Cetera Investment Advisers Increases Holdings in Apollo Global Management Inc. (NYSE:APO)

Cetera Investment Advisers increased its position in Apollo Global Management Inc. (NYSE:APO - Free Report) by 14.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,818 shares of the financial services provider's stock after purchasing an additional 9,209 shares during the quarter. Cetera Investment Advisers' holdings in Apollo Global Management were worth $10,109,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of APO. Massachusetts Financial Services Co. MA lifted its position in Apollo Global Management by 245.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,653,160 shares of the financial services provider's stock worth $438,196,000 after acquiring an additional 1,886,146 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Apollo Global Management by 1.4% in the first quarter. Principal Financial Group Inc. now owns 550,221 shares of the financial services provider's stock worth $75,347,000 after acquiring an additional 7,441 shares during the last quarter. Blue Whale Capital LLP purchased a new stake in shares of Apollo Global Management in the fourth quarter valued at approximately $47,400,000. Clearview Wealth Advisors LLC lifted its holdings in Apollo Global Management by 420.7% in the first quarter. Clearview Wealth Advisors LLC now owns 21,558 shares of the financial services provider's stock valued at $2,952,000 after acquiring an additional 17,418 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in shares of Apollo Global Management by 209.0% during the fourth quarter. Toronto Dominion Bank now owns 162,659 shares of the financial services provider's stock valued at $26,864,000 after acquiring an additional 110,014 shares during the last quarter. Institutional investors own 77.06% of the company's stock.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several analysts have recently issued reports on APO shares. Bank of America increased their price objective on Apollo Global Management from $186.00 to $190.00 and gave the company a "buy" rating in a research note on Friday, April 4th. Barclays raised their price target on Apollo Global Management from $156.00 to $168.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Evercore ISI raised their price target on Apollo Global Management from $150.00 to $155.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Raymond James Financial assumed coverage on Apollo Global Management in a report on Thursday, April 10th. They set a "strong-buy" rating and a $173.00 price target on the stock. Finally, Morgan Stanley lowered their price target on 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Apollo Global Management has a consensus rating of "Moderate Buy" and an average target price of $161.00.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock traded down $7.02 during trading on Friday, hitting $138.30. 4,587,463 shares of the company were exchanged, compared to its average volume of 2,360,023. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.34. Apollo Global Management Inc. has a fifty-two week low of $95.11 and a fifty-two week high of $189.49. The stock has a market capitalization of $79.04 billion, a price-to-earnings ratio of 24.22, a P/E/G ratio of 1.64 and a beta of 1.62. The firm has a 50 day moving average price of $140.48 and a 200 day moving average price of $142.54.

Apollo Global Management (NYSE:APO - Get Free Report) last issued its quarterly 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 business had revenue of $5.55 billion during the quarter, compared to analyst estimates of $977.14 million. Apollo Global Management had a net margin of 14.59% and a return on equity of 13.45%. The company's revenue was down 21.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.72 earnings per share. On average, equities analysts expect that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal year.

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.