E. Ohman J or Asset Management AB Acquires 1,350 Shares of Apollo Global Management, Inc. (NYSE:APO)

E. Ohman J or Asset Management AB boosted its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 8.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,850 shares of the financial services provider’s stock after purchasing an additional 1,350 shares during the period. E. Ohman J or Asset Management AB’s holdings in Apollo Global Management were worth $2,948,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA bought a new position in shares of Apollo Global Management during the 3rd quarter worth approximately $35,000. Retirement Wealth Solutions LLC bought a new position in shares of Apollo Global Management during the fourth quarter valued at $39,000. UMB Bank n.a. boosted its stake in shares of Apollo Global Management by 447.1% in the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 228 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Apollo Global Management in the 3rd quarter worth about $80,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Apollo Global Management during the 3rd quarter worth about $83,000. 77.06% of the stock is owned by institutional investors and hedge funds.

Apollo Global Management Price Performance

Shares of APO stock opened at $162.86 on Wednesday. The firm’s 50 day moving average price is $169.71 and its two-hundred day moving average price is $144.10. The stock has a market cap of $92.15 billion, a PE ratio of 17.02, a PEG ratio of 1.37 and a beta of 1.63. Apollo Global Management, Inc. has a 52-week low of $95.11 and a 52-week high of $189.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44.

Analysts Set New Price Targets

Several analysts have weighed in on APO shares. StockNews.com cut shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. Barclays raised their price target on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a report on Monday, December 9th. The Goldman Sachs Group boosted their price objective on Apollo Global Management from $161.00 to $178.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Morgan Stanley raised their target price on Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research note on Thursday, October 10th. Finally, TD Cowen upped their price target on shares of Apollo Global Management from $178.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.32.

Insider Transactions at Apollo Global Management

In related news, insider Leon D. Black sold 58,200 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $173.37, for a total transaction of $10,090,134.00. Following the transaction, the insider now 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction, the chief financial officer now owns 320,564 shares of the company’s stock, valued at approximately $55,332,552.04. This represents a 1.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 196,600 shares of company stock worth $34,186,128 in the last three months. 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.