SageView Advisory Group LLC Boosts Stake in Apollo Global Management, Inc. (NYSE:APO)

SageView Advisory Group LLC lifted its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,747 shares of the financial services provider’s stock after purchasing an additional 119 shares during the quarter. SageView Advisory Group LLC’s holdings in Apollo Global Management were worth $454,000 as of its most recent filing with the Securities and Exchange Commission.

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

Apollo Global Management Stock Performance

Shares of APO stock opened at $125.72 on Tuesday. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. The stock’s 50-day moving average price is $140.87 and its 200 day moving average price is $153.65. 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 capitalization of $71.72 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66.

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 given a $0.4625 dividend. 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 1.47%. Apollo Global Management’s dividend payout ratio (DPR) is 25.31%.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction 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 $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Leon D. Black sold 500,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $142.00, for a total value of $71,000,000.00. Following the transaction, the insider now owns 34,604,773 shares in the company, valued at $4,913,877,766. The trade was a 1.42 % decrease in their position. The disclosure for this sale can be found here. 8.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on APO. Raymond James assumed coverage on shares of Apollo Global Management in a research report on Thursday, April 10th. They set a “strong-buy” rating and a $173.00 price target on the stock. Barclays cut their price objective on 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. Piper Sandler cut their price target on Apollo Global Management from $202.00 to $193.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Citigroup decreased their price objective on Apollo Global Management from $191.00 to $138.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company reduced their target price on shares of Apollo Global Management from $177.00 to $139.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $156.00.

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.