Asset Management One Co. Ltd. Increases Stock Position in Apollo Global Management, Inc. (NYSE:APO)

Asset Management One Co. Ltd. raised its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 1.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 146,941 shares of the financial services provider’s stock after acquiring an additional 2,773 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Apollo Global Management were worth $18,354,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APO. National Pension Service boosted its holdings in shares of Apollo Global Management by 10.3% during the 3rd quarter. National Pension Service now owns 566,529 shares of the financial services provider’s stock valued at $70,765,000 after acquiring an additional 52,888 shares during the last quarter. First National Bank Sioux Falls boosted its holdings in Apollo Global Management by 0.4% in the third quarter. First National Bank Sioux Falls now owns 28,767 shares of the financial services provider’s stock worth $3,593,000 after purchasing an additional 119 shares during the last quarter. Cannon Global Investment Management LLC bought a new stake in Apollo Global Management in the 3rd quarter worth approximately $625,000. Angeles Wealth Management LLC lifted its holdings in shares of Apollo Global Management by 11.5% during the 3rd quarter. Angeles Wealth Management LLC now owns 4,823 shares of the financial services provider’s stock valued at $602,000 after buying an additional 496 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of Apollo Global Management by 10.1% in the 3rd quarter. Van ECK Associates Corp now owns 79,943 shares of the financial services provider’s stock worth $9,986,000 after buying an additional 7,328 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on APO shares. Morgan Stanley upped their price objective on Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Argus decreased their price target on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a research report on Tuesday, August 20th. Keefe, Bruyette & Woods boosted their price objective on shares of Apollo Global Management from $134.00 to $141.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. Finally, Bank of America raised Apollo Global Management from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $124.00 to $123.00 in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $139.56.

Apollo Global Management Stock Performance

NYSE APO opened at $149.25 on Wednesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 1.26. Apollo Global Management, Inc. has a 1-year low of $82.30 and a 1-year high of $151.84. The business has a 50 day simple moving average of $128.49 and a two-hundred day simple moving average of $119.47. The stock has a market capitalization of $85.00 billion, a PE ratio of 15.91, a P/E/G ratio of 1.55 and a beta of 1.59.

About Apollo Global Management

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.