Sagespring Wealth Partners LLC Invests $342,000 in Apollo Global Management, Inc. (NYSE:APO)

Sagespring Wealth Partners LLC bought a new stake in Apollo Global Management, Inc. (NYSE:APO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,068 shares of the financial services provider’s stock, valued at approximately $342,000.

Other institutional investors have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. increased its holdings in shares of Apollo Global Management by 2.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,704 shares of the financial services provider’s stock valued at $447,000 after acquiring an additional 71 shares in the last quarter. Tower Wealth Partners Inc. raised its holdings in Apollo Global Management by 4.4% during the fourth quarter. Tower Wealth Partners Inc. now owns 1,743 shares of the financial services provider’s stock worth $288,000 after buying an additional 74 shares during the last quarter. Sfmg LLC lifted its stake in shares of Apollo Global Management by 1.1% in the third quarter. Sfmg LLC now owns 7,220 shares of the financial services provider’s stock valued at $902,000 after buying an additional 79 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of Apollo Global Management by 0.9% during the fourth quarter. Global Retirement Partners LLC now owns 9,924 shares of the financial services provider’s stock valued at $1,639,000 after buying an additional 90 shares during the last quarter. Finally, Westmount Partners LLC increased its position in shares of Apollo Global Management by 1.8% during the fourth quarter. Westmount Partners LLC now owns 5,091 shares of the financial services provider’s stock worth $841,000 after acquiring an additional 91 shares in the last quarter. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Trading Up 1.7 %

Shares of APO opened at $127.71 on Wednesday. The firm has a market cap of $72.85 billion, a P/E 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 fifty-two week low of $95.11 and a fifty-two week high of $189.49. 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 business has a 50-day moving average of $140.13 and a 200 day moving average of $153.47.

Apollo Global Management Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were given a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.45%. The ex-dividend date was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is currently 25.31%.

Analyst Upgrades and Downgrades

APO has been the topic of several recent research reports. Wells Fargo & Company dropped their price target on shares of Apollo Global Management from $177.00 to $139.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. TD Cowen cut their target price on Apollo Global Management from $214.00 to $144.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Citigroup lowered their price target on Apollo Global Management from $191.00 to $138.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Bank of America upped their target price on shares of Apollo Global Management from $186.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, April 4th. Finally, BMO Capital Markets boosted their price target on shares of Apollo Global Management from $157.00 to $186.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. One equities 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $156.00.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 500,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now owns 34,604,773 shares in the company, valued at $4,913,877,766. This trade represents a 1.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lb 2018 Gst Trust purchased 607,725 shares of the firm’s stock in a transaction dated Friday, April 4th. The shares were bought at an average price of $111.39 per share, for a total transaction of $67,694,487.75. Following the completion of the transaction, the insider now owns 621,754 shares of the company’s stock, valued at approximately $69,257,178.06. This trade represents a 4,331.92 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 8.50% of the stock is currently owned by corporate 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.