Apollo Global Management, LLC (APO) Shares Bought by Beck Capital Management LLC
Beck Capital Management LLC grew its stake in shares of Apollo Global Management, LLC (NYSE:APO) by 8.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 143,497 shares of the financial services provider’s stock after purchasing an additional 11,486 shares during the quarter. Apollo Global Management makes up about 2.1% of Beck Capital Management LLC’s holdings, making the stock its 15th biggest position. Beck Capital Management LLC owned 0.07% of Apollo Global Management worth $4,319,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Stelac Advisory Services LLC acquired a new stake in Apollo Global Management during the third quarter worth approximately $117,000. Penserra Capital Management LLC raised its holdings 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 worth $171,000 after purchasing an additional 589 shares in the last quarter. Cowen Prime Services LLC increased its holdings in shares of Apollo Global Management by 400.0% in the 2nd 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 during the period. First Midwest Bank Trust Division acquired a new position in shares of Apollo Global Management in the 3rd quarter valued at $232,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of Apollo Global Management in the 2nd quarter valued at $211,000. 72.58% of the stock is currently owned by institutional investors.
In other news, major shareholder Tiger Global Management Llc acquired 43,714 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average cost of $29.18 per share, for a total transaction of $1,275,574.52. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.11% of the company’s stock.
Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.51. Apollo Global Management had a net margin of 24.82% and a return on equity of 64.11%. The firm had revenue of $645.20 million for the quarter, compared to analyst estimates of $467.72 million. During the same period last year, the firm posted $0.58 EPS. Apollo Global Management’s quarterly revenue was up 31.1% on a year-over-year basis. equities analysts anticipate that Apollo Global Management, LLC will post 2.98 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Tuesday, November 21st were given a $0.39 dividend. The ex-dividend date was Monday, November 20th. This represents a $1.56 dividend on an annualized basis and a yield of 5.04%. Apollo Global Management’s dividend payout ratio (DPR) is 50.98%.
APO has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $35.00 target price on shares of Apollo Global Management in a report on Thursday, October 12th. Zacks Investment Research raised shares of Apollo Global Management from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Tuesday, October 10th. Citigroup lifted their target price on shares of Apollo Global Management from $35.50 to $38.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Jefferies Group lifted their target price on shares of Apollo Global Management from $35.00 to $36.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $39.00 target price (up from $34.00) on shares of Apollo Global Management in a report on Thursday, November 2nd. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Apollo Global Management currently has a consensus rating of “Buy” and an average price target of $33.38.
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.
Want to see what other hedge funds are holding APO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Global Management, LLC (NYSE:APO).
Receive News & Stock Ratings for Apollo Global Management LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Global Management LLC and related stocks with our FREE daily email newsletter.