YHB Investment Advisors Inc. Purchases 2,473 Shares of Apollo Global Management Inc. (NYSE:APO)

YHB Investment Advisors Inc. increased its position in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) by 30.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,682 shares of the financial services provider's stock after buying an additional 2,473 shares during the quarter. YHB Investment Advisors Inc.'s holdings in Apollo Global Management were worth $1,463,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC bought a new stake in shares of Apollo Global Management during the fourth quarter valued at approximately $25,000. ORG Partners LLC raised its stake in shares of Apollo Global Management by 285.0% in the 1st quarter. ORG Partners LLC now owns 231 shares of the financial services provider's stock valued at $32,000 after buying an additional 171 shares in the last quarter. Hopwood Financial Services Inc. bought a new position in shares of Apollo Global Management during the 4th quarter worth about $33,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Apollo Global Management during the 4th quarter valued at about $34,000. Finally, Farmers & Merchants Investments Inc. acquired a new stake in shares of Apollo Global Management during the 1st quarter valued at about $39,000. 77.06% of the stock is currently owned by institutional investors.

Insider Activity at Apollo Global Management

In other news, insider Lb 2018 Gst Trust purchased 607,725 shares of the business's stock in a transaction that occurred on Friday, April 4th. The shares were acquired at an average cost of $111.39 per share, for a total transaction of $67,694,487.75. Following the transaction, the insider now directly owns 621,754 shares of the company's stock, valued at approximately $69,257,178.06. The trade was a 4,331.92% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CFO Martin Kelly sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $132.57, for a total transaction of $530,280.00. Following the transaction, the chief financial officer now owns 373,164 shares of the company's stock, valued at approximately $49,470,351.48. This represents a 1.06% decrease in their position. The disclosure for this sale can be found here. 8.20% of the stock is currently owned by corporate insiders.

Apollo Global Management Trading Up 1.3%

Apollo Global Management stock traded up $1.75 during trading hours on Thursday, reaching $139.48. 2,441,004 shares of the company's stock traded hands, compared to its average volume of 3,950,435. The firm has a market capitalization of $79.71 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 1.44 and a beta of 1.59. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.36 and a current ratio of 1.36. Apollo Global Management Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The firm's 50 day moving average is $133.97 and its 200-day moving average is $146.55.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The financial services provider reported $1.82 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.02). Apollo Global Management had a net margin of 14.59% and a return on equity of 13.45%. The business had revenue of $5.55 billion during the quarter, compared to analyst estimates of $977.14 million. During the same quarter in the prior year, the company earned $1.72 earnings per share. The company's quarterly revenue was down 21.2% on a year-over-year basis. On average, analysts predict that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Apollo Global Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, May 16th. This is a boost from Apollo Global Management's previous quarterly dividend of $0.46. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.46%. Apollo Global Management's payout ratio is 35.73%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. UBS Group cut their price target on shares of Apollo Global Management from $170.00 to $155.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Raymond James Financial began coverage on Apollo Global Management in a research report on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 price target on the stock. Cowen reiterated a "buy" rating on shares of Apollo Global Management in a research note on Monday, May 5th. Citigroup reduced their target price on shares of Apollo Global Management from $191.00 to $138.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Barclays increased their target price on shares of Apollo Global Management from $145.00 to $156.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $159.00.

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.