1,707 Shares in Apollo Global Management Inc. $APO Purchased by Next Capital Management LLC

Next Capital Management LLC bought a new stake in shares of Apollo Global Management Inc. (NYSE:APO) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 1,707 shares of the financial services provider’s stock, valued at approximately $242,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Apollo Global Management by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 46,028,812 shares of the financial services provider’s stock worth $6,303,186,000 after purchasing an additional 893,428 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Apollo Global Management by 24.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,581,732 shares of the financial services provider’s stock valued at $490,482,000 after buying an additional 706,181 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Apollo Global Management by 3.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,013,298 shares of the financial services provider’s stock valued at $412,641,000 after buying an additional 112,736 shares during the last quarter. Boston Partners purchased a new position in Apollo Global Management during the first quarter worth $370,543,000. Finally, Allen Investment Management LLC increased its position in Apollo Global Management by 14.4% during the first quarter. Allen Investment Management LLC now owns 2,641,043 shares of the financial services provider’s stock worth $361,664,000 after buying an additional 333,428 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on APO shares. Morgan Stanley decreased their price objective on Apollo Global Management from $154.00 to $151.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 21st. Evercore ISI upped their target price on shares of Apollo Global Management from $155.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Barclays decreased their price target on shares of Apollo Global Management from $168.00 to $147.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Finally, BMO Capital Markets initiated coverage on shares of Apollo Global Management in a research report on Friday, October 3rd. They set a “market perform” rating and a $132.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Apollo Global Management has an average rating of “Moderate Buy” and an average target price of $162.57.

Apollo Global Management Trading Down 0.3%

NYSE APO opened at $124.00 on Tuesday. The company has a market cap of $70.93 billion, a P/E ratio of 23.18, a P/E/G ratio of 1.42 and a beta of 1.68. Apollo Global Management Inc. has a 12 month low of $102.58 and a 12 month high of $189.49. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.27 and a quick ratio of 1.27. The company has a 50-day moving average of $131.30 and a 200-day moving average of $136.18.

Apollo Global Management (NYSE:APO) last released its earnings results on Tuesday, August 5th. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.08. Apollo Global Management had a net margin of 13.25% and a return on equity of 13.38%. The business had revenue of $6,550,000 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the company earned $1.64 earnings per share. As a group, equities analysts predict that Apollo Global Management Inc. will post 8 earnings per share for the current year.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, insider Whitney Chatterjee sold 4,500 shares of Apollo Global Management stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $146.03, for a total value of $657,135.00. Following the transaction, the insider owned 83,192 shares in the company, valued at $12,148,527.76. This trade represents a 5.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Leon D. Black sold 915,000 shares of the business’s stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $134.03, for a total transaction of $122,637,450.00. Following the sale, the insider directly owned 4,526,000 shares of the company’s stock, valued at $606,619,780. This represents a 16.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 935,000 shares of company stock worth $125,543,790 in the last quarter. 8.20% of the stock is owned by insiders.

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.