Moors & Cabot Inc. Raises Position in Apollo Global Management Inc. (NYSE:APO)

Moors & Cabot Inc. raised its stake in Apollo Global Management Inc. (NYSE:APO) by 3.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,626 shares of the financial services provider’s stock after purchasing an additional 400 shares during the quarter. Moors & Cabot Inc.’s holdings in Apollo Global Management were worth $1,729,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ellevest Inc. raised its stake in shares of Apollo Global Management by 1.5% in the fourth 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 last quarter. Vivaldi Capital Management LP raised its stake in shares of Apollo Global Management by 2.1% in the fourth quarter. Vivaldi Capital Management LP now owns 3,382 shares of the financial services provider’s stock worth $566,000 after purchasing an additional 71 shares during the last quarter. Colonial Trust Co SC raised its stake in shares of Apollo Global Management by 29.2% in the fourth quarter. Colonial Trust Co SC now owns 350 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 79 shares during the last quarter. Walled Lake Planning & Wealth Management LLC raised its stake in shares of Apollo Global Management by 3.3% in the first quarter. Walled Lake Planning & Wealth Management LLC now owns 2,516 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 80 shares during the last quarter. Finally, GW&K Investment Management LLC raised its stake in shares of Apollo Global Management by 84.5% in the first 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.

Insider Activity at Apollo Global Management

In other news, CFO Martin Kelly sold 4,000 shares of the firm’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $132.57, for a total value of $530,280.00. Following the completion of the transaction, the chief financial officer directly owned 373,164 shares of the company’s stock, valued at $49,470,351.48. This trade represents a 1.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.20% of the stock is owned by insiders.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $138.30 on Friday. Apollo Global Management Inc. has a one year low of $95.11 and a one year high of $189.49. The business has a fifty day moving average price of $140.63 and a 200-day moving average price of $142.39. 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 capitalization of $79.04 billion, a P/E ratio of 24.22, a PEG ratio of 1.64 and a beta of 1.59.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Friday, May 2nd. The financial services provider reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.02). Apollo Global Management had a return on equity of 13.45% and a net margin of 14.59%. The company had revenue of $5.55 billion during the quarter, compared to the consensus estimate of $977.14 million. During the same period in the previous year, the business earned $1.72 earnings per share. Apollo Global Management’s revenue was down 21.2% on a year-over-year basis. As a group, equities research analysts forecast that Apollo Global Management Inc. will post 8 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on APO shares. Citigroup increased their price objective on Apollo Global Management from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, July 10th. Piper Sandler reduced their target price on Apollo Global Management from $193.00 to $174.00 and set an “overweight” rating for the company in a report on Monday, May 5th. UBS Group reduced their target price on Apollo Global Management from $170.00 to $155.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. TD Cowen reduced their target price on Apollo Global Management from $214.00 to $144.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Finally, Morgan Stanley reduced their target price on Apollo Global Management from $170.00 to $131.00 and set an “equal weight” rating for the company in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.00.

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.