TimesSquare Capital Management LLC lifted its position in shares of Apollo Global Management LLC (NYSE:APO) by 1.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,821,500 shares of the financial services provider’s stock after acquiring an additional 70,200 shares during the period. Apollo Global Management accounts for 0.8% of TimesSquare Capital Management LLC’s portfolio, making the stock its 27th biggest holding. TimesSquare Capital Management LLC owned about 1.97% of Apollo Global Management worth $127,906,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in APO. Dividend Assets Capital LLC lifted its stake in Apollo Global Management by 7.7% during the fourth quarter. Dividend Assets Capital LLC now owns 21,000 shares of the financial services provider’s stock valued at $702,000 after buying an additional 1,500 shares in the last quarter. Valley National Advisers Inc. increased its holdings in shares of Apollo Global Management by 10.4% in the 4th quarter. Valley National Advisers Inc. now owns 17,445 shares of the financial services provider’s stock valued at $584,000 after purchasing an additional 1,644 shares during the period. Stifel Financial Corp increased its holdings in shares of Apollo Global Management by 7.8% in the 3rd quarter. Stifel Financial Corp now owns 23,623 shares of the financial services provider’s stock valued at $710,000 after purchasing an additional 1,705 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of Apollo Global Management by 2.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 95,356 shares of the financial services provider’s stock valued at $2,870,000 after purchasing an additional 1,907 shares during the period. Finally, Pzena Investment Management LLC increased its holdings in shares of Apollo Global Management by 1.0% in the 4th quarter. Pzena Investment Management LLC now owns 292,861 shares of the financial services provider’s stock valued at $9,802,000 after purchasing an additional 2,772 shares during the period. Institutional investors and hedge funds own 70.48% of the company’s stock.
A number of equities research analysts have issued reports on the company. Citigroup raised Apollo Global Management from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Monday. Zacks Investment Research cut Apollo Global Management from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Credit Suisse Group raised their target price on Apollo Global Management from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Monday, February 5th. ValuEngine upgraded Apollo Global Management from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $43.00 price objective on shares of Apollo Global Management in a research note on Thursday, February 1st. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $36.50.
Apollo Global Management LLC (NYSE APO) traded down $0.18 during trading hours on Wednesday, hitting $32.83. The company’s stock had a trading volume of 502,696 shares, compared to its average volume of 1,113,902. The firm has a market cap of $6,620.00, a price-to-earnings ratio of 7.56, a price-to-earnings-growth ratio of 0.99 and a beta of 1.06. Apollo Global Management LLC has a 52-week low of $22.91 and a 52-week high of $37.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.26 and a quick ratio of 2.26.
Apollo Global Management (NYSE:APO) last posted its earnings results on Thursday, February 1st. The financial services provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.55. The business had revenue of $869.50 million for the quarter, compared to analyst estimates of $599.38 million. Apollo Global Management had a return on equity of 62.94% and a net margin of 23.92%. The firm’s revenue was up 26.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 EPS. equities research analysts forecast that Apollo Global Management LLC will post 3.09 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 21st were given a dividend of $0.66 per share. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.39. This represents a $2.64 annualized dividend and a dividend yield of 8.04%. The ex-dividend date was Tuesday, February 20th. Apollo Global Management’s dividend payout ratio is currently 60.83%.
In other news, Director Pauline Richards bought 1,280 shares of the stock in a transaction on Wednesday, February 7th. The stock was acquired at an average price of $33.66 per share, with a total value of $43,084.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Martin Kelly sold 5,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $32.68, for a total value of $163,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,091,842 shares of company stock valued at $173,113,138. 4.11% of the stock is owned by corporate insiders.
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About Apollo Global Management
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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