Apollo Global Management Inc. (NYSE:APO) Shares Bought by HB Wealth Management LLC

HB Wealth Management LLC grew its holdings in Apollo Global Management Inc. (NYSE:APO - Free Report) by 27.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 9,309 shares of the financial services provider's stock after purchasing an additional 2,011 shares during the period. HB Wealth Management LLC's holdings in Apollo Global Management were worth $1,275,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of APO. Mediolanum International Funds Ltd lifted its holdings in Apollo Global Management by 1.9% during the 1st quarter. Mediolanum International Funds Ltd now owns 130,961 shares of the financial services provider's stock worth $17,936,000 after buying an additional 2,500 shares during the period. Phoenix Financial Ltd. purchased a new stake in shares of Apollo Global Management in the first quarter worth approximately $4,029,000. AM Investment Strategies LLC raised its stake in shares of Apollo Global Management by 11.2% in the first quarter. AM Investment Strategies LLC now owns 62,976 shares of the financial services provider's stock worth $8,624,000 after purchasing an additional 6,338 shares during the last quarter. Westover Capital Advisors LLC grew its holdings in shares of Apollo Global Management by 54.7% in the first quarter. Westover Capital Advisors LLC now owns 14,783 shares of the financial services provider's stock valued at $2,024,000 after acquiring an additional 5,226 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Apollo Global Management by 14.3% in the first quarter. Cetera Investment Advisers now owns 73,818 shares of the financial services provider's stock valued at $10,109,000 after acquiring an additional 9,209 shares in the last quarter. Institutional investors own 77.06% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barclays increased their price objective on Apollo Global Management from $156.00 to $168.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Citigroup increased their price objective on Apollo Global Management from $160.00 to $170.00 and gave the company a "buy" rating in a report on Thursday, July 10th. TD Cowen reduced their price objective 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. Raymond James Financial began coverage on Apollo Global Management in a report on Thursday, April 10th. They set a "strong-buy" rating and a $173.00 price objective for the company. Finally, Piper Sandler dropped their target price on Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $161.00.

Insider Transactions at Apollo Global Management

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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.20% of the stock is currently owned by insiders.

Apollo Global Management Price Performance

APO stock traded down $7.02 during trading on Friday, reaching $138.30. The company's stock had a trading volume of 4,587,463 shares, compared to its average volume of 3,614,874. Apollo Global Management Inc. has a 1 year low of $95.11 and a 1 year high of $189.49. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $79.04 billion, a P/E ratio of 24.22, a price-to-earnings-growth ratio of 1.64 and a beta of 1.59. The company's fifty day moving average is $140.48 and its 200-day moving average is $142.54.

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). Apollo Global Management had a net margin of 14.59% and a return on equity of 13.45%. The business had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $977.14 million. During the same period in the previous year, the business posted $1.72 EPS. The firm's revenue was down 21.2% on a year-over-year basis. On average, research analysts expect that Apollo Global Management Inc. will post 8 earnings per share for the current fiscal 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.