Mizuho Markets Cayman LP Acquires New Holdings in Apollo Global Management Inc. $APO

Mizuho Markets Cayman LP purchased a new stake in Apollo Global Management Inc. (NYSE:APO) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 157,189 shares of the financial services provider’s stock, valued at approximately $17,514,000. Apollo Global Management accounts for about 0.9% of Mizuho Markets Cayman LP’s investment portfolio, making the stock its 17th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Legal & General Group Plc lifted its holdings in shares of Apollo Global Management by 4.5% during the fourth quarter. Legal & General Group Plc now owns 3,611,839 shares of the financial services provider’s stock worth $522,850,000 after buying an additional 155,857 shares during the last quarter. Sandro Wealth Management LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter worth $1,599,000. Asset Management One Co. Ltd. increased its position in Apollo Global Management by 6.1% during the fourth quarter. Asset Management One Co. Ltd. now owns 189,744 shares of the financial services provider’s stock worth $27,936,000 after acquiring an additional 10,876 shares during the period. Vanguard Group Inc. increased its position in Apollo Global Management by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 47,760,608 shares of the financial services provider’s stock worth $6,913,826,000 after acquiring an additional 340,956 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Apollo Global Management by 16.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 98,916 shares of the financial services provider’s stock valued at $14,319,000 after purchasing an additional 13,625 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insiders Place Their Bets

In related news, insider John P. Zito sold 48,644 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $130.66, for a total value of $6,355,825.04. Following the completion of the transaction, the insider owned 3,063,696 shares of the company’s stock, valued at $400,302,519.36. This represents a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

APO has been the subject of a number of research reports. UBS Group increased their price target 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. HSBC began coverage on shares of Apollo Global Management in a report on Monday. They set a “buy” rating and a $145.00 price objective on the stock. Wall Street Zen cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded Apollo Global Management from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Finally, Evercore restated an “outperform” rating on shares of Apollo Global Management in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $149.08.

Apollo Global Management Stock Up 0.6%

APO opened at $119.16 on Thursday. Apollo Global Management Inc. has a fifty-two week low of $99.56 and a fifty-two week high of $153.43. 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 firm’s fifty day moving average price is $126.76 and its two-hundred day moving average price is $124.34. The company has a market capitalization of $68.70 billion, a P/E ratio of 75.90, a P/E/G ratio of 1.03 and a beta of 1.50.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.94 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $5.19 billion. During the same quarter in the prior year, the company posted $1.82 EPS. The business’s revenue was down 8.8% on a year-over-year basis. On average, analysts anticipate that Apollo Global Management Inc. will post 8.22 EPS for the current year.

Apollo Global Management Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 19th were paid a $0.5625 dividend. 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 yield of 1.9%. Apollo Global Management’s payout ratio is presently 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.