3,090 Shares in Apollo Global Management, Inc. (NYSE:APO) Purchased by Sage Investment Counsel LLC

Sage Investment Counsel LLC bought a new position in Apollo Global Management, Inc. (NYSE:APO) during the fourth quarter, Holdings Channel reports. The firm bought 3,090 shares of the financial services provider’s stock, valued at approximately $510,000.

A number of other hedge funds also recently made changes to their positions in APO. Private Advisor Group LLC lifted its position in shares of Apollo Global Management by 4.1% in the third quarter. Private Advisor Group LLC now owns 10,741 shares of the financial services provider’s stock worth $1,342,000 after buying an additional 423 shares in the last quarter. Allworth Financial LP lifted its position in shares of Apollo Global Management by 14.3% in the third quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock worth $91,000 after buying an additional 91 shares in the last quarter. abrdn plc lifted its position in shares of Apollo Global Management by 41.3% in the third quarter. abrdn plc now owns 200,226 shares of the financial services provider’s stock worth $24,977,000 after buying an additional 58,485 shares in the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of Apollo Global Management in the third quarter worth about $181,000. Finally, First Trust Direct Indexing L.P. raised its position in Apollo Global Management by 21.6% during the third quarter. First Trust Direct Indexing L.P. now owns 7,667 shares of the financial services provider’s stock valued at $958,000 after purchasing an additional 1,360 shares during the period. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Stock Up 1.2 %

Shares of NYSE:APO opened at $149.21 on Friday. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. The stock has a market cap of $84.42 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 1.17 and a beta of 1.63. The business’s 50 day moving average is $163.39 and its 200 day moving average is $149.05. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a $0.4625 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 annualized dividend and a yield of 1.24%. Apollo Global Management’s dividend payout ratio (DPR) is currently 25.31%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. UBS Group upgraded Apollo Global Management to a “hold” rating in a research report on Wednesday, November 13th. Wells Fargo & Company decreased their price objective on Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Morgan Stanley upped their price objective on Apollo Global Management from $169.00 to $170.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 11th. Barclays upped their price objective on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, Citigroup upped their price objective on Apollo Global Management from $162.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $165.74.

Insider Buying and Selling

In other Apollo Global Management news, insider Leon D. Black sold 133,400 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total transaction of $23,232,944.00. Following the sale, the insider now owns 35,471,373 shares of the company’s stock, valued at approximately $6,177,694,321.68. This trade represents a 0.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Martin Kelly sold 5,000 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total value of $863,050.00. Following the sale, the chief financial officer now directly owns 320,564 shares in the company, 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. Insiders have sold a total of 201,600 shares of company stock valued at $34,977,528 over the last quarter. 8.50% of the stock is owned by corporate insiders.

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.