Apollo Global Management, LLC (APO) Shares Sold by Hillsdale Investment Management Inc.
Hillsdale Investment Management Inc. trimmed its position in Apollo Global Management, LLC (NYSE:APO) by 31.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,570 shares of the financial services provider’s stock after selling 11,290 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Apollo Global Management were worth $649,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Global X Management Co. LLC bought a new stake in shares of Apollo Global Management in the 1st quarter valued at about $161,000. NEXT Financial Group Inc raised its holdings in shares of Apollo Global Management by 106.5% in the 2nd 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 period. Penserra Capital Management LLC raised its holdings in shares of 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 valued at $171,000 after purchasing an additional 589 shares during the period. Cowen Prime Services LLC raised its holdings in shares of Apollo Global Management by 400.0% in the 2nd quarter. Cowen Prime Services LLC now owns 7,500 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 6,000 shares during the period. Finally, Koshinski Asset Management Inc. bought a new stake in shares of Apollo Global Management in the 2nd quarter valued at about $202,000. 73.58% of the stock is currently owned by institutional investors.
Apollo Global Management, LLC (NYSE APO) opened at 30.10 on Friday. Apollo Global Management, LLC has a 52 week low of $17.38 and a 52 week high of $31.07. The company has a 50-day moving average of $29.25 and a 200-day moving average of $26.92. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 11.79 and a beta of 1.22.
Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.04). The company had revenue of $432.87 million during the quarter, compared to the consensus estimate of $455.29 million. Apollo Global Management had a return on equity of 59.61% and a net margin of 21.79%. The business’s revenue was down 34.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.98 EPS. Equities research analysts forecast that Apollo Global Management, LLC will post $2.45 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 22nd were given a $0.52 dividend. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.49. The ex-dividend date was Friday, August 18th. This represents a $2.08 annualized dividend and a yield of 6.91%. Apollo Global Management’s payout ratio is currently 81.25%.
A number of equities research analysts have recently issued reports on APO shares. Jefferies Group LLC reaffirmed a “buy” rating on shares of Apollo Global Management in a report on Thursday, August 3rd. UBS AG reaffirmed a “buy” rating and issued a $32.00 target price (up from $30.00) on shares of Apollo Global Management in a report on Friday, August 4th. Zacks Investment Research raised shares of Apollo Global Management from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Monday, July 3rd. BidaskClub cut shares of Apollo Global Management from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) upped their target price on shares of Apollo Global Management from $30.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, June 7th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Apollo Global Management presently has a consensus rating of “Buy” and a consensus price target of $29.13.
In other Apollo Global Management news, major shareholder Tiger Global Management Llc purchased 100,916 shares of the stock in a transaction dated Wednesday, July 19th. The shares were bought at an average price of $27.36 per share, with a total value of $2,761,061.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director A B. Krongard purchased 1,000 shares of the stock in a transaction dated Monday, August 28th. The stock was acquired at an average cost of $29.28 per share, for a total transaction of $29,280.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 1,399,918 shares of company stock worth $39,210,819. Insiders own 4.11% of the company’s stock.
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.
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