Sumitomo Mitsui Trust Holdings Inc. Raises Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Sumitomo Mitsui Trust Holdings Inc. boosted its position in Apollo Global Management, Inc. (NYSE:APO) by 0.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 985,396 shares of the financial services provider’s stock after buying an additional 457 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.17% of Apollo Global Management worth $110,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sugarloaf Wealth Management LLC purchased a new stake in Apollo Global Management in the fourth quarter worth approximately $31,000. DSM Capital Partners LLC purchased a new stake in Apollo Global Management in the fourth quarter worth approximately $31,000. Blue Trust Inc. boosted its stake in Apollo Global Management by 151.4% in the fourth quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock worth $33,000 after buying an additional 221 shares in the last quarter. True Wealth Design LLC purchased a new stake in Apollo Global Management in the fourth quarter worth approximately $33,000. Finally, CVA Family Office LLC purchased a new stake in shares of Apollo Global Management during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

APO opened at $119.80 on Thursday. The stock has a fifty day simple moving average of $114.77 and a two-hundred day simple moving average of $108.53. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The company has a market cap of $68.07 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 0.98 and a beta of 1.59. Apollo Global Management, Inc. has a 12-month low of $73.77 and a 12-month high of $120.80.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.50 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.21). Apollo Global Management had a net margin of 16.27% and a return on equity of 19.12%. The company had revenue of $839.00 million for the quarter, compared to the consensus estimate of $827.33 million. Research analysts predict that Apollo Global Management, Inc. will post 7.14 earnings per share for the current fiscal year.

Apollo Global Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were issued a dividend of $0.463 per share. The ex-dividend date of this dividend was Thursday, May 16th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.85 annualized dividend and a dividend yield of 1.55%. Apollo Global Management’s dividend payout ratio (DPR) is presently 20.49%.

Insider Activity

In other news, CFO Martin Kelly sold 30,000 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $111.29, for a total transaction of $3,338,700.00. Following the completion of the transaction, the chief financial officer now directly owns 359,445 shares in the company, valued at $40,002,634.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on APO. Jefferies Financial Group dropped their price objective on Apollo Global Management from $119.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, May 9th. BMO Capital Markets increased their price objective on Apollo Global Management from $111.00 to $122.00 and gave the company an “outperform” rating in a research note on Friday, April 5th. Evercore ISI upped their target price on Apollo Global Management from $120.00 to $128.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. JMP Securities restated a “market perform” rating on shares of Apollo Global Management in a report on Tuesday, April 9th. Finally, StockNews.com upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a report on Thursday, June 27th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $115.62.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.