Pittenger & Anderson Inc. Boosts Holdings in Apollo Global Management, Inc. (NYSE:APO)

Pittenger & Anderson Inc. grew its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 111.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,900 shares of the financial services provider’s stock after purchasing an additional 1,000 shares during the period. Pittenger & Anderson Inc.’s holdings in Apollo Global Management were worth $237,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Chicago Capital LLC grew its holdings in shares of Apollo Global Management by 1.2% during the 3rd quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock valued at $709,000 after purchasing an additional 69 shares during the last quarter. Cyndeo Wealth Partners LLC boosted its position in Apollo Global Management by 3.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock valued at $336,000 after buying an additional 77 shares during the period. Cigna Investments Inc. New grew its stake in shares of Apollo Global Management by 1.8% during the third quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider’s stock valued at $645,000 after buying an additional 90 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Apollo Global Management by 14.3% in the third quarter. Allworth Financial LP now owns 729 shares of the financial services provider’s stock worth $91,000 after buying an additional 91 shares during the period. Finally, FineMark National Bank & Trust lifted its stake in shares of Apollo Global Management by 2.4% in the 2nd quarter. FineMark National Bank & Trust now owns 4,117 shares of the financial services provider’s stock valued at $486,000 after acquiring an additional 98 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Up 7.0 %

NYSE:APO opened at $149.25 on Wednesday. The company has a market capitalization of $85.00 billion, a PE ratio of 15.91, a P/E/G ratio of 1.55 and a beta of 1.59. 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, Inc. has a 1-year low of $82.30 and a 1-year high of $151.84. The firm’s 50-day moving average price is $128.49 and its 200-day moving average price is $119.47.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on APO. BMO Capital Markets raised their price target on Apollo Global Management from $123.00 to $138.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 2nd. StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. The Goldman Sachs Group increased their price target on shares of Apollo Global Management from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Keefe, Bruyette & Woods raised their price target on shares of Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Finally, Deutsche Bank Aktiengesellschaft lowered 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 note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.