Apollo Global Management, Inc. (NYSE:APO) Position Boosted by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. raised its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 7.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,498 shares of the financial services provider’s stock after acquiring an additional 524 shares during the period. YHB Investment Advisors Inc.’s holdings in Apollo Global Management were worth $937,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Chicago Capital LLC lifted its stake in shares of Apollo Global Management by 1.2% in the 3rd quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock worth $709,000 after acquiring an additional 69 shares during the period. Cyndeo Wealth Partners LLC lifted its position in Apollo Global Management by 3.0% in the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 77 shares during the period. FineMark National Bank & Trust boosted its stake in Apollo Global Management by 2.4% during the 2nd quarter. FineMark National Bank & Trust now owns 4,117 shares of the financial services provider’s stock valued at $486,000 after purchasing an additional 98 shares in the last quarter. Orion Capital Management LLC increased its position in shares of Apollo Global Management by 20.0% during the 1st quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 100 shares during the period. Finally, Valley National Advisers Inc. increased its position in shares of Apollo Global Management by 0.9% during the 1st quarter. Valley National Advisers Inc. now owns 11,519 shares of the financial services provider’s stock valued at $1,295,000 after purchasing an additional 104 shares during the period. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, Director Pauline Richards purchased 2,351 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average price of $104.92 per share, for a total transaction of $246,666.92. Following the acquisition, the director now owns 85,854 shares of the company’s stock, valued at $9,007,801.68. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.50% of the company’s stock.

Apollo Global Management Trading Up 1.9 %

Apollo Global Management stock opened at $146.27 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. Apollo Global Management, Inc. has a 12 month low of $77.11 and a 12 month high of $146.82. The company’s fifty day simple moving average is $123.89 and its 200-day simple moving average is $117.75. The stock has a market cap of $83.10 billion, a P/E ratio of 16.20, a P/E/G ratio of 1.39 and a beta of 1.62.

Apollo Global Management (NYSE:APO) last issued its earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $6.02 billion during the quarter, compared to analyst estimates of $873.18 million. During the same period in the previous year, the company earned $1.54 earnings per share. As a group, sell-side analysts forecast that Apollo Global Management, Inc. will post 6.66 EPS for the current fiscal year.

Apollo Global Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 1.26%. The ex-dividend date was Friday, August 16th. Apollo Global Management’s payout ratio is presently 20.49%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on APO shares. JPMorgan Chase & Co. raised their target price on Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. Redburn Atlantic assumed coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 target price on the stock. 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. Wells Fargo & Company upped their price target on Apollo Global Management from $148.00 to $149.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Finally, BMO Capital Markets raised their price objective on Apollo Global Management from $123.00 to $138.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $139.56.

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.