Nomura Asset Management Co. Ltd. Has $44.45 Million Holdings in Apollo Global Management, Inc. (NYSE:APO)

Nomura Asset Management Co. Ltd. increased its holdings in Apollo Global Management, Inc. (NYSE:APO) by 22.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 269,113 shares of the financial services provider’s stock after buying an additional 49,995 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Apollo Global Management were worth $44,447,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. Broadway Wealth Solutions Inc. acquired a new position in Apollo Global Management in the 4th quarter valued at $344,000. Blair William & Co. IL increased its position in shares of Apollo Global Management by 9.6% in the fourth quarter. Blair William & Co. IL now owns 100,136 shares of the financial services provider’s stock worth $16,538,000 after purchasing an additional 8,792 shares during the period. NEOS Investment Management LLC acquired a new position in Apollo Global Management in the fourth quarter valued at about $3,825,000. UniSuper Management Pty Ltd lifted its position in Apollo Global Management by 208.7% during the fourth quarter. UniSuper Management Pty Ltd now owns 29,941 shares of the financial services provider’s stock worth $4,945,000 after purchasing an additional 20,241 shares during the period. Finally, Elo Mutual Pension Insurance Co grew its stake in Apollo Global Management by 8.0% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 37,973 shares of the financial services provider’s stock worth $6,289,000 after buying an additional 2,813 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Stock Down 3.6 %

Apollo Global Management stock opened at $136.89 on Friday. The firm has a 50 day moving average price of $152.47 and a two-hundred day moving average price of $152.95. 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, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. The firm has a market cap of $78.09 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were issued a $0.4625 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.35%. Apollo Global Management’s payout ratio is 25.31%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Barclays boosted their target price on shares of Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Piper Sandler upped their target price on Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. BMO Capital Markets raised their target price on Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. StockNews.com cut Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Finally, TD Cowen raised their price objective on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management presently has an average rating of “Moderate Buy” and an average target price of $165.21.

Insider Buying and Selling at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the firm’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 transaction of $791,400.00. Following the completion of the sale, the chief financial officer now owns 377,164 shares of the company’s stock, valued at $59,697,517.92. This trade represents a 1.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Leon D. Black sold 500,000 shares of the firm’s stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total transaction 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. The trade was a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.50% of the company’s stock.

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.