Apollo Global Management Inc. $APO Position Increased by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. boosted its holdings in Apollo Global Management Inc. (NYSE:APO) by 4.4% during the 2nd quarter, Holdings Channel reports. The fund owned 69,105 shares of the financial services provider’s stock after acquiring an additional 2,893 shares during the quarter. Levin Capital Strategies L.P.’s holdings in Apollo Global Management were worth $9,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. GW&K Investment Management LLC increased its position in Apollo Global Management by 84.5% in the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 87 shares during the period. Activest Wealth Management increased its position in Apollo Global Management by 875.0% in the 2nd quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 175 shares during the period. Rosenberg Matthew Hamilton increased its position in Apollo Global Management by 6,900.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 207 shares during the period. Bay Harbor Wealth Management LLC increased its position in Apollo Global Management by 5,200.0% in the 2nd quarter. Bay Harbor Wealth Management LLC now owns 265 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 260 shares during the period. Finally, Rise Advisors LLC acquired a new stake in Apollo Global Management in the 1st quarter valued at approximately $42,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 15,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $145.11, for a total value of $2,249,205.00. Following the completion of the transaction, the chief financial officer owned 332,399 shares of the company’s stock, valued at $48,234,418.89. This represents a 4.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Whitney Chatterjee sold 4,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 83,192 shares of the company’s stock, valued at approximately $12,148,527.76. This trade represents a 5.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 935,000 shares of company stock valued at $125,543,790 in the last quarter. Corporate insiders own 8.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Piper Sandler reissued an “overweight” rating on shares of Apollo Global Management in a research note on Tuesday, October 7th. Evercore ISI boosted their price objective on Apollo Global Management from $155.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Citigroup cut their target price on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Wall Street Zen lowered Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Finally, BMO Capital Markets started coverage on Apollo Global Management in a report on Friday, October 3rd. They set a “market perform” rating and a $132.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $162.57.

Apollo Global Management Price Performance

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

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Tuesday, August 5th. The financial services provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.84 by $0.08. The firm had revenue of $6,550,000 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Apollo Global Management had a return on equity of 13.38% and a net margin of 13.25%.During the same quarter in the prior year, the firm posted $1.64 EPS. Research analysts anticipate that Apollo Global Management Inc. will post 8 EPS for the current 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.