7,377 Shares in Apollo Global Management Inc. $APO Purchased by Truxt Investmentos Ltda.

Truxt Investmentos Ltda. purchased a new stake in Apollo Global Management Inc. (NYSE:APO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,377 shares of the financial services provider’s stock, valued at approximately $983,000. Apollo Global Management makes up about 1.5% of Truxt Investmentos Ltda.’s portfolio, making the stock its 18th biggest holding.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APO. Fortress Financial Solutions LLC boosted its position in shares of Apollo Global Management by 1.6% during the second quarter. Fortress Financial Solutions LLC now owns 4,561 shares of the financial services provider’s stock valued at $647,000 after buying an additional 74 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in Apollo Global Management by 44.0% during the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 252 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 77 shares during the last quarter. Cynosure Group LLC boosted its holdings in Apollo Global Management by 2.6% during the 3rd quarter. Cynosure Group LLC now owns 3,385 shares of the financial services provider’s stock worth $451,000 after acquiring an additional 85 shares during the last quarter. SOA Wealth Advisors LLC. grew its stake in shares of Apollo Global Management by 8.5% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 1,169 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 92 shares in the last quarter. Finally, Independent Advisor Alliance raised its holdings in shares of Apollo Global Management by 3.3% in the third quarter. Independent Advisor Alliance now owns 2,867 shares of the financial services provider’s stock valued at $382,000 after purchasing an additional 92 shares during the last quarter. 77.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on APO. The Goldman Sachs Group restated a “buy” rating and set a $155.00 price target on shares of Apollo Global Management in a report on Tuesday, November 25th. BMO Capital Markets set a $136.00 target price on Apollo Global Management and gave the company a “market perform” rating in a report on Tuesday, November 25th. Barclays decreased their price target on Apollo Global Management from $172.00 to $168.00 and set an “overweight” rating for the company in a research report on Friday, January 9th. Keefe, Bruyette & Woods boosted their price objective on 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, UBS Group cut their price objective on Apollo Global Management from $186.00 to $182.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Apollo Global Management currently has an average rating of “Moderate Buy” and a consensus price target of $165.62.

Apollo Global Management Price Performance

Apollo Global Management stock opened at $133.26 on Tuesday. The business’s 50 day simple moving average is $141.67 and its 200 day simple moving average is $137.07. Apollo Global Management Inc. has a 12 month low of $102.58 and a 12 month high of $169.49. The company has a market cap of $77.35 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 1.21 and a beta of 1.57. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.33.

Insider Buying and Selling at Apollo Global Management

In related news, CFO Martin Kelly sold 6,000 shares of Apollo Global Management 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 completion of the sale, the chief financial officer owned 325,604 shares of the company’s stock, valued at approximately $42,787,621.64. This trade represents a 1.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 8.50% of the company’s stock.

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.