Wellington Shields Capital Management LLC bought a new position in Apollo Global Management LLC (NYSE:APO) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 19,950 shares of the financial services provider’s stock, valued at approximately $755,000.

Several other large investors also recently bought and sold shares of the company. Rothschild Investment Corp IL lifted its position in shares of Apollo Global Management by 0.5% in the 2nd quarter. Rothschild Investment Corp IL now owns 80,577 shares of the financial services provider’s stock worth $2,764,000 after purchasing an additional 400 shares during the period. Stelac Advisory Services LLC lifted its position in shares of Apollo Global Management by 3.9% in the 3rd quarter. Stelac Advisory Services LLC now owns 11,423 shares of the financial services provider’s stock worth $432,000 after purchasing an additional 430 shares during the period. Heritage Wealth Advisors lifted its position in shares of Apollo Global Management by 100.0% in the 3rd quarter. Heritage Wealth Advisors now owns 1,000 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 500 shares during the period. Private Advisor Group LLC lifted its position in shares of Apollo Global Management by 4.5% in the 2nd quarter. Private Advisor Group LLC now owns 13,058 shares of the financial services provider’s stock worth $422,000 after purchasing an additional 560 shares during the period. Finally, MBM Wealth Consultants LLC lifted its position in shares of Apollo Global Management by 6.2% in the 2nd quarter. MBM Wealth Consultants LLC now owns 11,108 shares of the financial services provider’s stock worth $381,000 after purchasing an additional 648 shares during the period. 72.97% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently issued reports on the stock. Citigroup reissued a “buy” rating and set a $53.00 price target (up from $49.00) on shares of Apollo Global Management in a research report on Tuesday, October 29th. ValuEngine cut shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Wells Fargo & Co lifted their price target on shares of Apollo Global Management from $42.00 to $48.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th. UBS Group lifted their price target on shares of Apollo Global Management from $45.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Finally, Oppenheimer set a $47.00 price target on shares of Apollo Global Management and gave the company a “buy” rating in a research report on Friday, November 1st. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Apollo Global Management has an average rating of “Buy” and an average target price of $45.25.

NYSE APO traded up $0.47 during trading hours on Tuesday, reaching $42.90. 1,763,287 shares of the company’s stock traded hands, compared to its average volume of 1,572,988. The firm has a market cap of $8.49 billion, a PE ratio of -204.29, a PEG ratio of 1.28 and a beta of 1.51. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.38 and a quick ratio of 1.38. Apollo Global Management LLC has a 52-week low of $22.63 and a 52-week high of $44.18. The firm has a 50-day simple moving average of $40.15 and a 200 day simple moving average of $35.86.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). The business had revenue of $401.38 million for the quarter, compared to analyst estimates of $404.24 million. During the same period in the prior year, the company posted $0.83 EPS. Sell-side analysts forecast that Apollo Global Management LLC will post 2.34 EPS for the current fiscal year.

In other Apollo Global Management news, CFO Martin Kelly sold 4,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $39.96, for a total transaction of $159,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 46.90% of the stock is currently owned by company insiders.

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

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