Sapient Capital LLC Makes New $460,000 Investment in Apollo Global Management, Inc. (NYSE:APO)

Sapient Capital LLC acquired a new stake in shares of Apollo Global Management, Inc. (NYSE:APO) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 4,932 shares of the financial services provider’s stock, valued at approximately $460,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Sugarloaf Wealth Management LLC acquired a new stake in Apollo Global Management during the fourth quarter worth about $31,000. Blue Trust Inc. grew its holdings in shares of Apollo Global Management by 151.4% during the 4th quarter. Blue Trust Inc. now owns 367 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 221 shares during the period. CVA Family Office LLC acquired a new stake in Apollo Global Management during the 4th quarter worth approximately $34,000. Hanseatic Management Services Inc. purchased a new position in Apollo Global Management in the third quarter valued at approximately $39,000. Finally, Allworth Financial LP lifted its position in Apollo Global Management by 66.4% during the third quarter. Allworth Financial LP now owns 501 shares of the financial services provider’s stock valued at $45,000 after buying an additional 200 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Stock Performance

Shares of APO opened at $109.75 on Monday. The stock has a market capitalization of $62.36 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 0.92 and a beta of 1.61. The business’s fifty day moving average price is $111.11 and its 200 day moving average price is $100.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.54 and a quick ratio of 1.54. Apollo Global Management, Inc. has a 12-month low of $59.89 and a 12-month high of $117.15.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Thursday, February 8th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. Apollo Global Management had a net margin of 16.27% and a return on equity of 20.77%. The company had revenue of $795.00 million for the quarter, compared to the consensus estimate of $823.27 million. Equities research analysts forecast that Apollo Global Management, Inc. will post 7.43 EPS for the current year.

Apollo Global Management Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a $0.463 dividend. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.85 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Thursday, May 16th. Apollo Global Management’s payout ratio is presently 19.05%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on APO shares. Keefe, Bruyette & Woods increased their price objective on shares of Apollo Global Management from $122.00 to $131.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. JMP Securities reissued a “market perform” rating on shares of Apollo Global Management in a research report on Tuesday, April 9th. Morgan Stanley boosted their price objective on Apollo Global Management from $94.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. JPMorgan Chase & Co. increased their target price on Apollo Global Management from $122.00 to $123.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. Finally, Citigroup raised their target price on Apollo Global Management from $111.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus price target of $114.31.

Insider Activity

In related news, insider Leon D. Black sold 300,000 shares of the business’s stock in a transaction that occurred on Saturday, February 24th. The stock was sold at an average price of $111.51, for a total transaction of $33,453,000.00. Following the completion of the transaction, the insider now owns 43,054,773 shares in the company, valued at approximately $4,801,037,737.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Apollo Global Management news, insider Leon D. Black sold 300,000 shares of Apollo Global Management stock in a transaction on Saturday, February 24th. The stock was sold at an average price of $111.51, for a total transaction of $33,453,000.00. Following the sale, the insider now owns 43,054,773 shares of the company’s stock, valued at approximately $4,801,037,737.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider James C. Zelter sold 150,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $109.16, for a total value of $16,374,000.00. Following the completion of the transaction, the insider now directly owns 1,454,588 shares of the company’s stock, valued at approximately $158,782,826.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,426,000 shares of company stock valued at $158,226,960. 8.70% of the stock is currently owned by insiders.

Apollo Global Management Profile

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.