7,377 Shares in Apollo Global Management Inc. $APO Acquired by Truxt Investmentos Ltda.

Truxt Investmentos Ltda. acquired a new stake in Apollo Global Management Inc. (NYSE:APO) in the third quarter, Holdings Channel.com reports. The firm acquired 7,377 shares of the financial services provider’s stock, valued at approximately $983,000. Apollo Global Management makes up approximately 1.5% of Truxt Investmentos Ltda.’s portfolio, making the stock its 18th biggest position.

Several other institutional investors have also recently made changes to their positions in APO. Fortress Financial Solutions LLC raised its stake in shares of Apollo Global Management by 1.6% during the 2nd quarter. Fortress Financial Solutions LLC now owns 4,561 shares of the financial services provider’s stock valued at $647,000 after purchasing an additional 74 shares during the period. Cary Street Partners Investment Advisory LLC grew its holdings in Apollo Global Management by 44.0% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 252 shares of the financial services provider’s stock valued at $36,000 after buying an additional 77 shares in the last quarter. Cynosure Group LLC increased its position in shares of Apollo Global Management by 2.6% during the third quarter. Cynosure Group LLC now owns 3,385 shares of the financial services provider’s stock valued at $451,000 after buying an additional 85 shares during the period. SOA Wealth Advisors LLC. lifted its holdings in shares of Apollo Global Management by 8.5% in the third quarter. SOA Wealth Advisors LLC. now owns 1,169 shares of the financial services provider’s stock worth $156,000 after buying an additional 92 shares in the last quarter. Finally, Independent Advisor Alliance lifted its holdings in shares of Apollo Global Management by 3.3% in the third quarter. Independent Advisor Alliance now owns 2,867 shares of the financial services provider’s stock worth $382,000 after buying an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on APO shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Apollo Global Management in a report on Monday, December 29th. BMO Capital Markets set a $136.00 price target on shares of Apollo Global Management and gave the company a “market perform” rating in a report on Tuesday, November 25th. UBS Group decreased their price target on shares of Apollo Global Management from $186.00 to $182.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. Evercore ISI increased their price objective on Apollo Global Management from $145.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Finally, Citigroup reduced their target price on Apollo Global Management from $170.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Apollo Global Management has a consensus rating of “Moderate Buy” and an average price target of $165.62.

Insider Activity at Apollo Global Management

In related news, CFO Martin Kelly sold 6,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $131.41, for a total transaction of $788,460.00. Following the transaction, the chief financial officer directly owned 325,604 shares of the company’s stock, valued at approximately $42,787,621.64. This trade represents a 1.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 8.50% of the company’s stock.

Apollo Global Management Stock Down 1.0%

APO opened at $133.26 on Tuesday. The business’s fifty day simple moving average is $141.67 and its 200 day simple moving average is $137.07. Apollo Global Management Inc. has a 52 week low of $102.58 and a 52 week high of $169.49. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. The stock has a market cap of $77.35 billion, a PE ratio of 19.48, a P/E/G ratio of 1.21 and a beta of 1.57.

About Apollo Global Management

Apollo Global Management, Inc (NYSE: APO) is a global alternative investment manager that specializes in private equity, credit and real assets. The firm originates, invests in and manages a broad set of strategies across distressed and opportunistic credit, direct lending, structured credit, buyouts and real estate. Apollo provides investment management and advisory services to institutional clients and individual investors through pooled funds, separate accounts and publicly listed investment vehicles.

Its private equity business pursues control and non-control investments across industries, often focusing on complex or distressed situations where operational improvement and capital solutions can create value.