Longboard Asset Management LP purchased a new position in shares of Apollo Global Management, Inc. (NYSE:APO – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,434 shares of the financial services provider’s stock, valued at approximately $237,000.
Several other hedge funds have also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA bought a new stake in shares of Apollo Global Management during the third quarter valued at approximately $35,000. Retirement Wealth Solutions LLC bought a new stake in Apollo Global Management during the 4th quarter valued at $39,000. UMB Bank n.a. boosted its position in Apollo Global Management by 447.1% during the 4th quarter. UMB Bank n.a. now owns 279 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 228 shares during the period. Prospera Private Wealth LLC bought a new position in shares of Apollo Global Management in the third quarter worth $80,000. Finally, Truvestments Capital LLC bought a new position in shares of Apollo Global Management in the third quarter worth $83,000. 77.06% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on APO. Keefe, Bruyette & Woods increased their target price on shares of Apollo Global Management from $168.00 to $196.00 and gave the company an “outperform” rating in a research report on Friday, December 20th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Apollo Global Management from $141.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Citigroup upped their target price on Apollo Global Management from $162.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Barclays lifted their price target on Apollo Global Management from $174.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Finally, StockNews.com downgraded Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, Apollo Global Management has a consensus rating of “Moderate Buy” and a consensus target price of $164.32.
Insider Buying and Selling at Apollo Global Management
In other Apollo Global Management news, CFO Martin Kelly sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $172.61, for a total value of $863,050.00. Following the sale, the chief financial officer now owns 320,564 shares of the company’s stock, valued at $55,332,552.04. This trade represents a 1.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Leon D. Black sold 133,400 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $174.16, for a total value of $23,232,944.00. Following the transaction, the insider now owns 35,471,373 shares of the company’s stock, valued at approximately $6,177,694,321.68. This trade represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 196,600 shares of company stock worth $34,186,128 over the last 90 days. Insiders own 8.50% of the company’s stock.
Apollo Global Management Stock Down 2.2 %
Shares of APO stock opened at $167.16 on Tuesday. The stock’s 50 day simple moving average is $169.96 and its 200 day simple moving average is $143.80. Apollo Global Management, Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $94.58 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.37 and a beta of 1.63.
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.
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