Apollo Global Management, Inc. (NYSE:APO) Shares Purchased by BOCHK Asset Management Ltd

BOCHK Asset Management Ltd boosted its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 97.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,200 shares of the financial services provider’s stock after purchasing an additional 35,200 shares during the quarter. Apollo Global Management makes up approximately 2.6% of BOCHK Asset Management Ltd’s holdings, making the stock its 13th largest position. BOCHK Asset Management Ltd’s holdings in Apollo Global Management were worth $8,894,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. IFM Investors Pty Ltd increased its position in shares of Apollo Global Management by 2.5% during the 3rd quarter. IFM Investors Pty Ltd now owns 84,205 shares of the financial services provider’s stock valued at $10,518,000 after purchasing an additional 2,085 shares during the period. Great Lakes Retirement Inc. raised its position in Apollo Global Management by 4.1% in the third quarter. Great Lakes Retirement Inc. now owns 8,669 shares of the financial services provider’s stock worth $1,083,000 after acquiring an additional 344 shares in the last quarter. Tanager Wealth Management LLP acquired a new stake in Apollo Global Management in the 3rd quarter valued at about $210,000. YHB Investment Advisors Inc. boosted its position in shares of Apollo Global Management by 7.5% during the 3rd quarter. YHB Investment Advisors Inc. now owns 7,498 shares of the financial services provider’s stock valued at $937,000 after purchasing an additional 524 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Apollo Global Management by 12,086.7% in the 3rd 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. 77.06% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on APO shares. Bank of America raised Apollo Global Management from a “neutral” rating to a “buy” rating and dropped their price target for the company from $124.00 to $123.00 in a report on Tuesday, August 6th. Keefe, Bruyette & Woods raised their target price on shares of Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Wolfe Research began coverage on shares of Apollo Global Management in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 price objective for the company. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Apollo Global Management from $129.00 to $124.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Finally, StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $139.56.

Apollo Global Management Trading Up 1.6 %

APO stock traded up $2.28 during trading on Thursday, hitting $145.82. The company had a trading volume of 984,794 shares, compared to its average volume of 2,583,576. The stock has a market cap of $82.85 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 1.39 and a beta of 1.62. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The firm has a 50-day moving average price of $123.18 and a 200-day moving average price of $117.55. Apollo Global Management, Inc. has a 12 month low of $77.11 and a 12 month high of $146.82.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. The business had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $873.18 million. During the same period last year, the firm earned $1.54 earnings per share. As a group, analysts predict that Apollo Global Management, Inc. will post 6.66 earnings per share for the current year.

Apollo Global Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend was Friday, August 16th. Apollo Global Management’s payout ratio is presently 20.49%.

Insiders Place Their Bets

In other Apollo Global Management news, Director Pauline Richards acquired 2,351 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average price of $104.92 per share, with a total value of $246,666.92. Following the purchase, the director now owns 85,854 shares of the company’s stock, valued at $9,007,801.68. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 8.50% of the company’s stock.

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.