BNP Paribas Arbitrage SA boosted its holdings in Apollo Global Management, LLC (NYSE:APO) by 110.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 137,767 shares of the financial services provider’s stock after acquiring an additional 72,276 shares during the period. BNP Paribas Arbitrage SA owned 0.07% of Apollo Global Management worth $4,147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Tiger Global Management LLC grew its stake in Apollo Global Management by 40.9% in the 2nd quarter. Tiger Global Management LLC now owns 32,885,212 shares of the financial services provider’s stock valued at $869,814,000 after acquiring an additional 9,550,313 shares during the last quarter. Capital World Investors boosted its stake in shares of Apollo Global Management by 16.5% during the 2nd quarter. Capital World Investors now owns 7,649,700 shares of the financial services provider’s stock worth $202,335,000 after purchasing an additional 1,082,313 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Apollo Global Management by 48.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,241,867 shares of the financial services provider’s stock worth $138,648,000 after purchasing an additional 1,707,154 shares during the last quarter. GMT Capital Corp boosted its stake in shares of Apollo Global Management by 224.2% during the 2nd quarter. GMT Capital Corp now owns 4,268,063 shares of the financial services provider’s stock worth $112,421,000 after purchasing an additional 2,951,622 shares during the last quarter. Finally, Beck Mack & Oliver LLC boosted its stake in shares of Apollo Global Management by 2.0% during the 2nd quarter. Beck Mack & Oliver LLC now owns 3,056,035 shares of the financial services provider’s stock worth $80,832,000 after purchasing an additional 60,473 shares during the last quarter. 71.94% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on the stock. BidaskClub raised shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. UBS AG reaffirmed a “buy” rating and set a $32.00 price target (up from $30.00) on shares of Apollo Global Management in a research note on Friday, August 4th. Deutsche Bank AG raised their price target on shares of Apollo Global Management from $27.00 to $30.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Credit Suisse Group raised their price target on shares of Apollo Global Management from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, November 2nd. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $30.00 price target (up from $28.00) on shares of Apollo Global Management in a research note on Thursday, October 5th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $33.38.

Apollo Global Management, LLC (NYSE:APO) opened at $29.28 on Monday. The firm has a market cap of $5,670.00, a PE ratio of 8.79, a PEG ratio of 0.98 and a beta of 1.23. Apollo Global Management, LLC has a 1-year low of $18.90 and a 1-year high of $33.37. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.58.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.51. The business had revenue of $645.20 million for the quarter, compared to analyst estimates of $467.72 million. Apollo Global Management had a net margin of 24.82% and a return on equity of 64.11%. The company’s revenue was up 31.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 EPS. research analysts anticipate that Apollo Global Management, LLC will post 2.98 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Tuesday, November 21st will be issued a $0.39 dividend. The ex-dividend date is Monday, November 20th. This represents a $1.56 annualized dividend and a yield of 5.33%. Apollo Global Management’s payout ratio is 68.42%.

In other Apollo Global Management news, major shareholder Tiger Global Management Llc purchased 43,714 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average price of $29.18 per share, for a total transaction of $1,275,574.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A B. Krongard purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was 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 purchased 298,386 shares of company stock worth $8,529,433 in the last 90 days. 4.11% of the stock is currently owned by insiders.

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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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