Apollo Global Management Inc. $APO Shares Sold by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC cut its position in Apollo Global Management Inc. (NYSE:APOFree Report) by 97.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,549 shares of the financial services provider’s stock after selling 82,057 shares during the period. Foundations Investment Advisors LLC’s holdings in Apollo Global Management were worth $340,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Delos Wealth Advisors LLC purchased a new position in Apollo Global Management in the second quarter valued at $25,000. Activest Wealth Management boosted its position in shares of Apollo Global Management by 875.0% during the 2nd quarter. Activest Wealth Management now owns 195 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 175 shares in the last quarter. Sound Income Strategies LLC purchased a new position in shares of Apollo Global Management in the 3rd quarter valued at about $28,000. SJS Investment Consulting Inc. increased its holdings in shares of Apollo Global Management by 1,123.5% in 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 during the last quarter. Finally, Rosenberg Matthew Hamilton raised its position in shares of Apollo Global Management by 6,900.0% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 210 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 207 shares in the last quarter. 77.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on APO shares. Piper Sandler reaffirmed an “overweight” rating on shares of Apollo Global Management in a report on Tuesday, October 7th. Morgan Stanley upgraded shares of Apollo Global Management from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $151.00 to $180.00 in a report on Thursday, November 20th. Keefe, Bruyette & Woods lifted their price target on shares of Apollo Global Management from $162.00 to $173.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 5th. Citigroup reduced their price target on shares of 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. Finally, UBS Group dropped their price objective on Apollo Global Management from $186.00 to $182.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus price target of $165.62.

Get Our Latest Stock Report on Apollo Global Management

Apollo Global Management Trading Down 4.8%

NYSE APO opened at $126.76 on Wednesday. The firm’s fifty day moving average is $141.59 and its two-hundred day moving average is $136.89. Apollo Global Management Inc. has a one year low of $102.58 and a one year high of $169.33. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market cap of $73.57 billion, a PE ratio of 18.53, a P/E/G ratio of 1.20 and a beta of 1.57.

Key Headlines Impacting Apollo Global Management

Here are the key news stories impacting Apollo Global Management this week:

Insider Activity

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 value of $788,460.00. Following the transaction, the chief financial officer owned 325,604 shares in the company, valued at $42,787,621.64. The trade was a 1.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 8.50% of the stock is currently owned by corporate insiders.

Apollo Global Management Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding APO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Global Management Inc. (NYSE:APOFree Report).

Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

Receive News & Ratings for Apollo Global Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Global Management and related companies with MarketBeat.com's FREE daily email newsletter.