BBR Partners LLC acquired a new position in shares of Apollo Global Management LLC (NYSE:APO) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,008 shares of the financial services provider’s stock, valued at approximately $283,000.

Other large investors also recently modified their holdings of the company. Ellis Investment Partners LLC bought a new stake in Apollo Global Management during the 1st quarter worth about $60,000. Proffitt & Goodson Inc. bought a new stake in Apollo Global Management during the 1st quarter worth about $119,000. Stelac Advisory Services LLC grew its holdings in Apollo Global Management by 5.6% during the 4th quarter. Stelac Advisory Services LLC now owns 6,605 shares of the financial services provider’s stock worth $162,000 after acquiring an additional 352 shares during the last quarter. Wiley BROS. Aintree Capital LLC bought a new stake in Apollo Global Management during the 1st quarter worth about $206,000. Finally, First Midwest Bank Trust Division bought a new stake in Apollo Global Management during the 1st quarter worth about $207,000. 73.43% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management stock opened at $29.92 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.46 and a current ratio of 1.46. Apollo Global Management LLC has a 1 year low of $22.63 and a 1 year high of $36.49. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of -142.48, a price-to-earnings-growth ratio of 0.70 and a beta of 1.47.

Apollo Global Management (NYSE:APO) last released its earnings results on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.11). Apollo Global Management had a net margin of 19.45% and a return on equity of 30.53%. The business had revenue of $677.78 million for the quarter, compared to analyst estimates of $695.30 million. During the same quarter in the previous year, the company posted ($0.30) earnings per share. The business’s revenue for the quarter was up 306.1% on a year-over-year basis. On average, analysts forecast that Apollo Global Management LLC will post 2.41 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Tuesday, May 21st were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, May 20th. This represents a $1.84 dividend on an annualized basis and a yield of 6.15%. Apollo Global Management’s payout ratio is presently -876.19%.

In other Apollo Global Management news, Director A B. Krongard bought 1,790 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were bought at an average cost of $32.41 per share, for a total transaction of $58,013.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 4.11% of the company’s stock.

A number of equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Apollo Global Management from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. TheStreet lowered shares of Apollo Global Management from a “b” rating to a “c” rating in a report on Monday, February 4th. ValuEngine raised shares of Apollo Global Management from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Argus decreased their price objective on shares of Apollo Global Management from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, February 5th. Finally, Credit Suisse Group raised shares of Apollo Global Management from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $39.00 to $42.00 in a report on Tuesday, May 21st. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $38.00.

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

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