Renaissance Group LLC Buys 5,888 Shares of Apollo Global Management Inc. $APO

Renaissance Group LLC boosted its stake in Apollo Global Management Inc. (NYSE:APO) by 2.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,029 shares of the financial services provider’s stock after purchasing an additional 5,888 shares during the period. Renaissance Group LLC’s holdings in Apollo Global Management were worth $29,190,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Diversified Trust Co increased its holdings in Apollo Global Management by 2,649.9% during the 3rd quarter. Diversified Trust Co now owns 42,238 shares of the financial services provider’s stock worth $5,629,000 after purchasing an additional 40,702 shares in the last quarter. Hsbc Holdings PLC grew its holdings in Apollo Global Management by 39.2% during the second quarter. Hsbc Holdings PLC now owns 842,391 shares of the financial services provider’s stock valued at $119,482,000 after purchasing an additional 237,180 shares during the period. Stock Yards Bank & Trust Co. increased its holdings in Apollo Global Management by 2,395.2% in the 3rd quarter. Stock Yards Bank & Trust Co. now owns 124,708 shares of the financial services provider’s stock worth $16,620,000 after acquiring an additional 119,710 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in Apollo Global Management by 3.9% during the third quarter. Asset Management One Co. Ltd. now owns 178,868 shares of the financial services provider’s stock valued at $23,838,000 after purchasing an additional 6,727 shares during the last quarter. Finally, Asio Capital LLC purchased a new position in shares of Apollo Global Management in the third quarter worth about $4,296,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 6,000 shares of the company’s stock in a transaction 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 sale, the chief financial officer directly owned 325,604 shares in the company, valued at $42,787,621.64. This represents a 1.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 8.20% of the stock is currently owned by insiders.

Apollo Global Management Trading Up 5.7%

Shares of APO stock opened at $133.24 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 business has a 50-day moving average of $141.58 and a 200 day moving average of $136.68. The stock has a market capitalization of $77.34 billion, a PE ratio of 19.48, a P/E/G ratio of 1.13 and a beta of 1.57. Apollo Global Management Inc. has a 1-year low of $102.58 and a 1-year high of $167.15.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Citigroup dropped 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a research note on Monday, December 29th. Wolfe Research reissued an “outperform” rating on shares of Apollo Global Management in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods increased their price target on shares of Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Finally, UBS Group cut their target price on shares of Apollo Global Management from $186.00 to $182.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Apollo Global Management has an average rating of “Moderate Buy” and an average price target of $165.62.

Apollo Global Management Company Profile

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.