Alps Advisors Inc. Invests $4.02 Million in Apollo Global Management LLC (NYSE:APO)

Alps Advisors Inc. bought a new position in shares of Apollo Global Management LLC (NYSE:APO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 106,300 shares of the financial services provider’s stock, valued at approximately $4,020,000. Alps Advisors Inc. owned about 0.05% of Apollo Global Management as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Rothschild Investment Corp IL grew 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 last quarter. Stelac Advisory Services LLC grew its holdings in shares of Apollo Global Management by 3.9% during the third quarter. Stelac Advisory Services LLC now owns 11,423 shares of the financial services provider’s stock worth $432,000 after purchasing an additional 430 shares during the last quarter. Heritage Wealth Advisors grew its holdings in shares of Apollo Global Management by 100.0% during the third quarter. Heritage Wealth Advisors now owns 1,000 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 500 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Apollo Global Management by 4.5% during the second quarter. Private Advisor Group LLC now owns 13,058 shares of the financial services provider’s stock worth $422,000 after purchasing an additional 560 shares during the last quarter. Finally, MBM Wealth Consultants LLC grew its holdings in shares of Apollo Global Management by 6.2% during the second quarter. MBM Wealth Consultants LLC now owns 11,108 shares of the financial services provider’s stock worth $381,000 after purchasing an additional 648 shares during the last quarter. Institutional investors own 72.93% of the company’s stock.

In other Apollo Global Management news, CFO Martin Kelly sold 4,000 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $39.96, for a total value of $159,840.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 46.90% of the company’s stock.

Shares of APO opened at $42.27 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.24. Apollo Global Management LLC has a 12-month low of $22.63 and a 12-month high of $44.18. The firm has a market capitalization of $8.78 billion, a PE ratio of -201.29, a price-to-earnings-growth ratio of 1.33 and a beta of 1.51. The stock’s fifty day simple moving average is $40.08 and its 200-day simple moving average is $35.76.

Apollo Global Management (NYSE:APO) last released its earnings results on Thursday, October 31st. The financial services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.03). The business had revenue of $401.38 million during the quarter, compared to analysts’ expectations of $404.24 million. During the same quarter last year, the firm earned $0.83 earnings per share. Analysts anticipate that Apollo Global Management LLC will post 2.33 EPS for the current year.

Several equities analysts have recently issued reports on APO shares. Zacks Investment Research lowered Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Oppenheimer set a $47.00 price target on Apollo Global Management and gave the company a “buy” rating in a research note on Friday, November 1st. BMO Capital Markets started coverage on Apollo Global Management in a research note on Monday, October 7th. They set an “outperform” rating and a $52.00 price target on the stock. Wells Fargo & Co upped their price target on 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, UBS Group upped their price target on Apollo Global Management from $45.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average 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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