Avitas Wealth Management LLC Sells 497 Shares of Apollo Global Management, Inc. (NYSE:APO)

Avitas Wealth Management LLC lowered its position in Apollo Global Management, Inc. (NYSE:APO) by 7.0% in the 3rd quarter, HoldingsChannel reports. The fund owned 6,649 shares of the financial services provider’s stock after selling 497 shares during the period. Avitas Wealth Management LLC’s holdings in Apollo Global Management were worth $831,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on APO shares. BMO Capital Markets lifted their price objective on Apollo Global Management from $123.00 to $138.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft reduced their target price on Apollo Global Management from $129.00 to $124.00 and set a “buy” rating for the company in a report on Thursday, August 15th. The Goldman Sachs Group lifted their target price on Apollo Global Management from $128.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Redburn Partners initiated coverage on Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price for the company. Finally, Barclays lifted their target price on Apollo Global Management from $128.00 to $148.00 and gave the company an “overweight” rating in a report on Monday, October 7th. 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.56.

Insider Buying and Selling

In other news, Director Pauline Richards bought 2,351 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was bought at an average price of $104.92 per share, for a total transaction of $246,666.92. Following the transaction, the director now directly owns 85,854 shares of the company’s stock, valued at $9,007,801.68. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.50% of the stock is currently owned by corporate insiders.

Apollo Global Management Stock Performance

NYSE:APO opened at $145.93 on Thursday. The business has a 50 day moving average of $126.66 and a 200 day moving average of $118.68. The company has a market capitalization of $82.91 billion, a price-to-earnings ratio of 16.16, a PEG ratio of 1.39 and a beta of 1.62. Apollo Global Management, Inc. has a 1-year low of $77.11 and a 1-year high of $147.04. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26.

Apollo Global Management (NYSE:APO) last released its earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). The firm had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $873.18 million. Apollo Global Management had a return on equity of 16.98% and a net margin of 21.90%. During the same quarter in the previous year, the firm earned $1.54 EPS. On average, sell-side analysts predict that Apollo Global Management, Inc. will post 6.66 earnings per share for the current fiscal year.

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.