Apollo Global Management Inc. $APO Position Boosted by Plato Investment Management Ltd

Plato Investment Management Ltd boosted its holdings in Apollo Global Management Inc. (NYSE:APO) by 100.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,888 shares of the financial services provider’s stock after acquiring an additional 5,452 shares during the quarter. Plato Investment Management Ltd’s holdings in Apollo Global Management were worth $1,440,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in APO. Charles Schwab Investment Management Inc. increased its holdings in shares of Apollo Global Management by 1.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,050,164 shares of the financial services provider’s stock valued at $432,727,000 after purchasing an additional 36,866 shares during the period. Bank of New York Mellon Corp grew its position in Apollo Global Management by 2.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,451,537 shares of the financial services provider’s stock valued at $326,716,000 after buying an additional 48,053 shares in the last quarter. Bessemer Group Inc. increased its stake in Apollo Global Management by 31.1% during the 3rd quarter. Bessemer Group Inc. now owns 1,617,228 shares of the financial services provider’s stock valued at $215,530,000 after buying an additional 383,198 shares during the period. Amundi increased its stake in Apollo Global Management by 68.9% during the 2nd quarter. Amundi now owns 1,311,102 shares of the financial services provider’s stock valued at $187,199,000 after buying an additional 534,904 shares during the period. Finally, Heard Capital LLC raised its position in shares of Apollo Global Management by 14.1% during the 2nd quarter. Heard Capital LLC now owns 1,274,970 shares of the financial services provider’s stock worth $180,880,000 after buying an additional 157,750 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $133.24 on Monday. The company has a market capitalization of $77.34 billion, a PE ratio of 19.48, a price-to-earnings-growth 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 has a fifty day moving average of $141.58 and a 200-day moving average of $136.48. Apollo Global Management Inc. has a one year low of $102.58 and a one year high of $167.15.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 6,000 shares of the company’s stock in a transaction on 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 sale, the chief financial officer directly owned 325,604 shares of the company’s stock, valued at $42,787,621.64. This represents a 1.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 8.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on APO shares. Citigroup decreased their price objective on shares of Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, October 13th. BMO Capital Markets set a $136.00 price target on Apollo Global Management and gave the company a “market perform” rating in a research note on Tuesday, November 25th. Keefe, Bruyette & Woods lifted their price target on Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Barclays cut their price objective on Apollo Global Management from $172.00 to $168.00 and set an “overweight” rating for the company in a report on Friday, January 9th. Finally, Wolfe Research reaffirmed an “outperform” rating on shares of Apollo Global Management in a report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $165.62.

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.