Private Wealth Partners LLC Has $1.05 Million Stake in Apollo Global Management, Inc. (NYSE:APO)

Private Wealth Partners LLC lifted its position in Apollo Global Management, Inc. (NYSE:APO) by 104.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,390 shares of the financial services provider’s stock after purchasing an additional 4,290 shares during the quarter. Private Wealth Partners LLC’s holdings in Apollo Global Management were worth $1,048,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of APO. Curated Wealth Partners LLC grew its position in Apollo Global Management by 200.3% in the second quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock valued at $278,945,000 after acquiring an additional 4,717,661 shares during the period. Capital Research Global Investors grew its position in Apollo Global Management by 40.3% in the first quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock valued at $532,852,000 after acquiring an additional 1,360,525 shares during the period. Jennison Associates LLC grew its position in Apollo Global Management by 199.8% in the first quarter. Jennison Associates LLC now owns 925,222 shares of the financial services provider’s stock valued at $104,041,000 after acquiring an additional 616,575 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in Apollo Global Management in the second quarter valued at $62,972,000. Finally, 1832 Asset Management L.P. grew its position in Apollo Global Management by 66.0% in the first quarter. 1832 Asset Management L.P. now owns 1,257,460 shares of the financial services provider’s stock valued at $141,401,000 after acquiring an additional 499,930 shares during the period. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Apollo Global Management

In related news, Director Pauline Richards bought 2,351 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were purchased at an average price of $104.92 per share, with a total value of $246,666.92. Following the completion of the purchase, the director now 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 legal filing with the SEC, which is available at this hyperlink. Insiders own 8.50% of the company’s stock.

Apollo Global Management Trading Down 1.6 %

NYSE:APO opened at $141.00 on Friday. Apollo Global Management, Inc. has a 1-year low of $82.30 and a 1-year high of $147.04. The business’s 50-day moving average price is $127.94 and its two-hundred day moving average price is $119.08. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $80.30 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 1.60 and a beta of 1.62.

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 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 during the quarter, compared to analyst estimates of $873.18 million. During the same period in the previous year, the company posted $1.54 EPS. On average, equities analysts expect that Apollo Global Management, Inc. will post 6.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on APO. Morgan Stanley upped their price target on Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Redburn Partners started coverage on Apollo Global Management in a report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price on the stock. Wolfe Research started coverage on Apollo Global Management in a report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 target price on the stock. TD Cowen increased their target price on Apollo Global Management from $135.00 to $162.00 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Finally, BMO Capital Markets increased their target price on Apollo Global Management from $123.00 to $138.00 and gave the stock an “outperform” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $139.56.

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.