Apollo Global Management LLC (NYSE:APO) Holdings Lifted by Williams Jones & Associates LLC
Williams Jones & Associates LLC boosted its stake in shares of Apollo Global Management LLC (NYSE:APO) by 12.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,250 shares of the financial services provider’s stock after acquiring an additional 1,250 shares during the quarter. Williams Jones & Associates LLC’s holdings in Apollo Global Management were worth $318,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. PM CAPITAL Ltd increased its stake in shares of Apollo Global Management by 15.1% in the first quarter. PM CAPITAL Ltd now owns 1,411,922 shares of the financial services provider’s stock valued at $39,886,000 after buying an additional 185,000 shares in the last quarter. Partners Group Holding AG increased its position in Apollo Global Management by 14.3% in the fourth quarter. Partners Group Holding AG now owns 294,551 shares of the financial services provider’s stock worth $7,228,000 after purchasing an additional 36,809 shares during the period. Clear Harbor Asset Management LLC acquired a new stake in Apollo Global Management in the first quarter worth about $210,000. Rehmann Capital Advisory Group acquired a new stake in Apollo Global Management in the fourth quarter worth about $434,000. Finally, Two Sigma Investments LP increased its position in Apollo Global Management by 4.6% in the fourth quarter. Two Sigma Investments LP now owns 39,287 shares of the financial services provider’s stock worth $964,000 after purchasing an additional 1,733 shares during the period. Hedge funds and other institutional investors own 73.43% of the company’s stock.
In related news, Director A B. Krongard bought 1,790 shares of Apollo Global Management stock in a transaction on Tuesday, May 7th. The shares were purchased at an average price of $32.41 per share, for a total transaction of $58,013.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.11% of the stock is currently owned by company insiders.
Apollo Global Management (NYSE:APO) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.11). Apollo Global Management had a return on equity of 30.53% and a net margin of 19.45%. The company had revenue of $677.78 million for the quarter, compared to the consensus estimate of $695.30 million. During the same quarter last year, the business posted ($0.30) EPS. Apollo Global Management’s quarterly revenue was up 306.1% on a year-over-year basis. As a group, equities analysts forecast that Apollo Global Management LLC will post 2.41 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Tuesday, May 21st were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date was Monday, May 20th. Apollo Global Management’s dividend payout ratio (DPR) is currently -876.19%.
A number of brokerages recently commented on APO. Zacks Investment Research lowered Apollo Global Management from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. ValuEngine upgraded Apollo Global Management from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. TheStreet upgraded Apollo Global Management from a “c” rating to an “a-” rating in a research report on Friday, May 3rd. JMP Securities lifted their price objective on Apollo Global Management from $36.00 to $40.00 and gave the stock a “market outperform” rating in a research report on Friday, June 7th. Finally, Credit Suisse Group upgraded Apollo Global Management from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $39.00 to $42.00 in a research report on Tuesday, May 21st. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $38.29.
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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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