OFI Invest Asset Management Buys New Shares in Apollo Global Management, Inc. (NYSE:APO)

OFI Invest Asset Management bought a new stake in Apollo Global Management, Inc. (NYSE:APO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 11,779 shares of the financial services provider’s stock, valued at approximately $1,879,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of APO. Coordinated Financial Services Inc. acquired a new stake in Apollo Global Management in the fourth quarter valued at $473,000. Amundi grew its holdings in shares of Apollo Global Management by 13.2% during the fourth quarter. Amundi now owns 801,260 shares of the financial services provider’s stock worth $129,788,000 after buying an additional 93,451 shares during the last quarter. Permanent Capital Management LP purchased a new position in shares of Apollo Global Management during the fourth quarter worth about $231,000. Dorsey & Whitney Trust CO LLC grew its holdings in shares of Apollo Global Management by 6.8% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 2,554 shares of the financial services provider’s stock worth $422,000 after buying an additional 162 shares during the last quarter. Finally, HM Payson & Co. purchased a new stake in Apollo Global Management in the 4th quarter valued at approximately $45,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. BMO Capital Markets boosted their price target on Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Piper Sandler boosted their price target on Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. The Goldman Sachs Group boosted their price target on Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Wells Fargo & Company dropped their price objective on Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, UBS Group upgraded Apollo Global Management to a “hold” rating in a report on Wednesday, November 13th. One research 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $165.74.

Apollo Global Management Stock Down 1.6 %

Shares of Apollo Global Management stock opened at $132.63 on Monday. The company has a fifty day moving average price of $159.88 and a 200 day moving average price of $150.64. The company has a current ratio of 1.44, a quick 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 stock has a market cap of $75.66 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a $0.4625 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.39%. Apollo Global Management’s payout ratio is currently 25.31%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the transaction, the chief financial officer now directly owns 377,164 shares of the company’s stock, valued at $59,697,517.92. This represents a 1.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 8.50% of the stock is currently owned by corporate insiders.

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.