Gabelli Funds LLC bought a new position in shares of Apollo Global Management LLC (NYSE:APO) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 41,000 shares of the financial services provider’s stock, valued at approximately $1,551,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Gamco Investors INC. ET AL bought a new position in Apollo Global Management during the third quarter worth about $250,000. Stelac Advisory Services LLC lifted its holdings in shares of Apollo Global Management by 3.9% during the 3rd quarter. Stelac Advisory Services LLC now owns 11,423 shares of the financial services provider’s stock valued at $432,000 after purchasing an additional 430 shares in the last quarter. Tocqueville Asset Management L.P. lifted its holdings in shares of Apollo Global Management by 953.9% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 92,220 shares of the financial services provider’s stock valued at $3,488,000 after purchasing an additional 83,470 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Apollo Global Management by 22.1% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 136,658 shares of the financial services provider’s stock valued at $5,168,000 after purchasing an additional 24,719 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Apollo Global Management during the 3rd quarter valued at about $163,000. Hedge funds and other institutional investors own 72.93% of the company’s stock.
Several equities analysts have recently weighed in on the company. Zacks Investment Research cut Apollo Global Management from a “buy” rating to a “hold” rating in a report on Wednesday, October 9th. BMO Capital Markets assumed coverage on Apollo Global Management in a report on Monday, October 7th. They set an “outperform” rating and a $52.00 price objective on the stock. Citigroup reiterated a “buy” rating and set a $53.00 price objective (up previously from $49.00) on shares of Apollo Global Management in a report on Tuesday, October 29th. Barclays reiterated a “buy” rating and set a $44.00 price objective on shares of Apollo Global Management in a report on Sunday, October 13th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a $54.00 price objective (up previously from $45.00) on shares of Apollo Global Management in a report on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Apollo Global Management has an average rating of “Buy” and a consensus target price of $45.25.
NYSE APO traded down $0.30 during trading on Friday, hitting $42.27. The stock had a trading volume of 2,213,660 shares, compared to its average volume of 1,571,708. The company 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’s 50-day moving average price is $40.08 and its two-hundred day moving average price is $35.76. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.64 and a current 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 released its earnings results on Thursday, October 31st. The financial services provider reported $0.54 EPS for the quarter, missing the Thomson Reuters’ 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 EPS. As a group, equities analysts anticipate that Apollo Global Management LLC will post 2.33 earnings per share for the current fiscal year.
In other Apollo Global Management news, CFO Martin Kelly sold 4,000 shares of the business’s stock in a transaction that occurred on 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 legal filing with the SEC, which is available at this hyperlink. 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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