Advisor Group Inc. increased its position in shares of Apollo Global Management, LLC (NYSE:APO) by 7.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,012 shares of the financial services provider’s stock after purchasing an additional 1,917 shares during the quarter. Advisor Group Inc.’s holdings in Apollo Global Management were worth $741,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in APO. Global X Management Co. LLC acquired a new position in Apollo Global Management during the first quarter valued at $161,000. NEXT Financial Group Inc boosted its holdings in Apollo Global Management by 106.5% in the second quarter. NEXT Financial Group Inc now owns 6,400 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 3,300 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in Apollo Global Management by 10.0% in the second quarter. Penserra Capital Management LLC now owns 6,479 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 589 shares during the last quarter. Cowen Prime Services LLC grew its position in Apollo Global Management by 400.0% during the 2nd quarter. Cowen Prime Services LLC now owns 7,500 shares of the financial services provider’s stock worth $198,000 after purchasing an additional 6,000 shares during the period. Finally, Koshinski Asset Management Inc. acquired a new stake in Apollo Global Management during the 2nd quarter worth about $202,000. 73.58% of the stock is owned by hedge funds and other institutional investors.

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In related news, major shareholder Tiger Global Management Llc bought 100,916 shares of the company’s stock in a transaction on Wednesday, July 19th. The stock was bought at an average cost of $27.36 per share, with a total value of $2,761,061.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert K. Kraft bought 30,000 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was bought at an average cost of $28.88 per share, with a total value of $866,400.00. The disclosure for this purchase can be found here. Insiders acquired 1,399,918 shares of company stock valued at $39,210,819 in the last quarter. 4.11% of the stock is currently owned by company insiders.

Apollo Global Management, LLC (NYSE:APO) opened at 30.04 on Wednesday. The firm has a market capitalization of $5.83 billion, a P/E ratio of 11.77 and a beta of 1.20. Apollo Global Management, LLC has a 52 week low of $17.38 and a 52 week high of $31.69. The stock’s 50 day moving average price is $29.54 and its 200 day moving average price is $27.45.

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

A number of equities analysts have weighed in on APO shares. Jefferies Group LLC reiterated a “buy” rating and set a $34.00 price objective on shares of Apollo Global Management in a research note on Tuesday, September 26th. Morgan Stanley boosted their price objective on Apollo Global Management from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Tuesday, August 8th. JMP Securities restated an “outperform” rating and issued a $32.00 target price on shares of Apollo Global Management in a research note on Friday, August 4th. UBS AG restated a “buy” rating and issued a $32.00 target price (up previously from $30.00) on shares of Apollo Global Management in a research note on Friday, August 4th. Finally, Deutsche Bank AG raised their target price on Apollo Global Management from $27.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Four equities 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 company. The company currently has a consensus rating of “Buy” and an average target price of $29.13.

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.

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

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