Berbice Capital Management LLC Buys New Holdings in Apollo Global Management, Inc. (NYSE:APO)

Berbice Capital Management LLC purchased a new stake in shares of Apollo Global Management, Inc. (NYSE:APO) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,001 shares of the financial services provider’s stock, valued at approximately $165,000.

Other hedge funds have also added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA purchased a new position in shares of Apollo Global Management in the 3rd quarter worth approximately $35,000. Retirement Wealth Solutions LLC purchased a new position in Apollo Global Management in the fourth quarter valued at approximately $39,000. UMB Bank n.a. lifted its stake in Apollo Global Management by 447.1% in the fourth quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 228 shares during the last quarter. Prospera Private Wealth LLC purchased a new position in Apollo Global Management in the third quarter valued at approximately $80,000. Finally, Truvestments Capital LLC purchased a new position in Apollo Global Management in the third quarter valued at approximately $83,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Price Performance

APO stock opened at $170.29 on Friday. 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 $169.49 and a 200 day moving average price of $141.05. The stock has a market cap of $96.36 billion, a PE ratio of 17.81, a P/E/G ratio of 1.36 and a beta of 1.63.

Apollo Global Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 18th were paid a dividend of $0.463 per share. The ex-dividend date was Monday, November 18th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.46. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.09%. Apollo Global Management’s payout ratio is currently 19.33%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on APO. BMO Capital Markets boosted their target price on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. The Goldman Sachs Group boosted their target price on shares of Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Evercore ISI upped their price target on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Keefe, Bruyette & Woods upped their price target on shares of Apollo Global Management from $168.00 to $196.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. Finally, Morgan Stanley upped their price target on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and a consensus target price of $164.32.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 133,400 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $174.16, for a total value of $23,232,944.00. Following the completion of the sale, the insider now directly owns 35,471,373 shares of the company’s stock, valued at $6,177,694,321.68. The trade was a 0.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction that occurred 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 $55,332,552.04. The trade was a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 196,600 shares of company stock valued at $34,186,128 in the last three months. Company insiders own 8.50% of the company’s stock.

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.