Stephens Inc. AR Has $548,000 Holdings in Apollo Global Management, LLC (APO)

Stephens Inc. AR raised its position in shares of Apollo Global Management, LLC (NYSE:APO) by 29.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,724 shares of the financial services provider’s stock after purchasing an additional 4,769 shares during the quarter. Stephens Inc. AR’s holdings in Apollo Global Management were worth $548,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of APO. Russell Investments Group Ltd. lifted its holdings in Apollo Global Management by 2.2% during the first quarter. Russell Investments Group Ltd. now owns 225,314 shares of the financial services provider’s stock valued at $5,474,000 after purchasing an additional 4,901 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Apollo Global Management by 29.7% during the first quarter. Wells Fargo & Company MN now owns 337,841 shares of the financial services provider’s stock valued at $8,217,000 after purchasing an additional 77,348 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in Apollo Global Management during the first quarter valued at approximately $234,000. Penserra Capital Management LLC lifted its holdings in Apollo Global Management by 98.2% during the first quarter. Penserra Capital Management LLC now owns 5,890 shares of the financial services provider’s stock valued at $143,000 after purchasing an additional 2,918 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in Apollo Global Management by 96.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 21,819 shares of the financial services provider’s stock valued at $531,000 after purchasing an additional 10,699 shares in the last quarter. 73.58% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have weighed in on the stock. Morgan Stanley lifted their price target on shares of Apollo Global Management from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, August 8th. JMP Securities reaffirmed an “outperform” rating and set a $32.00 price target on shares of Apollo Global Management in a report on Friday, August 4th. Oppenheimer Holdings, Inc. lifted their price target on shares of Apollo Global Management from $31.00 to $33.00 and gave the company an “outperform” rating in a report on Friday, July 14th. UBS AG reaffirmed a “buy” rating and set a $32.00 price target (up previously from $30.00) on shares of Apollo Global Management in a report on Friday, August 4th. Finally, BidaskClub raised shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $28.90.

In related news, major shareholder Tiger Global Management Llc purchased 100,916 shares of Apollo Global Management stock in a transaction dated Wednesday, July 19th. The shares were acquired at an average price of $27.36 per share, for a total transaction of $2,761,061.76. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert K. Kraft purchased 30,000 shares of Apollo Global Management stock in a transaction dated Thursday, August 3rd. The shares were bought at an average price of $28.88 per share, for a total transaction of $866,400.00. The disclosure for this purchase can be found here. Insiders acquired a total of 1,399,918 shares of company stock worth $39,210,819 in the last 90 days. 4.11% of the stock is currently owned by insiders.

Apollo Global Management, LLC (NYSE:APO) opened at 30.06 on Tuesday. The stock has a market cap of $5.83 billion, a P/E ratio of 11.77 and a beta of 1.22. Apollo Global Management, LLC has a 12-month low of $17.38 and a 12-month high of $30.75. The stock has a 50 day moving average of $29.19 and a 200 day moving average of $26.87.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04). The firm had revenue of $432.87 million during the quarter, compared to analysts’ expectations of $455.29 million. Apollo Global Management had a net margin of 21.79% and a return on equity of 59.61%. The company’s revenue for the quarter was down 34.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.98 EPS. On average, equities research analysts anticipate that Apollo Global Management, LLC will post $2.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 22nd were issued a $0.52 dividend. The ex-dividend date was Friday, August 18th. This represents a $2.08 dividend on an annualized basis and a yield of 6.92%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.49. Apollo Global Management’s dividend payout ratio (DPR) is presently 81.25%.

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Apollo Global Management Profile

Apollo Global Management, LLC (Apollo) is an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company’s segments include private equity, credit and real estate.

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Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

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