2,068 Shares in Apollo Global Management, Inc. (NYSE:APO) Purchased by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC bought a new position in Apollo Global Management, Inc. (NYSE:APO) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 2,068 shares of the financial services provider’s stock, valued at approximately $342,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Hopwood Financial Services Inc. bought a new position in shares of Apollo Global Management in the fourth quarter worth approximately $33,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Apollo Global Management during the 4th quarter valued at $34,000. Byrne Asset Management LLC bought a new stake in shares of Apollo Global Management during the 4th quarter worth $37,000. Retirement Wealth Solutions LLC purchased a new position in Apollo Global Management in the fourth quarter worth $39,000. Finally, HM Payson & Co. bought a new position in Apollo Global Management in the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analyst Ratings Changes

APO has been the subject of a number of research reports. Morgan Stanley cut their price objective on Apollo Global Management from $170.00 to $131.00 and set an “equal weight” rating for the company in a report on Monday. Keefe, Bruyette & Woods reduced their price target on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Piper Sandler lowered their price objective on shares of Apollo Global Management from $202.00 to $193.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. Barclays decreased their target price on shares of Apollo Global Management from $196.00 to $145.00 and set an “overweight” rating on the stock in a research report on Monday, April 7th. Finally, BMO Capital Markets upped their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $156.00.

Apollo Global Management Stock Performance

Shares of APO stock opened at $127.71 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $72.85 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49. The company’s 50-day moving average is $140.13 and its 200 day moving average is $153.47.

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 issued a $0.4625 dividend. The ex-dividend date was Tuesday, February 18th. This represents a $1.85 dividend on an annualized basis and a yield of 1.45%. Apollo Global Management’s payout ratio is currently 25.31%.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $158.28, for a total transaction of $791,400.00. Following the transaction, the chief financial officer now directly owns 377,164 shares of the company’s stock, valued at $59,697,517.92. The trade was a 1.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Leon D. Black sold 500,000 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $142.00, for a total value of $71,000,000.00. Following the sale, the insider now directly owns 34,604,773 shares in the company, valued at approximately $4,913,877,766. This represents a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by insiders.

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.