Apollo Global Management LLC (APO) Stake Boosted by First Allied Advisory Services Inc.

First Allied Advisory Services Inc. grew its holdings in Apollo Global Management LLC (NYSE:APO) by 91.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 51,682 shares of the financial services provider’s stock after purchasing an additional 24,690 shares during the period. First Allied Advisory Services Inc.’s holdings in Apollo Global Management were worth $1,548,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Tiger Global Management LLC increased its stake in shares of Apollo Global Management by 40.9% in the 2nd quarter. Tiger Global Management LLC now owns 32,885,212 shares of the financial services provider’s stock valued at $869,814,000 after purchasing an additional 9,550,313 shares during the last quarter. Capital World Investors increased its stake in shares of Apollo Global Management by 16.5% in the 2nd quarter. Capital World Investors now owns 7,649,700 shares of the financial services provider’s stock valued at $202,335,000 after purchasing an additional 1,082,313 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Apollo Global Management by 2.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,394,866 shares of the financial services provider’s stock valued at $163,950,000 after purchasing an additional 152,999 shares during the last quarter. GMT Capital Corp grew its position in Apollo Global Management by 224.2% during the 2nd quarter. GMT Capital Corp now owns 4,268,063 shares of the financial services provider’s stock worth $112,421,000 after acquiring an additional 2,951,622 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its position in Apollo Global Management by 6.8% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 2,389,884 shares of the financial services provider’s stock worth $71,936,000 after acquiring an additional 152,657 shares during the last quarter. Institutional investors own 72.58% of the company’s stock.

APO has been the topic of a number of research reports. Zacks Investment Research lowered Apollo Global Management from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Keefe, Bruyette & Woods restated a “buy” rating and set a $35.00 price objective on shares of Apollo Global Management in a research report on Thursday, October 12th. Jefferies Group restated a “buy” rating and set a $34.00 price objective on shares of Apollo Global Management in a research report on Tuesday, September 26th. Wells Fargo & Company restated an “outperform” rating and set a $39.00 price objective (up previously from $34.00) on shares of Apollo Global Management in a research report on Thursday, November 2nd. Finally, Citigroup boosted their price objective on Apollo Global Management from $35.50 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, November 2nd. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $33.38.

In related news, major shareholder Tiger Global Management Llc bought 43,714 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were purchased at an average cost of $29.18 per share, with a total value of $1,275,574.52. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.11% of the stock is currently owned by insiders.

Apollo Global Management LLC (APO) opened at $31.90 on Friday. The company has a market capitalization of $6,173.93, a PE ratio of 9.58, a price-to-earnings-growth ratio of 1.07 and a beta of 1.22. Apollo Global Management LLC has a twelve month low of $18.90 and a twelve month high of $33.37. 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 (NYSE:APO) last announced its earnings results on Wednesday, November 1st. The financial services provider reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.51. The firm had revenue of $645.20 million for the quarter, compared to the consensus estimate of $467.72 million. Apollo Global Management had a return on equity of 64.11% and a net margin of 24.82%. The business’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 EPS. equities analysts anticipate that Apollo Global Management LLC will post 2.98 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Tuesday, November 21st were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend was Monday, November 20th. Apollo Global Management’s payout ratio is presently 50.98%.

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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.

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

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