Vontobel Holding Ltd. Purchases 2,699 Shares of Apollo Global Management, Inc. (NYSE:APO)

Vontobel Holding Ltd. lifted its position in Apollo Global Management, Inc. (NYSE:APO) by 39.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,617 shares of the financial services provider’s stock after purchasing an additional 2,699 shares during the quarter. Vontobel Holding Ltd.’s holdings in Apollo Global Management were worth $1,588,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APO. Asset Management One Co. Ltd. boosted its position in Apollo Global Management by 9.9% during the fourth quarter. Asset Management One Co. Ltd. now owns 161,463 shares of the financial services provider’s stock valued at $27,494,000 after buying an additional 14,522 shares during the period. MGB Wealth Management LLC boosted its position in Apollo Global Management by 212.0% during the fourth quarter. MGB Wealth Management LLC now owns 5,398 shares of the financial services provider’s stock valued at $892,000 after buying an additional 3,668 shares during the period. Van ECK Associates Corp boosted its position in Apollo Global Management by 8.7% during the fourth quarter. Van ECK Associates Corp now owns 86,925 shares of the financial services provider’s stock valued at $14,357,000 after buying an additional 6,982 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Apollo Global Management by 2.2% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 104,429 shares of the financial services provider’s stock valued at $17,321,000 after buying an additional 2,241 shares during the period. Finally, Great Lakes Retirement Inc. raised its stake in shares of Apollo Global Management by 1.7% during the fourth quarter. Great Lakes Retirement Inc. now owns 8,814 shares of the financial services provider’s stock valued at $1,456,000 after acquiring an additional 145 shares during the last quarter. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction 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 approximately $59,697,517.92. The trade was a 1.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Leon D. Black sold 133,400 shares of Apollo Global Management stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the transaction, the insider now directly owns 35,471,373 shares of the company’s stock, valued at approximately $6,177,694,321.68. This represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 201,600 shares of company stock worth $34,977,528 in the last three months. Insiders own 8.50% of the company’s stock.

Apollo Global Management Stock Performance

Shares of NYSE APO opened at $162.95 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market cap of $92.20 billion, a P/E ratio of 22.29, a P/E/G ratio of 1.28 and a beta of 1.63. The firm’s fifty day moving average is $167.45 and its two-hundred day moving average is $146.60. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49.

Apollo Global Management Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be issued a $0.4625 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.14%. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. The Goldman Sachs Group upped their price objective on shares of Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Barclays upped their price objective on shares of Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. UBS Group raised shares of Apollo Global Management to a “hold” rating in a research note on Wednesday, November 13th. Keefe, Bruyette & Woods decreased their price target on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Finally, Evercore ISI raised their target price on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus price target of $165.74.

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.