BOCHK Asset Management Ltd Has $11.81 Million Stake in Apollo Global Management, Inc. (NYSE:APO)

BOCHK Asset Management Ltd lifted its holdings in Apollo Global Management, Inc. (NYSE:APO) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 71,500 shares of the financial services provider’s stock after buying an additional 300 shares during the period. Apollo Global Management comprises approximately 3.6% of BOCHK Asset Management Ltd’s holdings, making the stock its 10th largest position. BOCHK Asset Management Ltd’s holdings in Apollo Global Management were worth $11,809,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Apollo Global Management in the 4th quarter worth about $243,000. Perigon Wealth Management LLC grew its stake in shares of Apollo Global Management by 3.1% in the 4th quarter. Perigon Wealth Management LLC now owns 5,159 shares of the financial services provider’s stock valued at $856,000 after buying an additional 155 shares during the period. YHB Investment Advisors Inc. grew its stake in shares of Apollo Global Management by 9.5% in the 4th quarter. YHB Investment Advisors Inc. now owns 8,209 shares of the financial services provider’s stock valued at $1,356,000 after buying an additional 711 shares during the period. Nilsine Partners LLC acquired a new stake in shares of Apollo Global Management in the 4th quarter valued at about $289,000. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of Apollo Global Management in the 4th quarter valued at about $8,529,000. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Price Performance

Shares of NYSE APO opened at $169.46 on Wednesday. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The stock’s 50 day moving average price is $169.74 and its 200-day moving average price is $142.44. The company has a market capitalization of $95.88 billion, a PE ratio of 17.71, a PEG ratio of 1.36 and a beta of 1.63. 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 firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were paid a $0.463 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Monday, November 18th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s payout ratio is presently 19.33%.

Insider Transactions at Apollo Global Management

In related news, insider Leon D. Black sold 133,400 shares of Apollo Global Management 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 sale, the insider now 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 320,564 shares in the company, valued at $55,332,552.04. This trade represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 196,600 shares of company stock worth $34,186,128 in the last 90 days. Insiders own 8.50% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Keefe, Bruyette & Woods raised their target price on Apollo Global Management from $168.00 to $196.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. 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 research note on Wednesday, October 2nd. Evercore ISI raised their target price on Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Finally, Citigroup raised their target price on 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $164.32.

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.