Apollo Global Management, Inc. (NYSE:APO) Stock Holdings Decreased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd reduced its position in Apollo Global Management, Inc. (NYSE:APO) by 19.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 4,189 shares of the financial services provider’s stock after selling 1,006 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Apollo Global Management were worth $390,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in APO. Sugarloaf Wealth Management LLC purchased a new position in Apollo Global Management during the fourth quarter valued at approximately $31,000. Blue Trust Inc. grew its position in Apollo Global Management by 151.4% in the fourth quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 221 shares in the last quarter. CVA Family Office LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter worth $34,000. Hanseatic Management Services Inc. acquired a new stake in shares of Apollo Global Management in the third quarter worth $39,000. Finally, Allworth Financial LP lifted its stake in shares of Apollo Global Management by 66.4% in the third quarter. Allworth Financial LP now owns 501 shares of the financial services provider’s stock worth $45,000 after buying an additional 200 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Price Performance

Shares of APO stock traded down $1.05 during mid-day trading on Wednesday, reaching $112.72. The company’s stock had a trading volume of 1,379,027 shares, compared to its average volume of 2,344,884. The firm’s 50-day moving average is $111.28 and its two-hundred day moving average is $98.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.54 and a current ratio of 1.54. Apollo Global Management, Inc. has a 1-year low of $57.50 and a 1-year high of $117.15. The company has a market cap of $64.04 billion, a P/E ratio of 13.43, a PEG ratio of 0.92 and a beta of 1.63.

Apollo Global Management (NYSE:APO) last posted its earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.11. Apollo Global Management had a net margin of 15.86% and a return on equity of 20.33%. The business had revenue of $795.00 million for the quarter, compared to analyst estimates of $823.27 million. On average, research analysts predict that Apollo Global Management, Inc. will post 7.44 earnings per share for the current year.

Apollo Global Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 20th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Friday, February 16th. Apollo Global Management’s payout ratio is 20.45%.

Insiders Place Their Bets

In other Apollo Global Management news, insider Whitney Chatterjee sold 12,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $111.10, for a total transaction of $1,333,200.00. Following the sale, the insider now owns 123,901 shares of the company’s stock, valued at approximately $13,765,401.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Apollo Global Management news, insider Whitney Chatterjee sold 12,000 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $111.10, for a total transaction of $1,333,200.00. Following the transaction, the insider now directly owns 123,901 shares in the company, valued at approximately $13,765,401.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Leon D. Black sold 300,000 shares of the company’s stock in a transaction dated Saturday, February 24th. The shares were sold at an average price of $111.51, for a total transaction of $33,453,000.00. Following the transaction, the insider now owns 43,054,773 shares in the company, valued at $4,801,037,737.23. The disclosure for this sale can be found here. Insiders have sold a total of 1,426,000 shares of company stock valued at $158,226,960 in the last 90 days. 8.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. BMO Capital Markets boosted their price objective on shares of Apollo Global Management from $111.00 to $122.00 and gave the stock an “outperform” rating in a research note on Friday, April 5th. JPMorgan Chase & Co. upped their target price on shares of Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a research note on Wednesday. TD Cowen started coverage on shares of Apollo Global Management in a research note on Thursday, January 4th. They set an “outperform” rating and a $115.00 target price for the company. Finally, Morgan Stanley upped their target price on shares of Apollo Global Management from $94.00 to $99.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $113.33.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.