Mn Services Vermogensbeheer B.V. Cuts Position in Apollo Global Management, Inc. (NYSE:APO)

Mn Services Vermogensbeheer B.V. reduced its position in shares of Apollo Global Management, Inc. (NYSE:APO) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 154,200 shares of the financial services provider’s stock after selling 1,900 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Apollo Global Management were worth $19,261,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Curated Wealth Partners LLC increased its stake in Apollo Global Management by 200.3% during the second quarter. Curated Wealth Partners LLC now owns 2,362,535 shares of the financial services provider’s stock worth $278,945,000 after purchasing an additional 4,717,661 shares during the period. Capital Research Global Investors lifted its holdings in Apollo Global Management by 40.3% during the 1st quarter. Capital Research Global Investors now owns 4,738,565 shares of the financial services provider’s stock worth $532,852,000 after buying an additional 1,360,525 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Apollo Global Management in the 2nd quarter valued at approximately $62,972,000. 1832 Asset Management L.P. grew its stake in shares of Apollo Global Management by 66.0% in the first quarter. 1832 Asset Management L.P. now owns 1,257,460 shares of the financial services provider’s stock worth $141,401,000 after acquiring an additional 499,930 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of Apollo Global Management by 74.5% during the second quarter. Marshall Wace LLP now owns 955,673 shares of the financial services provider’s stock worth $112,836,000 after acquiring an additional 408,105 shares during the period. 77.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

APO has been the subject of several analyst reports. Keefe, Bruyette & Woods boosted their target price on Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. Argus lowered their price target on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, August 20th. Redburn Partners initiated coverage on shares of Apollo Global Management in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective on the stock. Barclays boosted their target price on shares of Apollo Global Management from $128.00 to $148.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Finally, JPMorgan Chase & Co. lifted their price target on Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $139.56.

Apollo Global Management Stock Down 1.1 %

APO stock opened at $139.43 on Tuesday. Apollo Global Management, Inc. has a one year low of $82.30 and a one year high of $147.04. The company has a fifty day moving average of $127.94 and a 200-day moving average of $119.24. The stock has a market capitalization of $79.41 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 1.57 and a beta of 1.59. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26.

About Apollo Global Management

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.