Apollo Global Management Inc. $APO Shares Purchased by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. boosted its holdings in Apollo Global Management Inc. (NYSE:APO) by 4.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,105 shares of the financial services provider’s stock after purchasing 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.

Several other institutional investors have also recently added to or reduced their stakes in APO. True North Advisors LLC acquired a new stake in Apollo Global Management during the first quarter worth about $2,097,000. U.S. Capital Wealth Advisors LLC grew its stake in shares of Apollo Global Management by 25.3% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 11,749 shares of the financial services provider’s stock valued at $1,609,000 after buying an additional 2,375 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Apollo Global Management by 24.6% in the first 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. Davidson Investment Advisors acquired a new stake in shares of Apollo Global Management in the first quarter valued at about $443,000. Finally, Dakota Wealth Management acquired a new stake in shares of Apollo Global Management in the first quarter valued at about $297,000. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

APO has been the subject of a number of recent research reports. Morgan Stanley lowered their target price on Apollo Global Management from $154.00 to $151.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Apollo Global Management in a research note on Wednesday, October 8th. Citigroup lowered their target price on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, October 13th. BMO Capital Markets assumed coverage on Apollo Global Management in a research note on Friday, October 3rd. They set a “market perform” rating and a $132.00 target price for the company. Finally, Piper Sandler reiterated an “overweight” rating on shares of Apollo Global Management in a research note on Tuesday, October 7th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $162.57.

Insider Buying and Selling

In related news, insider Leon D. Black sold 915,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $134.03, for a total value of $122,637,450.00. Following the sale, the insider owned 4,526,000 shares of the company’s stock, valued at approximately $606,619,780. This trade represents a 16.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 15,500 shares of the firm’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 sale, the chief financial officer directly owned 332,399 shares in the company, valued at approximately $48,234,418.89. This trade represents a 4.46% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 935,000 shares of company stock valued at $125,543,790. Insiders own 8.20% of the company’s stock.

Apollo Global Management Trading Down 0.3%

NYSE:APO opened at $124.00 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $131.30 and its two-hundred day moving average is $136.18. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $189.49. The company has a market cap of $70.93 billion, a PE ratio of 23.18, a P/E/G ratio of 1.42 and a beta of 1.68.

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

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.