BI Asset Management Fondsmaeglerselskab A S Has $12.90 Million Holdings in Apollo Global Management Inc. $APO

BI Asset Management Fondsmaeglerselskab A S decreased its stake in Apollo Global Management Inc. (NYSE:APO) by 31.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 96,805 shares of the financial services provider’s stock after selling 44,484 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Apollo Global Management were worth $12,901,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ascent Group LLC bought a new stake in shares of Apollo Global Management in the 2nd quarter valued at about $217,000. Valeo Financial Advisors LLC boosted its stake in Apollo Global Management by 36.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,558 shares of the financial services provider’s stock worth $363,000 after acquiring an additional 684 shares during the last quarter. KLP Kapitalforvaltning AS grew its holdings in Apollo Global Management by 6.9% during the second quarter. KLP Kapitalforvaltning AS now owns 144,290 shares of the financial services provider’s stock valued at $20,470,000 after purchasing an additional 9,300 shares during the period. Vontobel Holding Ltd. increased its stake in Apollo Global Management by 96.2% in the second quarter. Vontobel Holding Ltd. now owns 33,908 shares of the financial services provider’s stock valued at $4,811,000 after purchasing an additional 16,627 shares in the last quarter. Finally, InTrack Investment Management Inc increased its stake in Apollo Global Management by 15.6% in the second quarter. InTrack Investment Management Inc now owns 13,136 shares of the financial services provider’s stock valued at $1,864,000 after purchasing an additional 1,772 shares in the last quarter. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Citigroup reduced their price target on shares of 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. Wolfe Research reiterated an “outperform” rating on shares of Apollo Global Management in a report on Wednesday, January 7th. Barclays decreased their target price on Apollo Global Management from $172.00 to $168.00 and set an “overweight” rating for the company in a research note on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a research report on Monday, December 29th. Finally, Morgan Stanley upgraded Apollo Global Management from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $151.00 to $180.00 in a report on Thursday, November 20th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $165.62.

Insiders Place Their Bets

In other news, CFO Martin Kelly sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $131.41, for a total transaction of $788,460.00. Following the completion of the transaction, the chief financial officer directly owned 325,604 shares of the company’s stock, valued at $42,787,621.64. This trade represents a 1.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.20% of the stock is currently owned by company insiders.

Apollo Global Management Stock Performance

Shares of Apollo Global Management stock opened at $125.95 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market cap of $73.10 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 1.19 and a beta of 1.57. The stock’s 50-day moving average is $141.54 and its 200-day moving average is $136.78. Apollo Global Management Inc. has a one year low of $102.58 and a one year high of $168.25.

About Apollo Global Management

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.