Renaissance Group LLC Has $29.19 Million Stake in Apollo Global Management Inc. $APO

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

Several other hedge funds also recently modified their holdings of APO. Fortress Financial Solutions LLC increased its position in shares of Apollo Global Management by 1.6% during the 2nd quarter. Fortress Financial Solutions LLC now owns 4,561 shares of the financial services provider’s stock worth $647,000 after purchasing an additional 74 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in Apollo Global Management by 44.0% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 252 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 77 shares during the last quarter. Cynosure Group LLC lifted its stake in Apollo Global Management by 2.6% in the third quarter. Cynosure Group LLC now owns 3,385 shares of the financial services provider’s stock valued at $451,000 after acquiring an additional 85 shares during the last quarter. SOA Wealth Advisors LLC. increased its stake in shares of Apollo Global Management by 8.5% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 1,169 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 92 shares during the last quarter. Finally, Independent Advisor Alliance lifted its stake in Apollo Global Management by 3.3% in the 3rd quarter. Independent Advisor Alliance now owns 2,867 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 92 shares during the last quarter. Institutional investors own 77.06% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on APO. TD Cowen reiterated a “buy” rating on shares of Apollo Global Management in a research note on Tuesday, November 25th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $155.00 target price on shares of Apollo Global Management in a report on Tuesday, November 25th. Keefe, Bruyette & Woods increased their price target on shares of Apollo Global Management from $162.00 to $173.00 and gave the company an “outperform” rating in a report on Wednesday, November 5th. Barclays decreased their target price on Apollo Global Management from $172.00 to $168.00 and set an “overweight” rating on the stock in a research report on Friday, January 9th. Finally, Evercore boosted their price target on Apollo Global Management from $145.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $165.62.

Apollo Global Management Stock Up 5.7%

APO stock opened at $133.24 on Friday. The company has a market cap of $77.34 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 1.13 and a beta of 1.57. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $167.15. The business has a 50-day simple moving average of $141.58 and a 200 day simple moving average of $136.68.

Insiders Place Their Bets

In other Apollo Global Management news, CFO Martin Kelly sold 6,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $131.41, for a total value of $788,460.00. Following the sale, the chief financial officer owned 325,604 shares of the company’s stock, valued at approximately $42,787,621.64. This trade represents a 1.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.20% of the stock is owned by insiders.

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.