Burkehill Global Management LP Buys New Stake in Apollo Global Management, Inc. (NYSE:APO)

Burkehill Global Management LP bought a new position in shares of Apollo Global Management, Inc. (NYSE:APO) in the fourth quarter, HoldingsChannel.com reports. The firm bought 200,000 shares of the financial services provider’s stock, valued at approximately $33,032,000. Apollo Global Management comprises about 3.2% of Burkehill Global Management LP’s portfolio, making the stock its 6th largest position.

Other hedge funds also recently bought and sold shares of the company. Hopwood Financial Services Inc. bought a new position in shares of Apollo Global Management in the fourth quarter worth about $33,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Apollo Global Management in the 4th quarter valued at approximately $34,000. Byrne Asset Management LLC bought a new position in Apollo Global Management in the 4th quarter worth approximately $37,000. Retirement Wealth Solutions LLC acquired a new position in shares of Apollo Global Management during the fourth quarter worth approximately $39,000. Finally, HM Payson & Co. acquired a new position in shares of Apollo Global Management during the fourth quarter worth approximately $45,000. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock opened at $134.72 on Thursday. The stock has a market capitalization of $76.85 billion, a price-to-earnings ratio of 18.43, a P/E/G ratio of 1.17 and a beta of 1.66. The firm’s 50-day moving average price is $157.77 and its two-hundred day moving average price is $150.78. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. Apollo Global Management, Inc. has a 1-year low of $95.11 and a 1-year high of $189.49.

Apollo Global Management Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a dividend of $0.4625 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.37%. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $158.28, for a total value of $791,400.00. Following the completion of the transaction, the chief financial officer now directly owns 377,164 shares of the company’s stock, valued at approximately $59,697,517.92. The trade was a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on APO. The Goldman Sachs Group boosted their target price on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods dropped their price objective on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. BMO Capital Markets increased their target price on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th. Piper Sandler boosted their price target on Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $165.74.

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.