Nomura Asset Management Co. Ltd. Has $27.37 Million Holdings in Apollo Global Management, Inc. (NYSE:APO)

Nomura Asset Management Co. Ltd. boosted its stake in Apollo Global Management, Inc. (NYSE:APO - Free Report) by 100.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 219,118 shares of the financial services provider's stock after buying an additional 109,961 shares during the quarter. Nomura Asset Management Co. Ltd.'s holdings in Apollo Global Management were worth $27,370,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of APO. Legal & General Group Plc boosted its stake in shares of Apollo Global Management by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 4,383,217 shares of the financial services provider's stock valued at $517,527,000 after purchasing an additional 126,859 shares in the last quarter. TD Asset Management Inc boosted its position in Apollo Global Management by 3.8% in the second quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider's stock valued at $318,522,000 after buying an additional 97,797 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Apollo Global Management by 27.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider's stock worth $225,600,000 after buying an additional 383,557 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Apollo Global Management by 0.4% during the third quarter. Janus Henderson Group PLC now owns 1,339,355 shares of the financial services provider's stock worth $167,298,000 after buying an additional 4,892 shares in the last quarter. Finally, 1832 Asset Management L.P. raised its stake in shares of Apollo Global Management by 2.9% in the second quarter. 1832 Asset Management L.P. now owns 1,294,530 shares of the financial services provider's stock valued at $152,845,000 after acquiring an additional 37,070 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the transaction, the chief financial officer now directly owns 320,564 shares in the company, valued at $55,332,552.04. This represents a 1.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Leon D. Black sold 133,400 shares of Apollo Global Management stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $174.16, for a total value of $23,232,944.00. Following the completion of the sale, the insider now directly owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. This represents a 0.37 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 196,600 shares of company stock valued at $34,186,128. 8.50% of the stock is owned by corporate insiders.

Apollo Global Management Stock Up 2.3 %

Shares of NYSE APO traded up $4.05 during mid-day trading on Wednesday, reaching $178.76. 6,023,040 shares of the company's stock were exchanged, compared to its average volume of 2,834,473. The business has a fifty day simple moving average of $156.19 and a 200 day simple moving average of $130.15. Apollo Global Management, Inc. has a twelve month low of $89.76 and a twelve month high of $189.49. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $101.15 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 1.84 and a beta of 1.63.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were given a dividend of $0.463 per share. This is an increase from Apollo Global Management's previous quarterly dividend of $0.46. The ex-dividend date was Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.04%. Apollo Global Management's dividend payout ratio is currently 19.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company raised their price target on Apollo Global Management from $149.00 to $164.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. BMO Capital Markets lifted their price target on Apollo Global Management from $138.00 to $157.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Evercore ISI increased their price objective on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. UBS Group raised shares of Apollo Global Management to a "hold" rating in a research note on Wednesday, November 13th. Finally, Citigroup increased their price target on shares of Apollo Global Management from $162.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, Apollo Global Management presently has an average rating of "Moderate Buy" and a consensus target price of $159.16.

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.