Wealth Enhancement Advisory Services LLC Reduces Stock Holdings in Apollo Global Management, Inc. (NYSE:APO)

Wealth Enhancement Advisory Services LLC reduced its stake in Apollo Global Management, Inc. (NYSE:APO) by 77.9% during the 3rd quarter, according to its most recent Form 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 period. Wealth Enhancement Advisory Services LLC’s holdings in Apollo Global Management were worth $1,006,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA purchased a new position in Apollo Global Management in the third quarter valued at approximately $35,000. Cullen Frost Bankers Inc. purchased a new position in Apollo Global Management in the second quarter valued at approximately $35,000. J.Safra Asset Management Corp boosted its holdings in shares of Apollo Global Management by 709.3% in the first quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 305 shares during the period. Massmutual Trust Co. FSB ADV boosted its holdings in shares of Apollo Global Management by 293.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 464 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 346 shares during the period. Finally, Orion Capital Management LLC boosted its holdings in shares of Apollo Global Management by 20.0% in the first quarter. Orion Capital Management LLC now owns 600 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 100 shares during the period. 77.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on APO shares. Wells Fargo & Company increased their price objective on Apollo Global Management from $148.00 to $149.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Redburn Atlantic started coverage on Apollo Global Management in a report on Tuesday, August 27th. They issued a “buy” rating and a $153.00 price objective for the company. Keefe, Bruyette & Woods increased their price objective on Apollo Global Management from $134.00 to $141.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Morgan Stanley increased their price objective on Apollo Global Management from $111.00 to $137.00 and gave the company an “equal weight” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. increased their price target on Apollo Global Management from $129.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $139.56.

Apollo Global Management Trading Up 7.0 %

NYSE:APO opened at $149.25 on Wednesday. The stock has a fifty day moving average price of $128.49 and a two-hundred day moving average price of $119.47. The stock 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. 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 1 year low of $82.30 and a 1 year high of $151.84.

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.