YHB Investment Advisors Inc. Purchases 711 Shares of Apollo Global Management, Inc. (NYSE:APO)

YHB Investment Advisors Inc. increased its stake in Apollo Global Management, Inc. (NYSE:APO) by 9.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,209 shares of the financial services provider’s stock after buying an additional 711 shares during the quarter. YHB Investment Advisors Inc.’s holdings in Apollo Global Management were worth $1,356,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APO. Compagnie Lombard Odier SCmA purchased a new position in Apollo Global Management in the third quarter valued at approximately $35,000. Retirement Wealth Solutions LLC bought a new stake in shares of Apollo Global Management during the fourth quarter valued at about $39,000. UMB Bank n.a. increased its holdings in Apollo Global Management by 447.1% during the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 228 shares during the period. Prospera Private Wealth LLC purchased a new stake in shares of Apollo Global Management in the third quarter worth $80,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Apollo Global Management in the 3rd quarter valued at about $83,000. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Apollo Global Management

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

Apollo Global Management Trading Down 2.8 %

NYSE:APO opened at $167.20 on Tuesday. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $169.72 and a 200-day moving average price of $142.09. The stock has a market cap of $94.61 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 1.36 and a beta of 1.63.

Apollo Global Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were issued a dividend of $0.463 per share. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, November 18th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.11%. Apollo Global Management’s dividend payout ratio is 19.33%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on APO shares. Wells Fargo & Company dropped their price objective on shares of Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Citigroup raised their price objective on Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Barclays increased their price target on shares of Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Apollo Global Management from $168.00 to $196.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Apollo Global Management currently has a consensus rating of “Moderate Buy” and a consensus target price of $164.32.

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.