Mitsubishi UFJ Trust & Banking Corp Sells 22,159 Shares of Apollo Global Management Inc. $APO

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in shares of Apollo Global Management Inc. (NYSE:APO) by 11.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 169,453 shares of the financial services provider’s stock after selling 22,159 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Apollo Global Management were worth $24,040,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of APO. Y.D. More Investments Ltd grew its position in Apollo Global Management by 14.4% in the 1st quarter. Y.D. More Investments Ltd now owns 619 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 78 shares during the last quarter. Walled Lake Planning & Wealth Management LLC boosted its stake in shares of Apollo Global Management by 3.3% during the first quarter. Walled Lake Planning & Wealth Management LLC now owns 2,516 shares of the financial services provider’s stock valued at $345,000 after purchasing an additional 80 shares during the period. GW&K Investment Management LLC boosted its stake in shares of Apollo Global Management by 84.5% during the first quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 87 shares during the period. Tower Wealth Partners Inc. grew its holdings in shares of Apollo Global Management by 4.7% in the second quarter. Tower Wealth Partners Inc. now owns 2,086 shares of the financial services provider’s stock worth $296,000 after purchasing an additional 94 shares during the last quarter. Finally, Arkadios Wealth Advisors increased its stake in Apollo Global Management by 0.9% in the 1st quarter. Arkadios Wealth Advisors now owns 10,896 shares of the financial services provider’s stock worth $1,492,000 after buying an additional 99 shares during the period. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Apollo Global Management news, insider Leon D. Black sold 915,000 shares of Apollo Global Management stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $134.03, for a total value of $122,637,450.00. Following the transaction, the insider owned 4,526,000 shares in the company, valued at $606,619,780. The trade was a 16.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

APO has been the subject of several research reports. Keefe, Bruyette & Woods boosted their price objective on shares of Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Evercore ISI boosted their price target on Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. Morgan Stanley dropped their price objective on Apollo Global Management from $154.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 21st. Wall Street Zen raised Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Barclays upped their target price on Apollo Global Management from $147.00 to $158.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

Apollo Global Management Stock Performance

Shares of NYSE:APO opened at $130.56 on Friday. The firm has a 50 day moving average of $130.66 and a 200 day moving average of $136.25. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $74.68 billion, a price-to-earnings ratio of 24.40, a price-to-earnings-growth ratio of 1.42 and a beta of 1.63. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $189.49.

Apollo Global Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Monday, November 17th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, November 17th. Apollo Global Management’s dividend payout ratio is 29.82%.

Apollo Global Management Profile

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.