Apollo Global Management, LLC (APO) Holdings Cut by Alps Advisors Inc.

Alps Advisors Inc. reduced its position in shares of Apollo Global Management, LLC (NYSE:APO) by 20.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,248 shares of the financial services provider’s stock after selling 4,286 shares during the quarter. Alps Advisors Inc.’s holdings in Apollo Global Management were worth $489,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Tiger Global Management LLC boosted its holdings in Apollo Global Management by 40.9% in the second quarter. Tiger Global Management LLC now owns 32,885,212 shares of the financial services provider’s stock worth $869,814,000 after purchasing an additional 9,550,313 shares in the last quarter. Capital World Investors boosted its holdings in Apollo Global Management by 16.5% in the second quarter. Capital World Investors now owns 7,649,700 shares of the financial services provider’s stock worth $202,335,000 after purchasing an additional 1,082,313 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Apollo Global Management by 48.3% in the second quarter. JPMorgan Chase & Co. now owns 5,241,867 shares of the financial services provider’s stock worth $138,648,000 after purchasing an additional 1,707,154 shares in the last quarter. GMT Capital Corp boosted its holdings in Apollo Global Management by 224.2% in the second quarter. GMT Capital Corp now owns 4,268,063 shares of the financial services provider’s stock worth $112,421,000 after purchasing an additional 2,951,622 shares in the last quarter. Finally, Beck Mack & Oliver LLC boosted its holdings in Apollo Global Management by 2.0% in the second quarter. Beck Mack & Oliver LLC now owns 3,056,035 shares of the financial services provider’s stock worth $80,832,000 after purchasing an additional 60,473 shares in the last quarter. 73.69% of the stock is currently owned by institutional investors.

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Apollo Global Management, LLC (APO) opened at $29.28 on Friday. The company has a market cap of $5,666.85, a PE ratio of 8.79, a PEG ratio of 0.98 and a beta of 1.23. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.58. Apollo Global Management, LLC has a 52-week low of $18.90 and a 52-week high of $33.37.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $1.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.51. The business had revenue of $645.20 million during the quarter, compared to analyst estimates of $467.72 million. Apollo Global Management had a net margin of 24.82% and a return on equity of 64.11%. The firm’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.58 earnings per share. sell-side analysts forecast that Apollo Global Management, LLC will post 2.98 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Tuesday, November 21st will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date is Monday, November 20th. Apollo Global Management’s dividend payout ratio is currently 67.97%.

In other Apollo Global Management news, Director A B. Krongard purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was purchased at an average price of $29.28 per share, with a total value of $29,280.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Tiger Global Management Llc purchased 43,714 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was acquired at an average cost of $29.18 per share, with a total value of $1,275,574.52. The disclosure for this purchase can be found here. Insiders have bought 298,386 shares of company stock valued at $8,529,433 in the last ninety days. 4.11% of the stock is owned by company insiders.

A number of equities research analysts have issued reports on the stock. Deutsche Bank AG upped their price target on shares of Apollo Global Management from $27.00 to $30.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Apollo Global Management from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Monday, November 6th. Jefferies Group LLC upped their price target on shares of Apollo Global Management from $35.00 to $36.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Credit Suisse Group upped their price target on shares of Apollo Global Management from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, November 2nd. Finally, Wells Fargo & Company restated an “outperform” rating and set a $39.00 price target (up from $34.00) on shares of Apollo Global Management in a report on Thursday, November 2nd. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Apollo Global Management presently has an average rating of “Buy” and a consensus price target of $33.38.

Apollo Global Management Company 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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