Bessemer Group Inc. Buys 383,198 Shares of Apollo Global Management Inc. $APO

Bessemer Group Inc. raised its stake in Apollo Global Management Inc. (NYSE:APO) by 31.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,617,228 shares of the financial services provider’s stock after acquiring an additional 383,198 shares during the quarter. Bessemer Group Inc. owned approximately 0.28% of Apollo Global Management worth $215,530,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Savant Capital LLC lifted its stake in Apollo Global Management by 81.6% in the third quarter. Savant Capital LLC now owns 2,677 shares of the financial services provider’s stock valued at $357,000 after purchasing an additional 1,203 shares during the last quarter. J.W. Cole Advisors Inc. raised its stake in shares of Apollo Global Management by 8.5% in the third quarter. J.W. Cole Advisors Inc. now owns 12,257 shares of the financial services provider’s stock valued at $1,633,000 after buying an additional 961 shares during the period. Truxt Investmentos Ltda. purchased a new position in shares of Apollo Global Management during the 3rd quarter valued at $983,000. Atlantic Union Bankshares Corp grew its stake in shares of Apollo Global Management by 99.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 99 shares during the period. Finally, Money Concepts Capital Corp increased its holdings in Apollo Global Management by 15.6% in the 3rd quarter. Money Concepts Capital Corp now owns 8,438 shares of the financial services provider’s stock worth $1,125,000 after acquiring an additional 1,137 shares during the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Insider Transactions at Apollo Global Management

In related news, CFO Martin Kelly sold 6,000 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $131.41, for a total transaction of $788,460.00. Following the completion of the transaction, the chief financial officer directly owned 325,604 shares in the company, valued at $42,787,621.64. The trade was a 1.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.20% of the company’s stock.

Apollo Global Management Stock Performance

NYSE APO opened at $132.61 on Thursday. The company’s 50 day simple moving average is $141.63 and its two-hundred day simple moving average is $136.86. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.49. Apollo Global Management Inc. has a 1 year low of $102.58 and a 1 year high of $168.25. The stock has a market capitalization of $76.97 billion, a PE ratio of 19.39, a P/E/G ratio of 1.14 and a beta of 1.57.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on APO. BMO Capital Markets set a $136.00 target price on shares of Apollo Global Management and gave the stock a “market perform” rating in a research report on Tuesday, November 25th. Evercore ISI upped their price target on shares of Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. Barclays reduced their price objective on shares of Apollo Global Management from $172.00 to $168.00 and set an “overweight” rating for the company in a research note on Friday, January 9th. Wolfe Research restated an “outperform” rating on shares of Apollo Global Management in a research report on Wednesday, January 7th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Apollo Global Management in a report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $165.62.

About Apollo Global Management

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.