Pinebridge Investments L.P. Has $684,000 Holdings in Apollo Global Management LLC (APO)

Pinebridge Investments L.P. lessened its holdings in Apollo Global Management LLC (NYSE:APO) by 16.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,738 shares of the financial services provider’s stock after selling 4,620 shares during the quarter. Pinebridge Investments L.P.’s holdings in Apollo Global Management were worth $684,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in APO. Tiger Global Management LLC increased its holdings in Apollo Global Management by 40.9% in the 2nd quarter. Tiger Global Management LLC now owns 32,885,212 shares of the financial services provider’s stock valued at $869,814,000 after buying an additional 9,550,313 shares during the period. GMT Capital Corp increased its holdings in Apollo Global Management by 224.2% in the 2nd quarter. GMT Capital Corp now owns 4,268,063 shares of the financial services provider’s stock valued at $112,421,000 after buying an additional 2,951,622 shares during the period. JPMorgan Chase & Co. increased its holdings in Apollo Global Management by 48.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,241,867 shares of the financial services provider’s stock valued at $138,648,000 after buying an additional 1,707,154 shares during the period. Capital World Investors increased its holdings in Apollo Global Management by 16.5% in the 2nd quarter. Capital World Investors now owns 7,649,700 shares of the financial services provider’s stock valued at $202,335,000 after buying an additional 1,082,313 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Apollo Global Management by 4,894.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 746,881 shares of the financial services provider’s stock valued at $22,481,000 after purchasing an additional 731,928 shares in the last quarter. 72.57% of the stock is currently owned by hedge funds and other institutional investors.

APO has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $35.00 target price on shares of Apollo Global Management in a research note on Thursday, October 12th. Jefferies Group restated a “buy” rating and issued a $34.00 target price on shares of Apollo Global Management in a research note on Tuesday, September 26th. Wells Fargo & Company restated an “outperform” rating and issued a $39.00 target price (up previously from $34.00) on shares of Apollo Global Management in a research note on Thursday, November 2nd. Finally, Citigroup boosted their target price on shares of Apollo Global Management from $35.50 to $38.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $33.38.

Apollo Global Management LLC (NYSE:APO) opened at $31.90 on Monday. The stock has a market cap of $6,173.93, a PE ratio of 9.58, a P/E/G ratio of 1.07 and a beta of 1.22. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.58. Apollo Global Management LLC has a 52-week low of $18.90 and a 52-week high of $33.37.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.51. The business had revenue of $645.20 million for the quarter, compared to the consensus estimate of $467.72 million. Apollo Global Management had a net margin of 24.82% and a return on equity of 64.11%. The firm’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 EPS. analysts forecast that Apollo Global Management LLC will post 2.98 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Tuesday, November 21st were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, November 20th. This represents a $1.56 annualized dividend and a yield of 4.89%. Apollo Global Management’s dividend payout ratio (DPR) is 50.98%.

In related news, major shareholder Tiger Global Management Llc purchased 43,714 shares of Apollo Global Management stock in a transaction that occurred on Tuesday, November 14th. The shares were acquired at an average price of $29.18 per share, for a total transaction of $1,275,574.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.11% of the stock is owned by corporate insiders.

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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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