Neuberger Berman Group LLC trimmed its holdings in shares of Apollo Global Management LLC (NYSE:APO) by 5.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,088 shares of the financial services provider’s stock after selling 3,122 shares during the period. Neuberger Berman Group LLC’s holdings in Apollo Global Management were worth $1,834,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of APO. Alpine Global Management LLC acquired a new stake in Apollo Global Management in the third quarter valued at approximately $210,000. Koshinski Asset Management Inc. raised its stake in shares of Apollo Global Management by 78.0% during the third quarter. Koshinski Asset Management Inc. now owns 22,369 shares of the financial services provider’s stock valued at $773,000 after acquiring an additional 9,804 shares during the last quarter. Putnam Investments LLC bought a new position in shares of Apollo Global Management during the third quarter valued at $8,247,000. Select Equity Group L.P. bought a new position in shares of Apollo Global Management during the third quarter valued at $15,862,000. Finally, Capital International Investors bought a new position in shares of Apollo Global Management during the third quarter valued at $71,968,000. Institutional investors own 73.66% of the company’s stock.
In other news, major shareholder Tiger Global Management Llc bought 1,122,800 shares of the stock in a transaction that occurred on Wednesday, December 26th. The stock was acquired at an average price of $23.54 per share, with a total value of $26,430,712.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director A B. Krongard bought 1,000 shares of the stock in a transaction that occurred on Thursday, November 15th. The shares were purchased at an average cost of $28.24 per share, with a total value of $28,240.00. The disclosure for this purchase can be found here. Insiders have purchased 4,079,917 shares of company stock valued at $107,205,569 in the last three months. 4.11% of the stock is owned by insiders.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Apollo Global Management from a “sell” rating to a “hold” rating in a research note on Wednesday, October 3rd. ValuEngine raised shares of Apollo Global Management from a “hold” rating to a “buy” rating in a research note on Tuesday, October 2nd. Credit Suisse Group raised their price target on shares of Apollo Global Management from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, September 21st. Goldman Sachs Group raised shares of Apollo Global Management from a “buy” rating to a “conviction-buy” rating in a research note on Monday, October 1st. Finally, Oppenheimer set a $43.00 price target on shares of Apollo Global Management and gave the company a “buy” rating in a research note on Tuesday, October 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $38.38.
Shares of NYSE APO opened at $26.76 on Wednesday. Apollo Global Management LLC has a twelve month low of $22.63 and a twelve month high of $37.35. The firm has a market cap of $5.11 billion, a P/E ratio of 7.50, a PEG ratio of 0.88 and a beta of 1.26. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.56.
Apollo Global Management (NYSE:APO) last announced its earnings results on Wednesday, October 31st. The financial services provider reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.03). Apollo Global Management had a return on equity of 43.98% and a net margin of 19.45%. The firm had revenue of $497.16 million for the quarter, compared to the consensus estimate of $596.75 million. During the same period in the prior year, the business earned $1.07 EPS. Apollo Global Management’s quarterly revenue was down 28.3% on a year-over-year basis. On average, research analysts predict that Apollo Global Management LLC will post 1.14 EPS for the current fiscal year.
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Apollo Global Management Company Profile
Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients.
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