BOCHK Asset Management Ltd Increases Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

BOCHK Asset Management Ltd lifted its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,500 shares of the financial services provider’s stock after purchasing an additional 300 shares during the period. Apollo Global Management accounts for approximately 3.6% of BOCHK Asset Management Ltd’s investment portfolio, making the stock its 10th biggest holding. BOCHK Asset Management Ltd’s holdings in Apollo Global Management were worth $11,809,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA acquired a new stake in Apollo Global Management during the third quarter worth approximately $35,000. Retirement Wealth Solutions LLC acquired a new stake in Apollo Global Management during the fourth quarter worth approximately $39,000. UMB Bank n.a. grew its position in Apollo Global Management by 447.1% during the fourth quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock worth $46,000 after buying an additional 228 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in Apollo Global Management during the third quarter worth approximately $80,000. Finally, Truvestments Capital LLC acquired a new stake in Apollo Global Management during the third quarter worth approximately $83,000. Institutional investors own 77.06% of the company’s stock.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was 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 of the company’s stock, valued at $55,332,552.04. This trade represents a 1.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Leon D. Black sold 133,400 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the transaction, the insider now directly owns 35,471,373 shares of the company’s stock, valued at approximately $6,177,694,321.68. This represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 196,600 shares of company stock valued at $34,186,128 in the last three months. Insiders own 8.50% of the company’s stock.

Apollo Global Management Trading Up 1.3 %

NYSE APO opened at $169.46 on Wednesday. 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, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The company has a market cap of $95.88 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.36 and a beta of 1.63. The business’s fifty day moving average is $169.74 and its 200 day moving average is $142.44.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were given a dividend of $0.463 per share. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend was Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is currently 19.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their price target on Apollo Global Management from $168.00 to $196.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. Wells Fargo & Company reduced their price target on Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Morgan Stanley raised their target price on Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. raised their target price on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $164.32.

Apollo Global Management Company 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.