Banque Cantonale Vaudoise Takes $600,000 Position in Apollo Global Management Inc. (NYSE:APO)

Key Points

• Banque Cantonale Vaudoise has acquired a new stake in Apollo Global Management, purchasing 4,381 shares valued at approximately $600,000 in the first quarter, as reported in their 13F filing.
• Insider trading activity included CFO Martin Kelly selling 4,000 shares at a price of $132.57, which represents a 1.06% decrease in his ownership, leaving him with shares valued at around $49.47 million.
• Apollo Global Management's stock is currently facing challenges, having recently reported earnings that missed expectations, showing a 21.2% decline in revenue year-over-year.

Banque Cantonale Vaudoise bought a new stake in shares of Apollo Global Management Inc. (NYSE:APO - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,381 shares of the financial services provider's stock, valued at approximately $600,000.

Several other large investors have also modified their holdings of the business. Westpac Banking Corp raised its holdings in shares of Apollo Global Management by 604.9% in the fourth quarter. Westpac Banking Corp now owns 15,219 shares of the financial services provider's stock worth $2,514,000 after buying an additional 13,060 shares during the period. World Investment Advisors raised its holdings in shares of Apollo Global Management by 2.5% in the fourth quarter. World Investment Advisors now owns 6,996 shares of the financial services provider's stock worth $1,156,000 after buying an additional 173 shares during the period. Arete Wealth Advisors LLC raised its holdings in shares of Apollo Global Management by 28.4% in the fourth quarter. Arete Wealth Advisors LLC now owns 13,596 shares of the financial services provider's stock worth $2,255,000 after buying an additional 3,009 shares during the period. Pitcairn Co. purchased a new stake in shares of Apollo Global Management in the fourth quarter worth approximately $250,000. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Apollo Global Management in the fourth quarter worth approximately $500,000. Hedge funds and other institutional investors own 77.06% of the company's stock.

Insider Transactions at Apollo Global Management

In other Apollo Global Management news, CFO Martin Kelly sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $132.57, for a total transaction of $530,280.00. Following the completion of the transaction, the chief financial officer directly owned 373,164 shares of the company's stock, valued at approximately $49,470,351.48. This trade represents a 1.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 8.20% of the company's stock.

Apollo Global Management Stock Down 4.8%

NYSE:APO opened at $138.30 on Friday. The company has a market cap of $79.04 billion, a PE ratio of 24.22, a P/E/G ratio of 1.64 and a beta of 1.62. Apollo Global Management Inc. has a twelve month low of $95.11 and a twelve month high of $189.49. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.34. The company's 50 day moving average is $140.63 and its two-hundred day moving average is $142.39.

Apollo Global Management (NYSE:APO - Get Free Report) last released its earnings results on Friday, May 2nd. The financial services provider reported $1.82 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.02). The company had revenue of $5.55 billion for the quarter, compared to analysts' expectations of $977.14 million. Apollo Global Management had a return on equity of 13.45% and a net margin of 14.59%. The firm's revenue for the quarter was down 21.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.72 EPS. Analysts anticipate that Apollo Global Management Inc. will post 8 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on APO. Piper Sandler lowered their price target on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a report on Monday, May 5th. TD Cowen lowered their price target on Apollo Global Management from $214.00 to $144.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Evercore ISI boosted their price target on Apollo Global Management from $150.00 to $155.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Raymond James Financial assumed coverage on shares of Apollo Global Management in a report on Thursday, April 10th. They set a "strong-buy" rating and a $173.00 price objective on the stock. Finally, Morgan Stanley cut their price objective on shares of Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $161.00.

Apollo Global Management 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.

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