Kayne Anderson Capital Advisors LP Sells 2,600 Shares of Apollo Global Management LLC (NYSE:APO)

Kayne Anderson Capital Advisors LP cut its holdings in shares of Apollo Global Management LLC (NYSE:APO) by 8.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,855 shares of the financial services provider’s stock after selling 2,600 shares during the quarter. Kayne Anderson Capital Advisors LP’s holdings in Apollo Global Management were worth $1,015,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in APO. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Apollo Global Management by 46.5% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 588,058 shares of the financial services provider’s stock worth $16,613,000 after purchasing an additional 186,658 shares during the period. DNB Asset Management AS increased its holdings in shares of Apollo Global Management by 0.8% during the second quarter. DNB Asset Management AS now owns 149,600 shares of the financial services provider’s stock worth $5,131,000 after purchasing an additional 1,200 shares during the period. Arlington Partners LLC bought a new position in shares of Apollo Global Management during the second quarter worth approximately $34,000. Rothschild Investment Corp IL increased its holdings in shares of Apollo Global Management by 0.5% during the second quarter. Rothschild Investment Corp IL now owns 80,577 shares of the financial services provider’s stock worth $2,764,000 after purchasing an additional 400 shares during the period. Finally, NEXT Financial Group Inc bought a new position in shares of Apollo Global Management during the second quarter worth approximately $54,000. 72.93% of the stock is currently owned by institutional investors.

In related news, CFO Martin Kelly sold 4,000 shares of Apollo Global Management stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $39.96, for a total value of $159,840.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 46.90% of the company’s stock.

NYSE:APO traded down $0.30 during mid-day trading on Friday, reaching $42.27. The stock had a trading volume of 2,226,348 shares, compared to its average volume of 1,571,708. The stock has a 50-day simple moving average of $40.04 and a two-hundred day simple moving average of $35.71. The stock has a market capitalization of $8.78 billion, a PE ratio of -201.29, a P/E/G ratio of 1.33 and a beta of 1.51. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.64 and a quick ratio of 1.64. Apollo Global Management LLC has a 12 month low of $22.63 and a 12 month high of $44.18.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). The company had revenue of $401.38 million for the quarter, compared to analyst estimates of $404.24 million. During the same quarter last year, the business earned $0.83 earnings per share. Equities analysts expect that Apollo Global Management LLC will post 2.33 EPS for the current year.

Several brokerages have recently commented on APO. Citigroup reaffirmed a “buy” rating and set a $53.00 target price (up from $49.00) on shares of Apollo Global Management in a report on Tuesday, October 29th. Barclays reaffirmed a “buy” rating and set a $44.00 target price on shares of Apollo Global Management in a report on Sunday, October 13th. Oppenheimer set a $47.00 target price on shares of Apollo Global Management and gave the stock a “buy” rating in a report on Friday, November 1st. Wells Fargo & Co lifted their price objective on shares of Apollo Global Management from $42.00 to $48.00 and gave the company an “outperform” rating in a research note on Thursday, September 12th. Finally, BMO Capital Markets initiated coverage on shares of Apollo Global Management in a research note on Monday, October 7th. They issued an “outperform” rating and a $52.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $45.25.

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

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