Oregon Public Employees Retirement Fund Makes New Investment in Apollo Global Management, Inc. (NYSE:APO)

Oregon Public Employees Retirement Fund bought a new position in Apollo Global Management, Inc. (NYSE:APO) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 38,330 shares of the financial services provider’s stock, valued at approximately $6,331,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Checchi Capital Advisers LLC increased its stake in shares of Apollo Global Management by 1,138.2% in the 4th quarter. Checchi Capital Advisers LLC now owns 42,061 shares of the financial services provider’s stock worth $6,947,000 after acquiring an additional 38,664 shares during the last quarter. National Pension Service increased its stake in shares of Apollo Global Management by 49.2% in the 4th quarter. National Pension Service now owns 845,108 shares of the financial services provider’s stock worth $139,578,000 after acquiring an additional 278,579 shares during the last quarter. Lake Street Advisors Group LLC increased its stake in shares of Apollo Global Management by 5.6% in the 4th quarter. Lake Street Advisors Group LLC now owns 2,169 shares of the financial services provider’s stock worth $358,000 after acquiring an additional 115 shares during the last quarter. Amalgamated Bank increased its position in shares of Apollo Global Management by 189.7% during the 4th quarter. Amalgamated Bank now owns 95,524 shares of the financial services provider’s stock worth $15,777,000 after purchasing an additional 62,551 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Apollo Global Management by 42.1% during the 4th quarter. Bank of New York Mellon Corp now owns 2,640,758 shares of the financial services provider’s stock worth $436,148,000 after purchasing an additional 782,700 shares during the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Stock Performance

Shares of APO opened at $147.45 on Thursday. The stock has a 50-day simple moving average of $164.28 and a 200-day simple moving average of $148.74. 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 stock has a market capitalization of $83.43 billion, a PE ratio of 20.17, a PEG ratio of 1.17 and a beta of 1.63. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49.

Apollo Global Management Cuts Dividend

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

Insider Activity

In other news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the transaction, the chief financial officer now owns 320,564 shares in the company, valued at approximately $55,332,552.04. This trade represents a 1.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Leon D. Black sold 58,200 shares of Apollo Global Management stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the transaction, the insider now owns 35,104,773 shares of the company’s stock, valued at $6,086,114,495.01. The trade was a 0.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 201,600 shares of company stock worth $34,977,528. 8.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

APO has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price objective on Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. Evercore ISI raised their price objective on Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price objective on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. BMO Capital Markets raised their price objective on Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. Finally, Piper Sandler raised their price objective on Apollo Global Management from $188.00 to $202.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.74.

Apollo Global Management Company 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.