GMT Capital Corp lifted its holdings in Apollo Global Management, LLC (NYSE:APO) by 224.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,268,063 shares of the financial services provider’s stock after acquiring an additional 2,951,622 shares during the quarter. Apollo Global Management accounts for 2.4% of GMT Capital Corp’s holdings, making the stock its 9th biggest position. GMT Capital Corp owned approximately 2.21% of Apollo Global Management worth $112,421,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. NEXT Financial Group Inc increased its stake in shares of Apollo Global Management by 106.5% in the second quarter. NEXT Financial Group Inc now owns 6,400 shares of the financial services provider’s stock worth $169,000 after acquiring an additional 3,300 shares during the period. Penserra Capital Management LLC increased its stake in shares of Apollo Global Management by 10.0% in the second quarter. Penserra Capital Management LLC now owns 6,479 shares of the financial services provider’s stock worth $171,000 after acquiring an additional 589 shares during the period. Global X Management Co. LLC acquired a new stake in shares of Apollo Global Management in the first quarter worth $161,000. Cowen Prime Services LLC increased its stake in shares of Apollo Global Management by 400.0% in the second quarter. Cowen Prime Services LLC now owns 7,500 shares of the financial services provider’s stock worth $198,000 after acquiring an additional 6,000 shares during the period. Finally, Koshinski Asset Management Inc. acquired a new stake in shares of Apollo Global Management in the second quarter worth $202,000. Hedge funds and other institutional investors own 73.58% of the company’s stock.

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Several analysts recently commented on the stock. Jefferies Group LLC restated a “buy” rating and set a $34.00 price target on shares of Apollo Global Management in a research report on Tuesday. Morgan Stanley raised their price target on shares of Apollo Global Management from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 8th. JMP Securities restated an “outperform” rating and set a $32.00 price target on shares of Apollo Global Management in a research report on Friday, August 4th. UBS AG restated a “buy” rating and set a $32.00 price target (up previously from $30.00) on shares of Apollo Global Management in a research report on Friday, August 4th. Finally, Deutsche Bank AG raised their price target on shares of Apollo Global Management from $27.00 to $30.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $29.13.

Apollo Global Management, LLC (NYSE APO) traded down 0.03% during trading on Thursday, reaching $30.00. 188,759 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $29.25 and its 200-day moving average price is $26.92. The stock has a market cap of $5.82 billion, a P/E ratio of 11.75 and a beta of 1.22. Apollo Global Management, LLC has a one year low of $17.38 and a one year high of $31.07.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.04). Apollo Global Management had a return on equity of 59.61% and a net margin of 21.79%. The company had revenue of $432.87 million for the quarter, compared to analyst estimates of $455.29 million. During the same period last year, the company earned $0.98 earnings per share. The business’s revenue for the quarter was down 34.5% compared to the same quarter last year. On average, equities analysts anticipate that Apollo Global Management, LLC will post $2.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 22nd were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, August 18th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.49. This represents a $2.08 dividend on an annualized basis and a dividend yield of 6.91%. Apollo Global Management’s dividend payout ratio is 81.25%.

In other Apollo Global Management news, major shareholder Tiger Global Management Llc acquired 253,672 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were purchased at an average cost of $28.48 per share, with a total value of $7,224,578.56. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider John J. Suydam sold 53,383 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $29.07, for a total transaction of $1,551,843.81. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 1,399,918 shares of company stock worth $39,210,819. Corporate insiders own 4.11% of the company’s stock.

About Apollo Global Management

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’s segments include private equity, credit and real estate.

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

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