Mutual Advisors LLC Acquires New Shares in Apollo Global Management Inc. $APO

Mutual Advisors LLC bought a new position in shares of Apollo Global Management Inc. (NYSE:APO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,912 shares of the financial services provider’s stock, valued at approximately $604,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Delos Wealth Advisors LLC purchased a new stake in Apollo Global Management in the 2nd quarter valued at about $25,000. Activest Wealth Management raised its stake in shares of Apollo Global Management by 875.0% in the 2nd quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 175 shares during the period. SJS Investment Consulting Inc. lifted its holdings in shares of Apollo Global Management by 1,123.5% in the 3rd quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 191 shares during the last quarter. Nemes Rush Group LLC acquired a new position in shares of Apollo Global Management in the 2nd quarter worth approximately $30,000. Finally, Rosenberg Matthew Hamilton boosted its position in shares of Apollo Global Management by 6,900.0% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 207 shares during the period. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Barclays cut their target price on Apollo Global Management from $172.00 to $168.00 and set an “overweight” rating on the stock in a research report on Friday, January 9th. TD Cowen reiterated a “buy” rating on shares of Apollo Global Management in a report on Tuesday, November 25th. Wolfe Research reissued an “outperform” rating on shares of Apollo Global Management in a research note on Wednesday, January 7th. BMO Capital Markets set a $136.00 target price on Apollo Global Management and gave the company a “market perform” rating in a research report on Tuesday, November 25th. Finally, Evercore ISI boosted their price target on shares of Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $165.62.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were 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 owned 325,604 shares in the company, valued at $42,787,621.64. The trade was a 1.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 8.20% of the stock is owned by corporate insiders.

Apollo Global Management Price Performance

APO stock opened at $125.95 on Friday. The business’s 50-day moving average is $141.54 and its two-hundred day moving average is $136.78. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market capitalization of $73.10 billion, a P/E ratio of 18.41, a P/E/G ratio of 1.19 and a beta of 1.57. Apollo Global Management Inc. has a 1 year low of $102.58 and a 1 year high of $168.25.

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.