Apollo Global Management Inc. $APO is Partners Group Holding AG’s 3rd Largest Position

Partners Group Holding AG boosted its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 4.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 628,770 shares of the financial services provider’s stock after buying an additional 27,613 shares during the quarter. Apollo Global Management makes up 4.2% of Partners Group Holding AG’s portfolio, making the stock its 3rd largest position. Partners Group Holding AG owned 0.11% of Apollo Global Management worth $89,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. True North Advisors LLC bought a new stake in Apollo Global Management during the 1st quarter valued at about $2,097,000. U.S. Capital Wealth Advisors LLC raised its holdings in shares of Apollo Global Management by 25.3% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 11,749 shares of the financial services provider’s stock valued at $1,609,000 after purchasing an additional 2,375 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Apollo Global Management by 24.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider’s stock valued at $490,482,000 after purchasing an additional 706,181 shares in the last quarter. Davidson Investment Advisors bought a new stake in shares of Apollo Global Management in the 1st quarter valued at about $443,000. Finally, Dakota Wealth Management bought a new stake in shares of Apollo Global Management in the 1st quarter valued at about $297,000. Institutional investors own 77.06% of the company’s stock.

Wall Street Analyst Weigh In

APO has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Weiss Ratings restated a “hold (c)” rating on shares of Apollo Global Management in a report on Wednesday, October 8th. Piper Sandler restated an “overweight” rating on shares of Apollo Global Management in a report on Tuesday, October 7th. BMO Capital Markets initiated coverage on shares of Apollo Global Management in a report on Friday, October 3rd. They issued a “market perform” rating and a $132.00 price target for the company. Finally, Citigroup reduced their price target on shares of Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $162.57.

Insider Buying and Selling

In other Apollo Global Management news, insider Whitney Chatterjee sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total transaction of $657,135.00. Following the sale, the insider owned 83,192 shares of the company’s stock, valued at approximately $12,148,527.76. The trade was a 5.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Martin Kelly sold 15,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total transaction of $2,249,205.00. Following the sale, the chief financial officer directly owned 332,399 shares in the company, valued at approximately $48,234,418.89. This represents a 4.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 935,000 shares of company stock worth $125,543,790 in the last 90 days. 8.20% of the stock is owned by corporate insiders.

Apollo Global Management Trading Down 0.3%

NYSE APO opened at $124.00 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. The firm has a market cap of $70.93 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 1.42 and a beta of 1.68. The company has a 50 day moving average price of $131.30 and a 200 day moving average price of $136.18. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $189.49.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Tuesday, August 5th. The financial services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.84 by $0.08. The firm had revenue of $6,550,000 billion during the quarter, compared to analyst estimates of $1.01 billion. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. During the same quarter in the previous year, the business posted $1.64 EPS. As a group, sell-side analysts forecast that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

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.