First National Bank Sioux Falls purchased a new stake in shares of Apollo Global Management LLC (NYSE:APO) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 6,809 shares of the financial services provider’s stock, valued at approximately $258,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. TCG Advisors LP bought a new position in Apollo Global Management during the 1st quarter valued at $26,000. Arlington Partners LLC bought a new position in Apollo Global Management during the 2nd quarter valued at $34,000. NEXT Financial Group Inc bought a new position in Apollo Global Management during the 2nd quarter valued at $54,000. Boston Partners bought a new position in Apollo Global Management during the 2nd quarter valued at $125,000. Finally, Arden Trust Co bought a new position in Apollo Global Management during the 3rd quarter valued at $200,000. 72.55% of the stock is owned by hedge funds and other institutional investors.
APO has been the subject of a number of research reports. Bank of America increased their price target on Apollo Global Management from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, September 23rd. Zacks Investment Research lowered Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Co raised their price objective on Apollo Global Management from $42.00 to $48.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Barclays initiated coverage on Apollo Global Management in a research note on Monday, August 5th. They set an “overweight” rating and a $45.00 price objective for the company. Finally, ValuEngine lowered Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $42.67.
Shares of APO traded up $0.13 during trading hours on Friday, hitting $39.06. 435,246 shares of the company were exchanged, compared to its average volume of 3,286,840. The company has a market capitalization of $7.60 billion, a PE ratio of -186.00, a PEG ratio of 1.01 and a beta of 1.48. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a fifty day simple moving average of $38.64 and a 200-day simple moving average of $34.00. Apollo Global Management LLC has a one year low of $22.63 and a one year high of $41.79.
Apollo Global Management (NYSE:APO) last issued its earnings results on Wednesday, July 31st. The financial services provider reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.02). The firm had revenue of $523.30 million during the quarter, compared to analyst estimates of $398.72 million. The firm’s revenue for the quarter was down 17.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.53 earnings per share. Sell-side analysts expect that Apollo Global Management LLC will post 2.39 EPS for the current year.
In other Apollo Global Management news, Director Pauline Richards bought 2,720 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was acquired at an average price of $30.85 per share, with a total value of $83,912.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Martin Kelly sold 4,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $39.96, for a total value of $159,840.00. The disclosure for this sale can be found here. Company insiders own 46.90% of the company’s stock.
About Apollo Global Management
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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