Fort Pitt Capital Group LLC Has $137.49 Million Holdings in Apollo Global Management, Inc. (NYSE:APO)

Fort Pitt Capital Group LLC lifted its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 10.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,100,686 shares of the financial services provider’s stock after acquiring an additional 104,668 shares during the period. Apollo Global Management makes up about 3.9% of Fort Pitt Capital Group LLC’s investment portfolio, making the stock its 8th biggest position. Fort Pitt Capital Group LLC’s holdings in Apollo Global Management were worth $137,487,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APO. Chicago Capital LLC raised its stake in shares of Apollo Global Management by 1.2% in the third quarter. Chicago Capital LLC now owns 5,675 shares of the financial services provider’s stock worth $709,000 after acquiring an additional 69 shares during the last quarter. Cyndeo Wealth Partners LLC raised its stake in shares of Apollo Global Management by 3.0% in the third quarter. Cyndeo Wealth Partners LLC now owns 2,687 shares of the financial services provider’s stock worth $336,000 after acquiring an additional 77 shares during the last quarter. Cigna Investments Inc. New raised its stake in shares of Apollo Global Management by 1.8% in the third quarter. Cigna Investments Inc. New now owns 5,166 shares of the financial services provider’s stock worth $645,000 after acquiring an additional 90 shares during the last quarter. Allworth Financial LP raised its stake 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 acquiring an additional 91 shares during the last quarter. Finally, FineMark National Bank & Trust raised its stake in shares of Apollo Global Management by 2.4% in the second quarter. FineMark National Bank & Trust now owns 4,117 shares of the financial services provider’s stock worth $486,000 after acquiring an additional 98 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Apollo Global Management Stock Down 1.6 %

Shares of NYSE APO opened at $141.00 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. Apollo Global Management, Inc. has a 52-week low of $82.30 and a 52-week high of $147.04. The firm has a 50 day moving average price of $127.94 and a 200 day moving average price of $119.08. The stock has a market cap of $80.30 billion, a P/E ratio of 15.03, a P/E/G ratio of 1.60 and a beta of 1.62.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $873.18 million. During the same period in the previous year, the firm posted $1.54 EPS. Analysts expect that Apollo Global Management, Inc. will post 6.6 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Argus dropped their target price on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. Wolfe Research started coverage on shares of Apollo Global Management in a research report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 price target for the company. Wells Fargo & Company lifted their price target on shares of Apollo Global Management from $148.00 to $149.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Apollo Global Management from $129.00 to $124.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $139.56.

Insider Buying and Selling at Apollo Global Management

In related news, Director Pauline Richards purchased 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 in the company, valued at $9,007,801.68. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 8.50% of the company’s stock.

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.