Harvest Fund Management Co. Ltd Makes New $1.36 Million Investment in Apollo Global Management, Inc. (NYSE:APO)

Harvest Fund Management Co. Ltd acquired a new position in Apollo Global Management, Inc. (NYSE:APO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,223 shares of the financial services provider's stock, valued at approximately $1,359,000.

A number of other hedge funds also recently bought and sold shares of the company. Hopwood Financial Services Inc. purchased a new stake in shares of Apollo Global Management during the 4th quarter valued at about $33,000. Kohmann Bosshard Financial Services LLC bought a new stake in Apollo Global Management during the fourth quarter valued at approximately $34,000. Byrne Asset Management LLC purchased a new stake in Apollo Global Management during the fourth quarter valued at approximately $37,000. Retirement Wealth Solutions LLC bought a new position in Apollo Global Management in the fourth quarter worth approximately $39,000. Finally, HM Payson & Co. purchased a new position in shares of Apollo Global Management during the 4th quarter worth $45,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

Insider Activity at Apollo Global Management

In related news, insider Leon D. Black sold 500,000 shares of Apollo Global Management stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total value of $71,000,000.00. Following the completion of the sale, the insider now directly owns 34,604,773 shares in the company, valued at $4,913,877,766. The trade was a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the transaction, the chief financial officer now owns 377,164 shares in the company, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.50% of the stock is owned by company insiders.

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Wall Street Analyst Weigh In

Several equities research analysts have recently commented on APO shares. BMO Capital Markets upped their price objective 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. Wells Fargo & Company lowered their price objective on Apollo Global Management from $187.00 to $177.00 and set an "overweight" rating on the stock in a research report on Thursday. Barclays raised their target price on shares of Apollo Global Management from $174.00 to $200.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. TD Cowen raised their price objective on shares of Apollo Global Management from $178.00 to $230.00 and gave the company a "buy" rating in a research report on Monday, December 9th. Finally, Piper Sandler raised 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. 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $165.21.

Apollo Global Management Trading Up 3.6 %

Shares of NYSE:APO traded up $5.18 on Monday, hitting $148.59. 3,156,101 shares of the company's stock were exchanged, compared to its average volume of 3,378,555. The stock has a market capitalization of $84.77 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The business's 50 day simple moving average is $154.31 and its two-hundred day simple moving average is $152.32.

Apollo Global Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management's dividend payout ratio is presently 25.31%.

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.