Capital Management Associates NY acquired a new stake in Apollo Global Management, LLC (NYSE:APO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 19,000 shares of the financial services provider’s stock, valued at approximately $503,000.
Other large investors have also added to or reduced their stakes in the company. TCI Wealth Advisors Inc. increased its stake in Apollo Global Management by 38.4% in the first quarter. TCI Wealth Advisors Inc. now owns 5,770 shares of the financial services provider’s stock valued at $140,000 after buying an additional 1,601 shares during the last quarter. Penserra Capital Management LLC increased its stake in Apollo Global Management by 98.2% in the first quarter. Penserra Capital Management LLC now owns 5,890 shares of the financial services provider’s stock worth $143,000 after buying an additional 2,918 shares in the last quarter. NEXT Financial Group Inc increased its stake in 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 buying an additional 3,300 shares in the last quarter. Global X Management Co. LLC purchased a new stake in Apollo Global Management during the first quarter worth about $161,000. Finally, Koshinski Asset Management Inc. purchased a new stake in Apollo Global Management during the second quarter worth about $202,000. Institutional investors own 75.71% of the company’s stock.
Apollo Global Management, LLC (NYSE:APO) opened at 28.18 on Thursday. The stock has a market capitalization of $5.38 billion, a PE ratio of 9.26 and a beta of 1.22. Apollo Global Management, LLC has a 52-week low of $16.75 and a 52-week high of $28.50. The stock’s 50 day moving average price is $27.24 and its 200-day moving average price is $24.94.
Apollo Global Management (NYSE:APO) last posted its earnings results on Friday, April 28th. The financial services provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.63 by $0.19. Apollo Global Management had a return on equity of 72.89% and a net margin of 23.30%. The firm had revenue of $641.55 million for the quarter, compared to analyst estimates of $570.83 million. During the same period last year, the company earned ($0.18) earnings per share. Apollo Global Management’s revenue for the quarter was up 431.0% compared to the same quarter last year. On average, equities analysts expect that Apollo Global Management, LLC will post $2.47 EPS for the current fiscal year.
A number of equities research analysts have issued reports on APO shares. Zacks Investment Research downgraded Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Friday, April 7th. Jefferies Group LLC boosted their price target on Apollo Global Management from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, May 2nd. Goldman Sachs Group, Inc. (The) boosted their price target on Apollo Global Management from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, June 7th. BidaskClub downgraded Apollo Global Management from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, Morgan Stanley restated an “equal weight” rating and set a $26.00 price target (up 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, eleven have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $26.91.
In other Apollo Global Management news, CFO Martin Kelly sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $26.77, for a total value of $267,700.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Tiger Global Management Llc acquired 298,200 shares of the company’s stock in a transaction on Friday, May 5th. The stock was acquired at an average cost of $26.19 per share, for a total transaction of $7,809,858.00. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 5,082,985 shares of company stock worth $135,891,909 and sold 1,260,000 shares worth $33,537,989. 4.11% of the stock is currently owned by company insiders.
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’s segments include private equity, credit and real estate.
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