Stephens Inc. AR Purchases 3,213 Shares of Apollo Global Management, Inc. (NYSE:APO)

Stephens Inc. AR lifted its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,399 shares of the financial services provider’s stock after acquiring an additional 3,213 shares during the period. Stephens Inc. AR’s holdings in Apollo Global Management were worth $17,912,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Capital Research Global Investors raised its stake in Apollo Global Management by 40.3% during the 1st quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock valued at $532,852,000 after buying an additional 1,360,525 shares during the last quarter. Legal & General Group Plc raised its stake in Apollo Global Management by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 4,383,217 shares of the financial services provider’s stock valued at $517,527,000 after buying an additional 126,859 shares during the last quarter. TD Asset Management Inc raised its stake in Apollo Global Management by 3.8% during the 2nd quarter. TD Asset Management Inc now owns 2,697,739 shares of the financial services provider’s stock valued at $318,522,000 after buying an additional 97,797 shares during the last quarter. Curated Wealth Partners LLC raised its stake in Apollo Global Management by 200.3% during the 2nd quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock valued at $278,945,000 after buying an additional 4,717,661 shares during the last quarter. Finally, William Blair Investment Management LLC raised its stake in Apollo Global Management by 8.4% during the 1st quarter. William Blair Investment Management LLC now owns 1,904,212 shares of the financial services provider’s stock valued at $214,129,000 after buying an additional 147,710 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Trading Down 1.8 %

Shares of Apollo Global Management stock opened at $143.26 on Friday. The company has a fifty day moving average of $127.35 and a 200 day moving average of $118.85. Apollo Global Management, Inc. has a fifty-two week low of $77.11 and a fifty-two week high of $147.04. The company has a market capitalization of $81.59 billion, a P/E ratio of 15.27, a P/E/G ratio of 1.60 and a beta of 1.62. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.03). Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. The company had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $873.18 million. During the same period last year, the company earned $1.54 EPS. On average, sell-side analysts anticipate that Apollo Global Management, Inc. will post 6.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Apollo Global Management

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on APO shares. Barclays boosted their target price on shares of Apollo Global Management from $128.00 to $148.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Wells Fargo & Company boosted their target price on shares of Apollo Global Management from $148.00 to $149.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. The Goldman Sachs Group upped their price objective on Apollo Global Management from $128.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. Wolfe Research assumed coverage on Apollo Global Management in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 price objective for the company. Finally, BMO Capital Markets upped their price objective on Apollo Global Management from $123.00 to $138.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $139.56.

Apollo Global Management Company 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.