Apollo Global Management Inc. $APO Shares Bought by Plato Investment Management Ltd

Plato Investment Management Ltd lifted its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 100.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,888 shares of the financial services provider’s stock after buying an additional 5,452 shares during the quarter. Plato Investment Management Ltd’s holdings in Apollo Global Management were worth $1,440,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in APO. Amundi increased its position in shares of Apollo Global Management by 68.9% in the 2nd quarter. Amundi now owns 1,311,102 shares of the financial services provider’s stock worth $187,199,000 after purchasing an additional 534,904 shares during the last quarter. Marshall Wace LLP grew its stake in Apollo Global Management by 5,670.1% in the second quarter. Marshall Wace LLP now owns 395,020 shares of the financial services provider’s stock worth $56,041,000 after purchasing an additional 388,174 shares in the last quarter. Bessemer Group Inc. grew its stake in Apollo Global Management by 31.1% in the third quarter. Bessemer Group Inc. now owns 1,617,228 shares of the financial services provider’s stock worth $215,530,000 after purchasing an additional 383,198 shares in the last quarter. Westfield Capital Management Co. LP increased its holdings in Apollo Global Management by 54.3% in the second quarter. Westfield Capital Management Co. LP now owns 761,721 shares of the financial services provider’s stock valued at $108,065,000 after buying an additional 268,119 shares during the last quarter. Finally, Select Equity Group L.P. raised its stake in Apollo Global Management by 52.9% during the second quarter. Select Equity Group L.P. now owns 689,212 shares of the financial services provider’s stock valued at $97,779,000 after buying an additional 238,327 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Morgan Stanley upgraded Apollo Global Management from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $151.00 to $180.00 in a research report on Thursday, November 20th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Apollo Global Management in a report on Tuesday, November 25th. 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 report on Tuesday, November 25th. Wall Street Zen upgraded shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Apollo Global Management in a report on Tuesday, November 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and an average target price of $165.62.

Apollo Global Management Stock Performance

APO stock opened at $133.24 on Monday. Apollo Global Management Inc. has a 1 year low of $102.58 and a 1 year high of $167.15. The stock has a market capitalization of $77.34 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 1.20 and a beta of 1.57. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.49 and a current ratio of 1.49. The stock’s fifty day moving average is $141.58 and its two-hundred day moving average is $136.48.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 6,000 shares of Apollo Global Management stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $131.41, for a total value of $788,460.00. Following the sale, the chief financial officer directly owned 325,604 shares in the company, valued at $42,787,621.64. This trade represents a 1.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.50% of the stock is currently owned by company insiders.

Apollo Global Management Company Profile

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.