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

Avitas Wealth Management LLC cut its stake in Apollo Global Management, Inc. (NYSE:APO) by 7.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in APO. Wealth Enhancement Advisory Services LLC boosted its holdings in Apollo Global Management by 46.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,220 shares of the financial services provider’s stock valued at $924,000 after acquiring an additional 2,620 shares during the last quarter. Claro Advisors LLC bought a new stake in Apollo Global Management in the first quarter valued at approximately $210,000. Norden Group LLC bought a new stake in Apollo Global Management in the first quarter valued at approximately $708,000. Kovack Advisors Inc. lifted its stake in Apollo Global Management by 6.3% in the first quarter. Kovack Advisors Inc. now owns 2,920 shares of the financial services provider’s stock valued at $328,000 after buying an additional 174 shares during the period. Finally, First Trust Direct Indexing L.P. lifted its stake in Apollo Global Management by 35.5% in the first quarter. First Trust Direct Indexing L.P. now owns 5,398 shares of the financial services provider’s stock valued at $607,000 after buying an additional 1,414 shares during the period. 77.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on APO. TD Cowen boosted their price target on Apollo Global Management from $135.00 to $162.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods boosted their price target on Apollo Global Management from $134.00 to $141.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. Redburn Atlantic began coverage on Apollo Global Management in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target on the stock. The Goldman Sachs Group boosted their price target on Apollo Global Management from $128.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Finally, Redburn Partners began coverage on Apollo Global Management in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $139.56.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, Director Pauline Richards bought 2,351 shares of the stock in a transaction dated Tuesday, August 6th. The shares were bought at an average cost of $104.92 per share, for a total transaction of $246,666.92. Following the purchase, the director now directly owns 85,854 shares of the company’s stock, valued at approximately $9,007,801.68. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Price Performance

Shares of NYSE:APO opened at $145.93 on Thursday. 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 stock’s fifty day simple moving average is $126.66 and its two-hundred day simple moving average is $118.68. Apollo Global Management, Inc. has a 1-year low of $77.11 and a 1-year high of $147.04. The stock has a market cap of $82.91 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 1.39 and a beta of 1.62.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data 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). The company had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $873.18 million. Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. During the same quarter last year, the business posted $1.54 earnings per share. As a group, analysts forecast that Apollo Global Management, Inc. will post 6.66 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.