River Road Asset Management LLC Increases Position in Apollo Global Management, Inc. (NYSE:APO)

River Road Asset Management LLC increased its stake in shares of Apollo Global Management, Inc. (NYSE:APO) by 32.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,125 shares of the financial services provider’s stock after buying an additional 15,181 shares during the quarter. River Road Asset Management LLC’s holdings in Apollo Global Management were worth $7,760,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA purchased a new stake in shares of Apollo Global Management during the third quarter valued at $35,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Apollo Global Management during the second quarter valued at $35,000. J.Safra Asset Management Corp grew its holdings in shares of Apollo Global Management by 709.3% during the first quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock valued at $39,000 after buying an additional 305 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of Apollo Global Management by 293.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock valued at $55,000 after buying an additional 346 shares during the last quarter. Finally, Orion Capital Management LLC grew its holdings in shares of Apollo Global Management by 20.0% during the first quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock valued at $67,000 after buying an additional 100 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Apollo Global Management Stock Up 7.0 %

APO opened at $149.25 on Wednesday. Apollo Global Management, Inc. has a twelve month low of $82.30 and a twelve month high of $151.84. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The company has a 50-day moving average price of $128.49 and a 200 day moving average price of $119.47. The company has a market cap of $85.00 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 1.55 and a beta of 1.59.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Apollo Global Management from $148.00 to $149.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their target price on shares of Apollo Global Management from $129.00 to $143.00 and gave the company an “overweight” rating in a research report on Wednesday, October 2nd. Morgan Stanley boosted their target price on shares of Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Wolfe Research assumed coverage on shares of Apollo Global Management in a research report on Wednesday, September 25th. They set an “outperform” rating and a $139.00 target price for the company. Finally, Redburn Atlantic assumed coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 target price for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.56.

Apollo Global Management Company 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.