnings per share. The firm’s revenue was down 8.8% on a year-over-year basis. Research analysts expect that Apollo Global Management Inc. will post 8.28 earnings per share for the current fiscal year.
Apollo Global Management Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were given a dividend of $0.5625 per share. The ex-dividend date of this dividend was Tuesday, May 19th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.51. This represents a $2.25 dividend on an annualized basis and a dividend yield of 1.8%. Apollo Global Management’s payout ratio is 143.31%.
Insider Buying and Selling at Apollo Global Management
In related news, insider John P. Zito sold 48,644 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total transaction of $6,355,825.04. Following the transaction, the insider directly owned 3,063,696 shares of the company’s stock, valued at $400,302,519.36. This trade represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.30% of the stock is owned by insiders.
About Apollo Global Management
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.
Recommended Stories
- Five stocks we like better than Apollo Global Management
- Samsara Just Answered The AI Question—Is Wall Street Ready To Listen?
- IREN’s 800MW Bet Flips the AI Power Switch
- CrowdStrike Earnings Beat Sparks Selloff—Buy the Dip?
- Tesla’s EV Rebound Leaves Rivian and Lucid Facing a Tougher Investor Test
Want to see what other hedge funds are holding APO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Global Management Inc. (NYSE:APO – Free Report).