Karpas Strategies LLC bought a new position in Apollo Global Management, LLC (NYSE:APO) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 25,000 shares of the company’s stock, valued at approximately $449,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Coronation Fund Managers Ltd. acquired a new position in shares of Apollo Global Management during the second quarter worth about $43,434,000. Bank of Montreal Can acquired a new position in shares of Apollo Global Management during the second quarter worth about $11,299,000. Beck Mack & Oliver LLC raised its position in shares of Apollo Global Management by 20.6% in the second quarter. Beck Mack & Oliver LLC now owns 2,560,558 shares of the company’s stock worth $38,793,000 after buying an additional 437,561 shares during the period. JPMorgan Chase & Co. raised its position in shares of Apollo Global Management by 31.9% in the second quarter. JPMorgan Chase & Co. now owns 1,356,471 shares of the company’s stock worth $20,552,000 after buying an additional 327,843 shares during the period. Finally, Toronto Dominion Bank acquired a new position in shares of Apollo Global Management during the second quarter worth about $4,423,000. 64.59% of the stock is owned by hedge funds and other institutional investors.

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

Apollo Global Management, LLC (NYSE:APO) traded down 0.05% during mid-day trading on Friday, reaching $21.42. 459,055 shares of the company traded hands. The company’s 50-day moving average is $19.97 and its 200-day moving average is $18.32. Apollo Global Management, LLC has a 12-month low of $12.35 and a 12-month high of $21.64. The stock has a market capitalization of $3.97 billion, a price-to-earnings ratio of 17.03 and a beta of 1.27.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Friday, October 28th. The company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.12. Apollo Global Management had a return on equity of 44.96% and a net margin of 16.36%. The firm earned $660.45 million during the quarter, compared to the consensus estimate of $429 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The business’s revenue was up 160.6% on a year-over-year basis. Equities analysts predict that Apollo Global Management, LLC will post $2.06 earnings per share for the current fiscal year.

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A number of research analysts recently issued reports on APO shares. Goldman Sachs Group, Inc. (The) upgraded shares of Apollo Global Management from a “neutral” rating to a “buy” rating and raised their price objective for the company from $20.00 to $24.00 in a report on Wednesday, January 4th. Zacks Investment Research lowered shares of Apollo Global Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 4th. Credit Suisse Group restated a “hold” rating and set a $22.00 price target on shares of Apollo Global Management in a report on Monday, November 7th. Vetr lowered shares of Apollo Global Management from a “strong-buy” rating to a “buy” rating and set a $20.72 price target for the company. in a report on Thursday, October 6th. Finally, Jefferies Group raised their price target on shares of Apollo Global Management from $21.00 to $23.00 and gave the stock a “buy” rating in a report on Tuesday, October 11th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Apollo Global Management has an average rating of “Buy” and a consensus target price of $21.34.

In related news, insider John J. Suydam sold 50,642 shares of the company’s stock in a transaction that occurred on Monday, November 28th. The stock was sold at an average price of $20.00, for a total transaction of $1,012,840.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.11% of the company’s stock.

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 operates through three segments: Private equity, Credit and Real estate.

5 Day Chart for NYSE:APO

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