River Road Asset Management LLC Purchases 15,181 Shares of Apollo Global Management, Inc. (NYSE:APO)

River Road Asset Management LLC boosted its position in Apollo Global Management, Inc. (NYSE:APO) by 32.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,125 shares of the financial services provider’s stock after purchasing an additional 15,181 shares during the period. River Road Asset Management LLC’s holdings in Apollo Global Management were worth $7,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Pittenger & Anderson Inc. lifted its stake in Apollo Global Management by 111.1% in the third quarter. Pittenger & Anderson Inc. now owns 1,900 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 1,000 shares during the last quarter. QRG Capital Management Inc. lifted its stake in Apollo Global Management by 6.7% in the third quarter. QRG Capital Management Inc. now owns 25,147 shares of the financial services provider’s stock worth $3,141,000 after purchasing an additional 1,585 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in Apollo Global Management by 1.9% in the third quarter. Asset Management One Co. Ltd. now owns 146,941 shares of the financial services provider’s stock worth $18,354,000 after purchasing an additional 2,773 shares during the last quarter. National Pension Service lifted its stake in Apollo Global Management by 10.3% in the third quarter. National Pension Service now owns 566,529 shares of the financial services provider’s stock worth $70,765,000 after purchasing an additional 52,888 shares during the last quarter. Finally, First National Bank Sioux Falls lifted its stake 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. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Price Performance

NYSE APO opened at $149.25 on Wednesday. The firm’s fifty day simple moving average is $128.49 and its two-hundred day simple moving average is $119.47. 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, Inc. has a 12-month low of $82.30 and a 12-month high of $151.84. The firm has a market capitalization of $85.00 billion, a P/E ratio of 15.91, a P/E/G ratio of 1.55 and a beta of 1.59.

Wall Street Analyst Weigh In

Several brokerages have issued reports on APO. Bank of America raised shares of Apollo Global Management from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $124.00 to $123.00 in a research note on Tuesday, August 6th. Barclays lifted their price target on shares of Apollo Global Management from $128.00 to $148.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. TD Cowen lifted their price target on shares of Apollo Global Management from $135.00 to $162.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. StockNews.com downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Finally, Wells Fargo & Company lifted their price target on shares of Apollo Global Management from $148.00 to $149.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $139.56.

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.