First Allied Advisory Services Inc. decreased its position in Apollo Global Management, LLC (NYSE:APO) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,992 shares of the financial services provider’s stock after selling 531 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Apollo Global Management were worth $713,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Global X Management Co. LLC acquired a new position in Apollo Global Management in the first quarter worth approximately $161,000. NEXT Financial Group Inc raised its position in Apollo Global Management by 106.5% during the second quarter. NEXT Financial Group Inc now owns 6,400 shares of the financial services provider’s stock valued at $169,000 after acquiring an additional 3,300 shares in the last quarter. Penserra Capital Management LLC raised its position in Apollo Global Management by 10.0% during the second quarter. Penserra Capital Management LLC now owns 6,479 shares of the financial services provider’s stock valued at $171,000 after acquiring an additional 589 shares in the last quarter. Cowen Prime Services LLC raised its position in Apollo Global Management by 400.0% during the second quarter. Cowen Prime Services LLC now owns 7,500 shares of the financial services provider’s stock valued at $198,000 after acquiring an additional 6,000 shares in the last quarter. Finally, Koshinski Asset Management Inc. acquired a new stake in Apollo Global Management in the second quarter valued at approximately $202,000. 73.58% of the stock is owned by institutional investors and hedge funds.

In other Apollo Global Management news, major shareholder Tiger Global Management Llc bought 249,968 shares of the firm’s stock in a transaction that occurred on Thursday, July 20th. The shares were acquired at an average cost of $27.68 per share, with a total value of $6,919,114.24. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Robert K. Kraft bought 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were acquired at an average cost of $28.88 per share, for a total transaction of $866,400.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 1,399,918 shares of company stock worth $39,210,819. 4.11% of the stock is owned by insiders.

Shares of Apollo Global Management, LLC (APO) opened at 30.04 on Wednesday. The firm has a market capitalization of $5.83 billion, a P/E ratio of 11.77 and a beta of 1.20. Apollo Global Management, LLC has a 12 month low of $17.38 and a 12 month high of $31.69. The stock has a 50 day moving average price of $29.54 and a 200 day moving average price of $27.45.

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

Several research firms have commented on APO. Zacks Investment Research downgraded shares of Apollo Global Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) raised their price target on shares of Apollo Global Management from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, June 7th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Apollo Global Management in a research note on Friday, July 14th. BidaskClub lowered shares of Apollo Global Management from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $26.00 price objective (up previously from $25.00) on shares of Apollo Global Management in a research note on Monday, July 10th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $29.13.

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Apollo Global Management 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’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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