Sage Mountain Advisors LLC Invests $206,000 in Apollo Global Management, Inc. (NYSE:APO)

Sage Mountain Advisors LLC bought a new stake in Apollo Global Management, Inc. (NYSE:APO) in the 4th quarter, Holdings Channel.com reports. The fund bought 1,249 shares of the financial services provider’s stock, valued at approximately $206,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Independent Advisor Alliance increased its holdings in Apollo Global Management by 78.0% in the 4th quarter. Independent Advisor Alliance now owns 3,438 shares of the financial services provider’s stock valued at $568,000 after purchasing an additional 1,506 shares during the last quarter. Tower Wealth Partners Inc. increased its holdings in Apollo Global Management by 4.4% in the 4th quarter. Tower Wealth Partners Inc. now owns 1,743 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 74 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Apollo Global Management by 80.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 55,525 shares of the financial services provider’s stock valued at $9,171,000 after purchasing an additional 24,805 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Apollo Global Management by 9.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,171 shares of the financial services provider’s stock valued at $26,289,000 after purchasing an additional 14,317 shares during the last quarter. Finally, Taika Capital LP acquired a new stake in Apollo Global Management in the 4th quarter valued at approximately $367,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Up 3.3 %

Shares of NYSE APO opened at $134.72 on Thursday. Apollo Global Management, Inc. has a 12-month low of $95.11 and a 12-month high of $189.49. The company has a market capitalization of $76.85 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.17 and a beta of 1.66. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44. The firm’s 50-day moving average is $157.77 and its two-hundred day moving average is $150.78.

Apollo Global Management Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, February 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently 25.31%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Keefe, Bruyette & Woods decreased their price target on shares of Apollo Global Management from $196.00 to $194.00 and set an “outperform” rating for the company in a research report on Wednesday, February 5th. The Goldman Sachs Group raised their price target on shares of Apollo Global Management from $161.00 to $178.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Company decreased their price target on shares of Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Finally, Piper Sandler raised their price target on shares of Apollo Global Management from $188.00 to $202.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. One research 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 data from MarketBeat.com, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus target price of $165.74.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $158.28, for a total transaction of $791,400.00. Following the transaction, the chief financial officer now owns 377,164 shares of the company’s stock, valued at approximately $59,697,517.92. This represents a 1.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 8.50% of the company’s stock.

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.