Evanston Investments Inc. dba Evanston Advisors acquired a new position in Apollo Global Management, LLC (NYSE:APO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,000 shares of the financial services provider’s stock, valued at approximately $301,000.

A number of other hedge funds have also recently made changes to their positions in APO. Tiger Global Management LLC grew its position in shares of Apollo Global Management by 40.9% during the 2nd quarter. Tiger Global Management LLC now owns 32,885,212 shares of the financial services provider’s stock worth $869,814,000 after buying an additional 9,550,313 shares during the period. GMT Capital Corp grew its position in shares of Apollo Global Management by 224.2% during the 2nd quarter. GMT Capital Corp now owns 4,268,063 shares of the financial services provider’s stock worth $112,421,000 after buying an additional 2,951,622 shares during the period. JPMorgan Chase & Co. grew its position in shares of Apollo Global Management by 48.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,241,867 shares of the financial services provider’s stock worth $138,648,000 after buying an additional 1,707,154 shares during the period. Capital World Investors grew its position in shares of Apollo Global Management by 16.5% during the 2nd quarter. Capital World Investors now owns 7,649,700 shares of the financial services provider’s stock worth $202,335,000 after buying an additional 1,082,313 shares during the period. Finally, Ameriprise Financial Inc. grew its position in shares of Apollo Global Management by 4,894.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 746,881 shares of the financial services provider’s stock worth $22,481,000 after buying an additional 731,928 shares during the period. Hedge funds and other institutional investors own 71.94% of the company’s stock.

Apollo Global Management, LLC (NYSE APO) opened at $30.30 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.74 and a quick ratio of 1.74. Apollo Global Management, LLC has a 12-month low of $18.90 and a 12-month high of $33.37. The stock has a market capitalization of $5,864.26, a P/E ratio of 9.10, a P/E/G ratio of 1.02 and a beta of 1.23.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Tuesday, November 21st will be given a $0.39 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.56 annualized dividend and a dividend yield of 5.15%. Apollo Global Management’s dividend payout ratio is presently 50.98%.

In other Apollo Global Management news, major shareholder Tiger Global Management Llc acquired 43,714 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was acquired at an average cost of $29.18 per share, for a total transaction of $1,275,574.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 4.11% of the stock is currently owned by insiders.

Several equities analysts have recently issued reports on APO shares. BidaskClub upgraded Apollo Global Management from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. Jefferies Group LLC restated a “buy” rating on shares of Apollo Global Management in a research report on Thursday, August 3rd. Deutsche Bank AG boosted their target price on Apollo Global Management from $27.00 to $30.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. UBS AG restated a “buy” rating and set a $32.00 target price (up from $30.00) on shares of Apollo Global Management in a research report on Friday, August 4th. Finally, JMP Securities restated an “outperform” rating and set a $32.00 target price on shares of Apollo Global Management in a research report on Friday, August 4th. Four investment 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 company. Apollo Global Management currently has a consensus rating of “Buy” and a consensus target price of $33.38.

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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.

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

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