OLD National Bancorp IN Acquires 393 Shares of Apollo Global Management, Inc. (NYSE:APO)

OLD National Bancorp IN boosted its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 9.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,605 shares of the financial services provider’s stock after acquiring an additional 393 shares during the period. OLD National Bancorp IN’s holdings in Apollo Global Management were worth $761,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Partners Group Holding AG boosted its position in shares of Apollo Global Management by 26.5% in the 3rd quarter. Partners Group Holding AG now owns 775,727 shares of the financial services provider’s stock worth $96,896,000 after purchasing an additional 162,678 shares in the last quarter. Swedbank AB increased its position in Apollo Global Management by 50.9% during the 3rd quarter. Swedbank AB now owns 77,938 shares of the financial services provider’s stock valued at $9,735,000 after buying an additional 26,300 shares in the last quarter. Ameritas Advisory Services LLC purchased a new position in Apollo Global Management during the fourth quarter valued at $648,000. Advisors Asset Management Inc. boosted its holdings in Apollo Global Management by 34.1% in the third quarter. Advisors Asset Management Inc. now owns 19,441 shares of the financial services provider’s stock worth $2,428,000 after acquiring an additional 4,941 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Apollo Global Management by 4.7% in the third quarter. Geode Capital Management LLC now owns 5,717,266 shares of the financial services provider’s stock worth $713,230,000 after acquiring an additional 254,268 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Insider Activity

In other Apollo Global Management news, insider Leon D. Black sold 58,200 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the sale, the insider now owns 35,104,773 shares in the company, valued at approximately $6,086,114,495.01. This trade represents a 0.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the sale, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. This trade represents a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 196,600 shares of company stock valued at $34,186,128 in the last ninety days. Corporate insiders own 8.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on APO. UBS Group raised Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Evercore ISI raised their price target on shares of Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their price objective on Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Citigroup lifted their target price on Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $164.32.

Apollo Global Management Trading Down 0.4 %

NYSE:APO opened at $171.00 on Friday. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49. The business has a fifty day moving average price of $170.11 and a 200-day moving average price of $143.18. The firm has a market capitalization of $96.75 billion, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 1.37 and a beta of 1.63. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 18th were paid a $0.463 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.85 annualized dividend and a dividend yield of 1.08%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio (DPR) is 19.33%.

About Apollo Global Management

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.