Apollo Global Management Inc. $APO Stock Position Lowered by Twin Capital Management Inc.

Twin Capital Management Inc. trimmed its position in shares of Apollo Global Management Inc. (NYSE:APO) by 28.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 10,050 shares of the financial services provider’s stock after selling 4,058 shares during the quarter. Twin Capital Management Inc.’s holdings in Apollo Global Management were worth $1,339,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Delos Wealth Advisors LLC acquired a new stake in Apollo Global Management during the 2nd quarter worth about $25,000. Activest Wealth Management lifted its position in Apollo Global Management by 875.0% in the 2nd quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock worth $28,000 after buying an additional 175 shares in the last quarter. Atlantic Union Bankshares Corp boosted its stake in shares of Apollo Global Management by 99.0% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 199 shares of the financial services provider’s stock valued at $27,000 after buying an additional 99 shares during the period. SJS Investment Consulting Inc. grew its holdings in shares of Apollo Global Management by 1,123.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 208 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 191 shares in the last quarter. Finally, Nemes Rush Group LLC acquired a new position in shares of Apollo Global Management in the second quarter worth $30,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Martin Kelly sold 6,000 shares of the business’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 in the company, valued at $42,787,621.64. The trade was a 1.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 8.20% of the stock is currently owned by company insiders.

Apollo Global Management Price Performance

Shares of Apollo Global Management stock opened at $133.24 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market cap of $77.34 billion, a PE ratio of 19.48, a price-to-earnings-growth ratio of 1.20 and a beta of 1.57. The firm has a fifty day moving average price of $141.58 and a two-hundred day moving average price of $136.59. Apollo Global Management Inc. has a fifty-two week low of $102.58 and a fifty-two week high of $167.15.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. TD Cowen reaffirmed a “buy” rating on shares of Apollo Global Management in a research report on Tuesday, November 25th. The Goldman Sachs Group reissued a “buy” rating and issued a $155.00 target price on shares of Apollo Global Management in a research report on Tuesday, November 25th. Wolfe Research reaffirmed an “outperform” rating on shares of Apollo Global Management in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods increased their target price on shares of Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 5th. Finally, Citigroup reduced their price target 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 analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $165.62.

Apollo Global Management Company Profile

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.