Apollo Global Management, Inc. (NYSE:APO) Holdings Lifted by Amalgamated Bank

Amalgamated Bank grew its stake in Apollo Global Management, Inc. (NYSE:APOFree Report) by 6.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,440 shares of the financial services provider’s stock after purchasing an additional 3,661 shares during the period. Amalgamated Bank’s holdings in Apollo Global Management were worth $5,425,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Arizona State Retirement System grew its stake in shares of Apollo Global Management by 4.4% in the 2nd quarter. Arizona State Retirement System now owns 114,183 shares of the financial services provider’s stock valued at $8,770,000 after purchasing an additional 4,803 shares during the period. DekaBank Deutsche Girozentrale grew its position in Apollo Global Management by 4.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 62,217 shares of the financial services provider’s stock worth $4,710,000 after acquiring an additional 2,562 shares during the last quarter. Los Angeles Capital Management LLC grew its position in Apollo Global Management by 190.4% during the 3rd quarter. Los Angeles Capital Management LLC now owns 387,574 shares of the financial services provider’s stock worth $34,789,000 after acquiring an additional 254,105 shares during the last quarter. Truist Financial Corp grew its position in Apollo Global Management by 1.4% during the 2nd quarter. Truist Financial Corp now owns 209,393 shares of the financial services provider’s stock worth $16,083,000 after acquiring an additional 2,815 shares during the last quarter. Finally, Raymond James & Associates grew its position in Apollo Global Management by 2.0% during the 3rd quarter. Raymond James & Associates now owns 1,036,671 shares of the financial services provider’s stock worth $93,052,000 after acquiring an additional 20,348 shares during the last quarter. 60.86% of the stock is currently owned by institutional investors.

Insider Activity at Apollo Global Management

In related news, insider James C. Zelter sold 70,000 shares of Apollo Global Management stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $90.85, for a total value of $6,359,500.00. Following the sale, the insider now owns 1,130,000 shares of the company’s stock, valued at $102,660,500. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Apollo Global Management news, insider James C. Zelter sold 70,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $90.85, for a total transaction of $6,359,500.00. Following the transaction, the insider now owns 1,130,000 shares of the company’s stock, valued at $102,660,500. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider James C. Zelter sold 87,500 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $86.16, for a total value of $7,539,000.00. Following the sale, the insider now owns 5,094,585 shares of the company’s stock, valued at approximately $438,949,443.60. The disclosure for this sale can be found here. 8.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on APO. Morgan Stanley increased their price objective on Apollo Global Management from $94.00 to $99.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. BMO Capital Markets lowered their target price on Apollo Global Management from $103.00 to $98.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Barclays lowered their target price on Apollo Global Management from $109.00 to $106.00 and set an “overweight” rating for the company in a research note on Thursday, November 2nd. Wells Fargo & Company lifted their target price on Apollo Global Management from $103.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Apollo Global Management from $100.00 to $102.00 and gave the company a “buy” rating in a research note on Wednesday, October 11th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and an average target price of $99.08.

Read Our Latest Research Report on APO

Apollo Global Management Price Performance

NYSE:APO opened at $104.49 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.19 and a current ratio of 1.19. The stock’s 50-day simple moving average is $95.17 and its 200 day simple moving average is $89.13. The company has a market cap of $59.30 billion, a P/E ratio of 22.09, a P/E/G ratio of 0.73 and a beta of 1.63. Apollo Global Management, Inc. has a 52-week low of $55.16 and a 52-week high of $104.84.

Apollo Global Management Profile

(Free Report)

Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate 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 capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.

Featured Articles

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.