Border to Coast Pensions Partnership Ltd Has $9.90 Million Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Border to Coast Pensions Partnership Ltd boosted its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 242.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,000 shares of the financial services provider’s stock after acquiring an additional 42,500 shares during the quarter. Border to Coast Pensions Partnership Ltd’s holdings in Apollo Global Management were worth $9,903,000 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. RDA Financial Network acquired a new stake in Apollo Global Management in the fourth quarter valued at $239,000. Empirical Asset Management LLC bought a new stake in shares of Apollo Global Management in the 4th quarter valued at about $2,706,000. Eagle Rock Investment Company LLC grew its position in shares of Apollo Global Management by 29.2% in the 4th quarter. Eagle Rock Investment Company LLC now owns 22,077 shares of the financial services provider’s stock valued at $3,646,000 after buying an additional 4,985 shares during the last quarter. Retireful LLC acquired a new stake in shares of Apollo Global Management in the fourth quarter valued at about $864,000. Finally, Ritholtz Wealth Management bought a new position in shares of Apollo Global Management during the fourth quarter worth about $229,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the company. Evercore ISI upped their target price on Apollo Global Management from $150.00 to $174.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. TD Cowen increased their price objective on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Morgan Stanley lifted their target price on shares of Apollo Global Management from $111.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. Wolfe Research began coverage on shares of Apollo Global Management in a research report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price target on the stock. Finally, StockNews.com lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and a consensus price target of $164.32.

Insider Buying and Selling at Apollo Global Management

In related news, insider Leon D. Black sold 58,200 shares of the firm’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 transaction, the insider now owns 35,104,773 shares of the company’s stock, valued at approximately $6,086,114,495.01. This trade represents a 0.17 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value 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. This trade represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have 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 Price Performance

Shares of APO opened at $165.80 on Friday. The business’s fifty day moving average is $169.09 and its 200 day moving average is $139.35. Apollo Global Management, Inc. has a 12-month low of $94.34 and a 12-month high of $189.49. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock has a market cap of $93.81 billion, a P/E ratio of 17.32, a P/E/G ratio of 1.20 and a beta of 1.63.

Apollo Global Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were paid a $0.463 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 1.12%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, November 18th. Apollo Global Management’s dividend payout ratio (DPR) is 19.33%.

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.