GSA Capital Partners LLP Acquires 2,250 Shares of Apollo Global Management Inc. (NYSE:APO)

GSA Capital Partners LLP increased its holdings in Apollo Global Management Inc. (NYSE:APO - Free Report) by 113.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,231 shares of the financial services provider's stock after purchasing an additional 2,250 shares during the period. GSA Capital Partners LLP's holdings in Apollo Global Management were worth $579,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of APO. World Investment Advisors boosted its holdings in 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 purchasing an additional 173 shares in the last quarter. Pitcairn Co. bought a new stake in Apollo Global Management in the fourth quarter worth $250,000. Landscape Capital Management L.L.C. bought a new stake in Apollo Global Management in the fourth quarter worth $500,000. Smith Moore & CO. boosted its holdings in Apollo Global Management by 2.8% in the fourth quarter. Smith Moore & CO. now owns 3,685 shares of the financial services provider's stock worth $609,000 after purchasing an additional 100 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. bought a new stake in Apollo Global Management in the fourth quarter worth $19,388,000. 77.06% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on APO shares. Cowen reiterated a "buy" rating on shares of Apollo Global Management in a report on Monday, May 5th. Morgan Stanley decreased their price objective on shares of Apollo Global Management from $170.00 to $131.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Wells Fargo & Company upped their price target on shares of Apollo Global Management from $160.00 to $173.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Piper Sandler decreased their price target on shares of Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Finally, Citigroup upped their price target on shares of Apollo Global Management from $160.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $161.00.

Apollo Global Management Stock Down 4.8%

Shares of APO opened at $138.30 on Monday. The stock has a market cap of $79.04 billion, a price-to-earnings ratio of 24.22, a P/E/G ratio of 1.56 and a beta of 1.62. 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 12 month low of $95.11 and a 12 month high of $189.49. The company has a 50-day moving average price of $140.63 and a two-hundred day moving average price of $142.07.

Apollo Global Management (NYSE:APO - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The financial services provider reported $1.82 EPS for the quarter, missing analysts' consensus estimates of $1.84 by ($0.02). The business had revenue of $5.55 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the business earned $1.72 EPS. Equities analysts predict that Apollo Global Management Inc. will post 8 EPS for the current fiscal year.

Insider Buying and Selling

In other 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 sale, the chief financial officer 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 8.50% of the stock is currently owned by corporate insiders.

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.

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