LGT Capital Partners LTD. decreased its stake in shares of Apollo Global Management LLC (NYSE:APO) by 2.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 330,000 shares of the company’s stock after selling 10,000 shares during the period. LGT Capital Partners LTD. owned 0.18% of Apollo Global Management worth $5,927,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in APO. Oakworth Capital Inc. purchased a new position in shares of Apollo Global Management during the second quarter valued at approximately $128,000. Stifel Financial Corp purchased a new position in shares of Apollo Global Management during the second quarter valued at approximately $158,000. Veritable L.P. purchased a new position in shares of Apollo Global Management during the second quarter valued at approximately $172,000. Societe Generale purchased a new position in shares of Apollo Global Management during the second quarter valued at approximately $227,000. Finally, Baird Financial Group Inc. raised its position in shares of Apollo Global Management by 5.9% in the second quarter. Baird Financial Group Inc. now owns 16,681 shares of the company’s stock valued at $253,000 after buying an additional 934 shares in the last quarter.

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

Apollo Global Management LLC (NYSE:APO) traded up 2.05% during midday trading on Friday, hitting $19.38. The company had a trading volume of 771,058 shares. Apollo Global Management LLC has a 12 month low of $12.35 and a 12 month high of $19.57. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 15.41 and a beta of 1.77. The firm has a 50-day moving average price of $18.26 and a 200-day moving average price of $17.30.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Friday, October 28th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.12. The company earned $660.45 million during the quarter, compared to analyst estimates of $429 million. Apollo Global Management’s revenue for the quarter was up 160.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 EPS. Equities analysts anticipate that Apollo Global Management LLC will post $1.78 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Monday, November 21st will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 7.22%. The ex-dividend date of this dividend is Thursday, November 17th.

APO has been the topic of several research reports. Vetr lowered Apollo Global Management from a “strong-buy” rating to a “buy” rating and set a $20.72 price target on the stock. in a research note on Thursday, October 6th. Argus raised their price target on Apollo Global Management from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, August 12th. TheStreet upgraded Apollo Global Management from a “hold” rating to a “buy” rating in a research note on Thursday, September 1st. Jefferies Group raised their price target on Apollo Global Management from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Tuesday, October 11th. Finally, Zacks Investment Research upgraded Apollo Global Management from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Tuesday, October 11th. Eight investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $20.51.

Apollo Global Management Company Profile

Apollo Global Management, LLC (Apollo) is an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company operates through three segments: Private equity, Credit and Real estate.

5 Day Chart for NYSE:APO

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