Nisa Investment Advisors LLC Sells 21,132 Shares of Apollo Global Management, Inc. (NYSE:APO)

Nisa Investment Advisors LLC lessened its holdings in shares of Apollo Global Management, Inc. (NYSE:APO) by 38.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,703 shares of the financial services provider’s stock after selling 21,132 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Apollo Global Management were worth $4,210,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in APO. Wealth Enhancement Advisory Services LLC raised its position in shares of Apollo Global Management by 46.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,220 shares of the financial services provider’s stock worth $924,000 after acquiring an additional 2,620 shares in the last quarter. Norden Group LLC purchased a new stake in Apollo Global Management in the first quarter worth $708,000. Kovack Advisors Inc. lifted its position in Apollo Global Management by 6.3% during the first quarter. Kovack Advisors Inc. now owns 2,920 shares of the financial services provider’s stock valued at $328,000 after buying an additional 174 shares during the period. First Trust Direct Indexing L.P. boosted its holdings in shares of Apollo Global Management by 35.5% during the 1st quarter. First Trust Direct Indexing L.P. now owns 5,398 shares of the financial services provider’s stock valued at $607,000 after buying an additional 1,414 shares in the last quarter. Finally, J.W. Cole Advisors Inc. grew its position in shares of Apollo Global Management by 29.1% in the 1st quarter. J.W. Cole Advisors Inc. now owns 4,874 shares of the financial services provider’s stock worth $548,000 after buying an additional 1,100 shares during the period. Institutional investors own 77.06% of the company’s stock.

Analysts Set New Price Targets

APO has been the topic of several research reports. Redburn Partners assumed coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They set a “buy” rating and a $153.00 price objective on the stock. Morgan Stanley raised 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. Keefe, Bruyette & Woods boosted their target price on Apollo Global Management from $134.00 to $141.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. TD Cowen raised their price target on Apollo Global Management from $135.00 to $162.00 and gave the company a “buy” rating in a report on Wednesday, October 2nd. Finally, Redburn Atlantic assumed coverage on shares of Apollo Global Management in a research note on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $139.56.

Insider Buying and Selling at Apollo Global Management

In other news, Director Pauline Richards acquired 2,351 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average cost of $104.92 per share, with a total value of $246,666.92. Following the acquisition, the director now directly owns 85,854 shares of the company’s stock, valued at approximately $9,007,801.68. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 8.50% of the stock is currently owned by company insiders.

Apollo Global Management Stock Performance

NYSE:APO opened at $141.00 on Friday. The stock has a 50-day moving average price of $127.94 and a 200 day moving average price of $119.08. The stock has a market capitalization of $80.30 billion, a P/E ratio of 15.03, a P/E/G ratio of 1.60 and a beta of 1.62. Apollo Global Management, Inc. has a 12-month low of $82.30 and a 12-month high of $147.04. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.36.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.64 EPS for the quarter, missing the consensus estimate of $1.67 by ($0.03). The company had revenue of $6.02 billion for the quarter, compared to the consensus estimate of $873.18 million. Apollo Global Management had a net margin of 21.90% and a return on equity of 16.98%. During the same period last year, the company earned $1.54 EPS. Equities research analysts forecast that Apollo Global Management, Inc. will post 6.6 EPS for the current fiscal year.

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.