Border to Coast Pensions Partnership Ltd Increases Stock Holdings in Apollo Global Management Inc. $APO

Border to Coast Pensions Partnership Ltd increased its stake in shares of Apollo Global Management Inc. (NYSE:APO) by 8.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 185,000 shares of the financial services provider’s stock after acquiring an additional 15,000 shares during the quarter. Border to Coast Pensions Partnership Ltd’s holdings in Apollo Global Management were worth $24,655,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Fortress Financial Solutions LLC grew its stake in shares of Apollo Global Management by 1.6% in the 2nd quarter. Fortress Financial Solutions LLC now owns 4,561 shares of the financial services provider’s stock worth $647,000 after acquiring an additional 74 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in Apollo Global Management by 44.0% during the second quarter. Cary Street Partners Investment Advisory LLC now owns 252 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 77 shares during the last quarter. Cynosure Group LLC boosted its holdings in Apollo Global Management by 2.6% during the third quarter. Cynosure Group LLC now owns 3,385 shares of the financial services provider’s stock worth $451,000 after purchasing an additional 85 shares during the last quarter. SOA Wealth Advisors LLC. grew its position in Apollo Global Management by 8.5% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 1,169 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 92 shares in the last quarter. Finally, Independent Advisor Alliance increased its stake in Apollo Global Management by 3.3% in the 3rd quarter. Independent Advisor Alliance now owns 2,867 shares of the financial services provider’s stock valued at $382,000 after buying an additional 92 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on APO shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a research report on Monday, December 29th. BMO Capital Markets set a $136.00 price objective on Apollo Global Management and gave the company a “market perform” rating in a research note on Tuesday, November 25th. TD Cowen reiterated a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, November 25th. The Goldman Sachs Group reissued a “buy” rating and issued a $155.00 price target on shares of Apollo Global Management in a report on Tuesday, November 25th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $165.62.

Insider Buying and Selling

In related news, CFO Martin Kelly sold 6,000 shares of Apollo Global Management stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $131.41, for a total value of $788,460.00. Following the completion of the transaction, the chief financial officer directly owned 325,604 shares in the company, valued at approximately $42,787,621.64. The trade was a 1.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.20% of the company’s stock.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $132.61 on Thursday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $76.97 billion, a PE ratio of 19.39, a P/E/G ratio of 1.14 and a beta of 1.57. Apollo Global Management Inc. has a twelve month low of $102.58 and a twelve month high of $168.25. The company has a 50-day moving average price of $141.63 and a two-hundred day moving average price of $136.86.

Apollo Global Management Company Profile

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.