Avitas Wealth Management LLC Sells 171 Shares of Apollo Global Management, Inc. (NYSE:APO)

Avitas Wealth Management LLC trimmed its stake in Apollo Global Management, Inc. (NYSE:APO) by 2.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,478 shares of the financial services provider’s stock after selling 171 shares during the quarter. Avitas Wealth Management LLC’s holdings in Apollo Global Management were worth $1,070,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of Apollo Global Management by 11.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,404 shares of the financial services provider’s stock valued at $638,000 after buying an additional 560 shares in the last quarter. Cetera Investment Advisers lifted its stake in Apollo Global Management by 3.3% in the second quarter. Cetera Investment Advisers now owns 51,218 shares of the financial services provider’s stock valued at $6,047,000 after acquiring an additional 1,657 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Apollo Global Management in the 3rd quarter valued at about $543,000. GAMMA Investing LLC increased its stake in shares of Apollo Global Management by 4.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,508 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 113 shares during the last quarter. Finally, Miracle Mile Advisors LLC raised its holdings in shares of Apollo Global Management by 39.4% in the 3rd quarter. Miracle Mile Advisors LLC now owns 12,101 shares of the financial services provider’s stock valued at $1,512,000 after purchasing an additional 3,423 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on APO shares. Citigroup lifted their price target on Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Barclays boosted their target price on Apollo Global Management from $174.00 to $200.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Keefe, Bruyette & Woods raised their price target on Apollo Global Management from $168.00 to $196.00 and gave the company an “outperform” rating in a report on Friday, December 20th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, BMO Capital Markets increased their price objective on shares of Apollo Global Management from $157.00 to $186.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $164.32.

Apollo Global Management Trading Down 2.5 %

Shares of APO stock opened at $162.86 on Wednesday. The stock has a market cap of $92.15 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 1.37 and a beta of 1.63. Apollo Global Management, Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock has a 50 day simple moving average of $169.71 and a 200 day simple moving average of $144.10.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, insider Leon D. Black sold 58,200 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 35,104,773 shares of the company’s stock, valued at $6,086,114,495.01. This trade represents a 0.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction that occurred on 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 owns 320,564 shares of the company’s stock, valued at $55,332,552.04. The trade was a 1.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 196,600 shares of company stock valued at $34,186,128 in the last three months. Corporate insiders own 8.50% of the company’s stock.

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.