Oak Thistle LLC Invests $606,000 in Apollo Global Management, Inc. (NYSE:APO)

Oak Thistle LLC acquired a new stake in Apollo Global Management, Inc. (NYSE:APO) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 3,670 shares of the financial services provider’s stock, valued at approximately $606,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA bought a new stake in shares of Apollo Global Management in the 2nd quarter valued at about $62,972,000. Marshall Wace LLP increased its stake in Apollo Global Management by 74.5% in the second quarter. Marshall Wace LLP now owns 955,673 shares of the financial services provider’s stock valued at $112,836,000 after purchasing an additional 408,105 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Apollo Global Management by 27.0% in 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 purchasing an additional 383,557 shares during the period. International Assets Investment Management LLC boosted its position in shares of Apollo Global Management by 12,086.7% during the third quarter. International Assets Investment Management LLC now owns 370,233 shares of the financial services provider’s stock worth $462,460,000 after purchasing an additional 367,195 shares in the last quarter. Finally, Holocene Advisors LP grew its holdings in shares of Apollo Global Management by 530.9% in the 3rd quarter. Holocene Advisors LP now owns 402,228 shares of the financial services provider’s stock valued at $50,242,000 after buying an additional 338,472 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the sale, the chief financial officer now owns 320,564 shares in the company, valued at $55,332,552.04. This represents a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Leon D. Black sold 133,400 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $6,177,694,321.68. The trade was a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 196,600 shares of company stock valued at $34,186,128. 8.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

APO has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. TD Cowen boosted their price objective on Apollo Global Management from $178.00 to $230.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Wells Fargo & Company dropped their target price on shares of Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating on the stock in a report on Tuesday. Evercore ISI upped their price target on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group raised their price objective on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $164.32.

Apollo Global Management Stock Up 0.6 %

APO stock opened at $165.80 on Friday. The company has a market cap of $93.81 billion, a price-to-earnings ratio of 17.32, a P/E/G ratio of 1.20 and a beta of 1.63. Apollo Global Management, Inc. has a twelve month low of $94.34 and a twelve month high of $189.49. The business has a 50 day moving average price of $168.97 and a two-hundred day moving average price of $139.17. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were issued a dividend of $0.463 per share. This represents a $1.85 dividend on an annualized basis and a yield of 1.12%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, November 18th. Apollo Global Management’s payout ratio is presently 19.33%.

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.