Pittenger & Anderson Inc. Purchases 1,000 Shares of Apollo Global Management, Inc. (NYSE:APO)

Pittenger & Anderson Inc. raised its holdings in Apollo Global Management, Inc. (NYSE:APO) by 111.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,900 shares of the financial services provider’s stock after buying an additional 1,000 shares during the period. Pittenger & Anderson Inc.’s holdings in Apollo Global Management were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Empowered Funds LLC lifted its position in Apollo Global Management by 193.3% in the 1st quarter. Empowered Funds LLC now owns 51,181 shares of the financial services provider’s stock valued at $5,755,000 after acquiring an additional 33,731 shares in the last quarter. PGGM Investments bought a new position in shares of Apollo Global Management in the first quarter valued at approximately $840,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Apollo Global Management by 38.8% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 34,709 shares of the financial services provider’s stock valued at $3,903,000 after buying an additional 9,708 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Apollo Global Management by 4.5% during the second quarter. Mackenzie Financial Corp now owns 178,868 shares of the financial services provider’s stock worth $21,119,000 after buying an additional 7,679 shares in the last quarter. Finally, Forsta AP Fonden raised its position in Apollo Global Management by 8.4% in the 3rd quarter. Forsta AP Fonden now owns 143,600 shares of the financial services provider’s stock valued at $17,937,000 after buying an additional 11,100 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Apollo Global Management Trading Up 7.0 %

NYSE:APO opened at $149.25 on Wednesday. The company has a market cap of $85.00 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.55 and a beta of 1.59. Apollo Global Management, Inc. has a 1 year low of $82.30 and a 1 year high of $151.84. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. The stock’s fifty day moving average price is $128.49 and its two-hundred day moving average price is $119.47.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on APO. Redburn Atlantic began coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Apollo Global Management from $129.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Barclays lifted their target price on shares of Apollo Global Management from $128.00 to $148.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Keefe, Bruyette & Woods upped their target price on Apollo Global Management from $134.00 to $141.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Finally, UBS Group lifted their price target on Apollo Global Management from $117.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.