Apollo Global Management, Inc. (NYSE:APO) Shares Acquired by AM Investment Strategies LLC

AM Investment Strategies LLC increased its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 0.3% during the third quarter, Holdings Channel.com reports. The fund owned 56,449 shares of the financial services provider’s stock after acquiring an additional 189 shares during the quarter. Apollo Global Management accounts for approximately 1.7% of AM Investment Strategies LLC’s investment portfolio, making the stock its 12th largest position. AM Investment Strategies LLC’s holdings in Apollo Global Management were worth $7,056,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of APO. Empowered Funds LLC lifted its holdings in shares of Apollo Global Management by 193.3% during the first quarter. Empowered Funds LLC now owns 51,181 shares of the financial services provider’s stock valued at $5,755,000 after purchasing an additional 33,731 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Apollo Global Management by 199.8% in the first quarter. Jennison Associates LLC now owns 925,222 shares of the financial services provider’s stock worth $104,041,000 after buying an additional 616,575 shares during the period. PGGM Investments purchased a new position in shares of Apollo Global Management in the first quarter worth approximately $840,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Apollo Global Management by 38.8% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 34,709 shares of the financial services provider’s stock valued at $3,903,000 after acquiring an additional 9,708 shares during the period. Finally, Mackenzie Financial Corp lifted its position in shares of Apollo Global Management by 4.5% in the 2nd quarter. Mackenzie Financial Corp now owns 178,868 shares of the financial services provider’s stock valued at $21,119,000 after acquiring an additional 7,679 shares in the last quarter. 77.06% of the stock is currently owned by institutional investors.

Apollo Global Management Stock Down 1.6 %

Shares of NYSE:APO traded down $2.26 on Friday, reaching $141.00. The company had a trading volume of 3,130,560 shares, compared to its average volume of 2,591,996. The stock has a 50-day moving average price of $127.94 and a 200 day moving average price of $119.08. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. Apollo Global Management, Inc. has a twelve month low of $82.30 and a twelve month high of $147.04. The stock has a market capitalization of $80.30 billion, a P/E ratio of 15.03, a P/E/G ratio of 1.60 and a beta of 1.62.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). The firm had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $873.18 million. Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. During the same period in the prior year, the business earned $1.54 EPS. On average, equities analysts expect that Apollo Global Management, Inc. will post 6.6 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Apollo Global Management from $129.00 to $124.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Wells Fargo & Company lifted their target price on Apollo Global Management from $148.00 to $149.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Bank of America raised shares of Apollo Global Management from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $124.00 to $123.00 in a research report on Tuesday, August 6th. Finally, Morgan Stanley boosted their price objective on shares of Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $139.56.

Insider Buying and Selling

In other Apollo Global Management news, Director Pauline Richards acquired 2,351 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average price of $104.92 per share, with a total value of $246,666.92. Following the transaction, the director now owns 85,854 shares of the company’s stock, valued at approximately $9,007,801.68. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.50% of the company’s stock.

Apollo Global Management Profile

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.