Avitas Wealth Management LLC Has $1.07 Million Holdings in Apollo Global Management, Inc. (NYSE:APO)

Avitas Wealth Management LLC lessened its holdings in Apollo Global Management, Inc. (NYSE:APO) by 2.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,478 shares of the financial services provider’s stock after selling 171 shares during the period. 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 institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Apollo Global Management by 27.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,806,098 shares of the financial services provider’s stock valued at $225,600,000 after purchasing an additional 383,557 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Apollo Global Management by 12,086.7% during the third quarter. International Assets Investment Management LLC now owns 370,233 shares of the financial services provider’s stock worth $462,460,000 after buying an additional 367,195 shares during the last quarter. Holocene Advisors LP increased its holdings in shares of Apollo Global Management by 530.9% during the third quarter. Holocene Advisors LP now owns 402,228 shares of the financial services provider’s stock worth $50,242,000 after buying an additional 338,472 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Apollo Global Management by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 5,717,266 shares of the financial services provider’s stock valued at $713,230,000 after acquiring an additional 254,268 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Apollo Global Management by 43.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 767,014 shares of the financial services provider’s stock valued at $95,808,000 after acquiring an additional 233,670 shares during the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on Apollo Global Management from $141.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Wells Fargo & Company lowered their price objective on Apollo Global Management from $197.00 to $191.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. The Goldman Sachs Group lifted their target price on shares of Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods upped their price target on shares of Apollo Global Management from $168.00 to $196.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Finally, Evercore ISI lifted their price target on shares of Apollo Global Management from $150.00 to $174.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $164.32.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the completion of the sale, the chief financial officer now directly owns 320,564 shares of the company’s stock, valued at $55,332,552.04. The trade was a 1.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Leon D. Black sold 133,400 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the transaction, the insider now directly owns 35,471,373 shares in the company, valued at approximately $6,177,694,321.68. This trade represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 196,600 shares of company stock valued at $34,186,128. 8.50% of the stock is currently owned by company insiders.

Apollo Global Management Stock Down 2.5 %

Shares of Apollo Global Management stock opened at $162.86 on Wednesday. The stock’s 50-day moving average is $169.71 and its 200 day moving average is $144.10. Apollo Global Management, Inc. has a one year low of $95.11 and a one year high of $189.49. The firm has a market cap of $92.15 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 1.37 and a beta of 1.63. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 1.44.

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.