Hazlett Burt & Watson Inc. Has $34,000 Stake in Apollo Global Management, Inc. (NYSE:APO)

Hazlett Burt & Watson Inc. reduced its position in Apollo Global Management, Inc. (NYSE:APO) by 38.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 269 shares of the financial services provider’s stock after selling 169 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Apollo Global Management were worth $34,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new stake in shares of Apollo Global Management during the second quarter worth $35,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Apollo Global Management during the third quarter worth $35,000. J.Safra Asset Management Corp increased its stake in Apollo Global Management by 709.3% during the 1st quarter. J.Safra Asset Management Corp now owns 348 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 305 shares during the period. Massmutual Trust Co. FSB ADV lifted its holdings 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 worth $55,000 after acquiring an additional 346 shares during the period. Finally, Orion Capital Management LLC grew its position in 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 last quarter. Institutional investors own 77.06% of the company’s stock.

Apollo Global Management Stock Down 1.1 %

Apollo Global Management stock opened at $139.43 on Tuesday. The company has a market capitalization of $79.41 billion, a P/E ratio of 14.86, a P/E/G ratio of 1.57 and a beta of 1.59. The firm has a 50 day moving average price of $127.94 and a 200-day moving average price of $119.24. Apollo Global Management, Inc. has a twelve month low of $82.30 and a twelve month high of $147.04. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.36.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on APO. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Apollo Global Management from $129.00 to $124.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Barclays boosted 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. Bank of America upgraded shares of Apollo Global Management from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $124.00 to $123.00 in a report on Tuesday, August 6th. Argus dropped their price objective on shares of Apollo Global Management from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. Finally, Wolfe Research started coverage on Apollo Global Management in a research note on Wednesday, September 25th. They issued an “outperform” rating and a $139.00 target price for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Apollo Global Management presently has an average rating of “Moderate Buy” and a consensus 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.