Sentry Investment Management LLC Makes New Investment in Apollo Global Management, Inc. (NYSE:APO)

Sentry Investment Management LLC bought a new stake in shares of Apollo Global Management, Inc. (NYSE:APO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 1,847 shares of the financial services provider’s stock, valued at approximately $305,000.

Other hedge funds also recently modified their holdings of the company. Private Advisor Group LLC boosted its position in shares of Apollo Global Management by 4.1% in the 3rd quarter. Private Advisor Group LLC now owns 10,741 shares of the financial services provider’s stock worth $1,342,000 after purchasing an additional 423 shares during the last quarter. Allworth Financial LP lifted its stake in Apollo Global Management by 14.3% in the third quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock valued at $91,000 after buying an additional 91 shares during the period. Autumn Glory Partners LLC bought a new position in Apollo Global Management during the third quarter worth about $255,000. abrdn plc grew its position in shares of Apollo Global Management by 41.3% during the 3rd quarter. abrdn plc now owns 200,226 shares of the financial services provider’s stock worth $24,977,000 after buying an additional 58,485 shares during the period. Finally, Diversify Advisory Services LLC bought a new stake in shares of Apollo Global Management in the 3rd quarter valued at about $181,000. Institutional investors own 77.06% of the company’s stock.

Insider Activity

In other Apollo Global Management news, insider Leon D. Black sold 58,200 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total value of $10,090,134.00. Following the completion of the sale, the insider now owns 35,104,773 shares in the company, valued at $6,086,114,495.01. This trade represents a 0.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Martin Kelly sold 5,000 shares of Apollo Global Management stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $172.61, for a total transaction of $863,050.00. Following the completion of the transaction, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. This trade represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 201,600 shares of company stock worth $34,977,528 in the last quarter. Corporate insiders own 8.50% of the company’s stock.

Analyst Upgrades and Downgrades

APO has been the topic of several recent analyst reports. StockNews.com lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. UBS Group raised shares of Apollo Global Management to a “hold” rating in a report on Wednesday, November 13th. Morgan Stanley raised their price objective on Apollo Global Management from $169.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 11th. The Goldman Sachs Group lifted their target price on Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company lowered their price target on Apollo Global Management from $191.00 to $187.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $165.74.

Apollo Global Management Stock Performance

Shares of APO opened at $145.48 on Wednesday. The stock has a market capitalization of $82.31 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 1.17 and a beta of 1.63. Apollo Global Management, Inc. has a 12 month low of $95.11 and a 12 month high of $189.49. The firm has a fifty day simple moving average of $164.68 and a 200 day simple moving average of $148.75. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33.

Apollo Global Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Tuesday, February 18th. Apollo Global Management’s payout ratio is 25.31%.

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.