Ancora Advisors LLC Takes $156,000 Position in Apollo Global Management LLC (APO)
Ancora Advisors LLC purchased a new stake in shares of Apollo Global Management LLC (NYSE:APO) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,512 shares of the financial services provider’s stock, valued at approximately $156,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its position in Apollo Global Management by 482.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,683 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 3,051 shares during the period. Centaurus Financial Inc. bought a new stake in shares of Apollo Global Management in the second quarter valued at approximately $139,000. Cerebellum GP LLC raised its position in shares of Apollo Global Management by 1,214.8% in the third quarter. Cerebellum GP LLC now owns 5,154 shares of the financial services provider’s stock valued at $178,000 after purchasing an additional 4,762 shares during the period. Parametrica Management Ltd bought a new stake in shares of Apollo Global Management in the third quarter valued at approximately $219,000. Finally, Wedbush Securities Inc. bought a new stake in shares of Apollo Global Management in the second quarter valued at approximately $241,000. 73.70% of the stock is currently owned by institutional investors.
Several analysts have recently issued reports on APO shares. Goldman Sachs Group raised shares of Apollo Global Management from a “buy” rating to a “conviction-buy” rating in a research report on Monday, October 1st. Credit Suisse Group boosted their price target on shares of Apollo Global Management from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, September 21st. ValuEngine lowered shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research report on Thursday, October 18th. Morgan Stanley lowered shares of Apollo Global Management from an “overweight” rating to an “equal weight” rating and set a $34.00 price target on the stock. in a research report on Wednesday, November 14th. Finally, Zacks Investment Research lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, September 11th. Five analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Apollo Global Management presently has an average rating of “Buy” and a consensus target price of $38.38.
NYSE APO opened at $26.09 on Friday. Apollo Global Management LLC has a 12-month low of $25.65 and a 12-month high of $37.35. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $5.33 billion, a PE ratio of 7.31, a price-to-earnings-growth ratio of 2.24 and a beta of 1.24.
Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.03). The business had revenue of $497.16 million during the quarter, compared to the consensus estimate of $596.75 million. Apollo Global Management had a net margin of 19.45% and a return on equity of 43.98%. The business’s revenue for the quarter was down 28.3% on a year-over-year basis. During the same period last year, the firm earned $1.07 EPS. Research analysts predict that Apollo Global Management LLC will post 1.18 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Tuesday, November 20th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, November 19th. This represents a $1.84 annualized dividend and a yield of 7.05%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.43. Apollo Global Management’s payout ratio is currently 51.54%.
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Apollo Global Management Profile
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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