Mitsubishi UFJ Asset Management Co. Ltd. Boosts Position in Apollo Global Management, Inc. (NYSE:APO)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Apollo Global Management, Inc. (NYSE:APO) by 155.0% during the 4th quarter, HoldingsChannel reports. The firm owned 670,065 shares of the financial services provider’s stock after purchasing an additional 407,343 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Apollo Global Management were worth $113,281,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Hopwood Financial Services Inc. purchased a new position in shares of Apollo Global Management in the fourth quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC bought a new position in Apollo Global Management in the fourth quarter worth approximately $34,000. Byrne Asset Management LLC purchased a new position in shares of Apollo Global Management during the 4th quarter worth $37,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Apollo Global Management in the 4th quarter worth $39,000. Finally, HM Payson & Co. purchased a new stake in Apollo Global Management in the fourth quarter worth about $45,000. 77.06% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Apollo Global Management news, insider Leon D. Black sold 500,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the completion of the sale, the insider now owns 34,604,773 shares of the company’s stock, valued at $4,913,877,766. This trade represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the transaction, the chief financial officer now directly owns 377,164 shares in the company, valued at approximately $59,697,517.92. This represents a 1.31 % decrease in their position. The disclosure for this sale can be found here. 8.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on APO. Barclays upped their price target on shares of Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. TD Cowen boosted their price objective on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, December 9th. BMO Capital Markets upped their target price on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, Piper Sandler lifted their price target on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.21.

Apollo Global Management Stock Performance

NYSE:APO opened at $142.18 on Friday. The firm has a market capitalization of $81.11 billion, a PE ratio of 19.45, a PEG ratio of 1.17 and a beta of 1.66. The stock’s fifty day moving average is $153.07 and its 200 day moving average is $152.75. Apollo Global Management, Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a $0.4625 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.30%. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

About Apollo Global Management

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.