Apollo Global Management, Inc. (NYSE:APO) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lessened its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 77.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,051 shares of the financial services provider’s stock after selling 28,441 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Apollo Global Management were worth $1,006,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APO. Norden Group LLC acquired a new stake in Apollo Global Management during the 1st quarter worth $708,000. Private Advisor Group LLC boosted its stake in Apollo Global Management by 18.9% during the 1st quarter. Private Advisor Group LLC now owns 9,460 shares of the financial services provider’s stock worth $1,064,000 after purchasing an additional 1,504 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Apollo Global Management by 21.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,224 shares of the financial services provider’s stock valued at $363,000 after acquiring an additional 579 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Apollo Global Management by 69.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 65,103 shares of the financial services provider’s stock valued at $7,240,000 after acquiring an additional 26,693 shares during the last quarter. Finally, Capstone Investment Advisors LLC acquired a new position in shares of Apollo Global Management during the 1st quarter valued at about $377,000. Institutional investors and hedge funds own 77.06% of the company’s stock.

Apollo Global Management Stock Up 7.0 %

APO stock opened at $149.25 on Wednesday. The company’s 50 day moving average price is $128.49 and its 200 day moving average price is $119.47. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. Apollo Global Management, Inc. has a fifty-two week low of $82.30 and a fifty-two week high of $151.84. The firm has a market capitalization of $85.00 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 1.55 and a beta of 1.59.

Analyst Ratings Changes

APO has been the topic of several recent research reports. Redburn Atlantic initiated coverage on shares of Apollo Global Management in a research report on Tuesday, August 27th. They set a “buy” rating and a $153.00 price target on the stock. BMO Capital Markets upped their target price on shares of Apollo Global Management from $123.00 to $138.00 and gave the company an “outperform” rating in a research report on Wednesday, October 2nd. The Goldman Sachs Group upped their target price on shares of Apollo Global Management from $128.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Barclays upped their target price on shares of Apollo Global Management from $128.00 to $148.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Finally, UBS Group upped their target price on shares of Apollo Global Management from $117.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $139.56.

Apollo Global Management Company 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.