Wells Fargo & Company MN increased its stake in Apollo Global Management, LLC (NYSE:APO) by 10.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 373,218 shares of the financial services provider’s stock after buying an additional 35,377 shares during the period. Wells Fargo & Company MN owned 0.20% of Apollo Global Management worth $9,872,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Alps Advisors Inc. increased its stake in Apollo Global Management by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 20,534 shares of the financial services provider’s stock worth $543,000 after buying an additional 53 shares during the period. Wedbush Securities Inc. increased its stake in Apollo Global Management by 5.7% in the 2nd quarter. Wedbush Securities Inc. now owns 9,280 shares of the financial services provider’s stock worth $245,000 after buying an additional 500 shares during the period. HighTower Advisors LLC increased its stake in Apollo Global Management by 0.8% in the 1st quarter. HighTower Advisors LLC now owns 68,399 shares of the financial services provider’s stock worth $1,666,000 after buying an additional 549 shares during the period. Penserra Capital Management LLC increased its stake in Apollo Global Management by 10.0% in the 2nd quarter. Penserra Capital Management LLC now owns 6,479 shares of the financial services provider’s stock worth $171,000 after buying an additional 589 shares during the period. Finally, SOL Capital Management CO increased its stake in Apollo Global Management by 1.4% in the 2nd quarter. SOL Capital Management CO now owns 44,200 shares of the financial services provider’s stock worth $1,169,000 after buying an additional 600 shares during the period. 73.58% of the stock is currently owned by institutional investors.

In other Apollo Global Management news, major shareholder Tiger Global Management Llc purchased 253,672 shares of the business’s stock in a transaction on Friday, September 8th. The shares were bought at an average cost of $28.48 per share, for a total transaction of $7,224,578.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director A B. Krongard purchased 1,000 shares of the business’s stock in a transaction on Monday, August 28th. The shares were acquired at an average price of $29.28 per share, for a total transaction of $29,280.00. The disclosure for this purchase can be found here. Insiders have acquired 1,399,918 shares of company stock worth $39,210,819 over the last quarter. Insiders own 4.11% of the company’s stock.

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Apollo Global Management, LLC (NYSE:APO) opened at 30.38 on Thursday. The stock has a market cap of $5.89 billion, a P/E ratio of 11.90 and a beta of 1.20. The firm’s 50-day moving average is $29.54 and its 200-day moving average is $27.47. Apollo Global Management, LLC has a 52-week low of $17.38 and a 52-week high of $31.69.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.04). The business had revenue of $432.87 million for the quarter, compared to analysts’ expectations of $455.29 million. Apollo Global Management had a return on equity of 59.61% and a net margin of 21.79%. The firm’s revenue for the quarter was down 34.5% on a year-over-year basis. During the same quarter last year, the company earned $0.98 earnings per share. Equities research analysts predict that Apollo Global Management, LLC will post $2.45 earnings per share for the current year.

Several research analysts recently commented on the stock. Morgan Stanley raised their price target on shares of Apollo Global Management from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 8th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $34.00 price target on shares of Apollo Global Management in a research note on Tuesday, September 26th. JMP Securities reaffirmed an “outperform” rating and issued a $32.00 price target on shares of Apollo Global Management in a research note on Friday, August 4th. Oppenheimer Holdings, Inc. raised their price target on shares of Apollo Global Management from $31.00 to $33.00 and gave the stock an “outperform” rating in a research note on Friday, July 14th. Finally, UBS AG reaffirmed a “buy” rating and issued a $32.00 price target (up previously from $30.00) on shares of Apollo Global Management in a research note on Friday, August 4th. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $29.13.

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

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