Silvant Capital Management LLC Cuts Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Silvant Capital Management LLC cut its holdings in Apollo Global Management, Inc. (NYSE:APO) by 54.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,050 shares of the financial services provider’s stock after selling 54,050 shares during the period. Silvant Capital Management LLC’s holdings in Apollo Global Management were worth $5,752,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Compagnie Lombard Odier SCmA acquired a new stake in shares of Apollo Global Management in the 3rd quarter worth $35,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Apollo Global Management in the second quarter valued at $35,000. J.Safra Asset Management Corp increased its position in Apollo Global Management by 709.3% during the first quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 305 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in shares of Apollo Global Management by 293.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock valued at $55,000 after buying an additional 346 shares during the period. Finally, Orion Capital Management LLC increased its holdings in shares of Apollo Global Management by 20.0% during the 1st quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock worth $67,000 after buying an additional 100 shares during the last quarter. 77.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Bank of America raised Apollo Global Management from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $124.00 to $123.00 in a research note on Tuesday, August 6th. BMO Capital Markets lifted their price target 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. JPMorgan Chase & Co. increased their price objective on shares of Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 2nd. TD Cowen lifted their target price on shares of Apollo Global Management from $135.00 to $162.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Finally, The Goldman Sachs Group increased their price target on Apollo Global Management from $128.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $139.56.

Apollo Global Management Stock Down 1.6 %

Shares of NYSE:APO opened at $141.00 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.26 and a current ratio of 1.26. The company’s fifty day moving average is $127.94 and its two-hundred day moving average is $119.08. Apollo Global Management, Inc. has a 1-year low of $82.30 and a 1-year high of $147.04. The stock has a market capitalization of $80.30 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 1.60 and a beta of 1.62.

Apollo Global Management (NYSE:APO) last posted its earnings results on Thursday, August 1st. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.03). Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. The company had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $873.18 million. During the same quarter in the previous year, the business posted $1.54 earnings per share. Equities analysts anticipate that Apollo Global Management, Inc. will post 6.6 EPS for the current year.

Insider Activity at Apollo Global Management

In other Apollo Global Management news, Director Pauline Richards purchased 2,351 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were bought at an average price of $104.92 per share, with a total value of $246,666.92. Following the completion of the acquisition, the director now owns 85,854 shares in the company, valued at approximately $9,007,801.68. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.50% of the stock is currently owned by insiders.

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.