Raiffeisen Bank International AG Boosts Stock Holdings in Apollo Global Management Inc. (NYSE:APO)

Key Points

• Raiffeisen Bank International AG increased its stake in Apollo Global Management by 73.9% in Q1, bringing its total to 4,702 shares valued at $644,000.
• Other investors, such as Ellevest Inc. and GW&K Investment Management LLC, have also raised their holdings in Apollo, showing growing institutional interest with 77.06% of the stock owned by hedge funds and institutional investors.
• Analysts have a generally positive outlook on Apollo Global Management, with the stock receiving an average rating of "Moderate Buy" and a consensus target price of $161.00.

Raiffeisen Bank International AG grew its holdings in Apollo Global Management Inc. (NYSE:APO - Free Report) by 73.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,702 shares of the financial services provider's stock after buying an additional 1,998 shares during the period. Raiffeisen Bank International AG's holdings in Apollo Global Management were worth $644,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ellevest Inc. raised its position in Apollo Global Management by 1.5% in the 4th quarter. Ellevest Inc. now owns 4,451 shares of the financial services provider's stock worth $735,000 after purchasing an additional 67 shares during the period. Vivaldi Capital Management LP raised its stake in shares of Apollo Global Management by 2.1% during the 4th quarter. Vivaldi Capital Management LP now owns 3,382 shares of the financial services provider's stock worth $566,000 after acquiring an additional 71 shares in the last quarter. Colonial Trust Co SC raised its stake in shares of Apollo Global Management by 29.2% during the 4th quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider's stock worth $58,000 after acquiring an additional 79 shares in the last quarter. Walled Lake Planning & Wealth Management LLC raised its stake in shares of Apollo Global Management by 3.3% during the 1st quarter. Walled Lake Planning & Wealth Management LLC now owns 2,516 shares of the financial services provider's stock worth $345,000 after acquiring an additional 80 shares in the last quarter. Finally, GW&K Investment Management LLC grew its position in Apollo Global Management by 84.5% during the 1st quarter. GW&K Investment Management LLC now owns 190 shares of the financial services provider's stock worth $26,000 after purchasing an additional 87 shares during the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Evercore ISI boosted their target price on shares of Apollo Global Management from $150.00 to $155.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Citigroup upped their price objective on shares of Apollo Global Management from $160.00 to $170.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Raymond James Financial assumed coverage on shares of Apollo Global Management in a research report on Thursday, April 10th. They issued a "strong-buy" rating and a $173.00 target price for the company. Piper Sandler cut their price objective on shares of Apollo Global Management from $193.00 to $174.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Finally, TD Cowen lowered their target price on shares of Apollo Global Management from $214.00 to $144.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Apollo Global Management presently has an average rating of "Moderate Buy" and a consensus target price of $161.00.

Apollo Global Management Stock Performance

NYSE:APO opened at $142.26 on Tuesday. The firm's fifty day moving average price is $140.86 and its 200 day moving average price is $141.90. Apollo Global Management Inc. has a 1-year low of $95.11 and a 1-year high of $189.49. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market cap of $81.30 billion, a price-to-earnings ratio of 24.91, a price-to-earnings-growth ratio of 1.56 and a beta of 1.62.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.