California Public Employees Retirement System raised its holdings in Apollo Global Management, LLC (NYSE:APO) by 0.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,612,901 shares of the financial services provider’s stock after buying an additional 23,100 shares during the period. Apollo Global Management makes up approximately 0.8% of California Public Employees Retirement System’s portfolio, making the stock its 19th largest position. California Public Employees Retirement System owned 9.24% of Apollo Global Management worth $476,011,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. FMR LLC raised its holdings in shares of Apollo Global Management by 2.8% in the 1st quarter. FMR LLC now owns 8,216,804 shares of the financial services provider’s stock valued at $199,833,000 after purchasing an additional 223,452 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Apollo Global Management by 48.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,241,867 shares of the financial services provider’s stock valued at $138,648,000 after purchasing an additional 1,707,154 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Apollo Global Management by 66.0% in the 1st quarter. Bank of America Corp DE now owns 4,612,397 shares of the financial services provider’s stock valued at $112,173,000 after purchasing an additional 1,833,690 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Apollo Global Management by 29.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,070,745 shares of the financial services provider’s stock valued at $74,681,000 after purchasing an additional 707,416 shares in the last quarter. Finally, Beck Mack & Oliver LLC raised its holdings in shares of Apollo Global Management by 2.0% in the 2nd quarter. Beck Mack & Oliver LLC now owns 3,056,035 shares of the financial services provider’s stock valued at $80,832,000 after purchasing an additional 60,473 shares in the last quarter. 73.58% of the stock is owned by institutional investors.

In other news, major shareholder Tiger Global Management Llc acquired 253,672 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were acquired at an average price of $28.48 per share, with a total value of $7,224,578.56. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert K. Kraft acquired 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was purchased at an average cost of $28.88 per share, for a total transaction of $866,400.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 1,399,918 shares of company stock worth $39,210,819. Insiders own 4.11% of the company’s stock.

A number of brokerages have recently weighed in on APO. Morgan Stanley raised their price objective on shares of 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 price objective on shares of Apollo Global Management in a report on Friday, August 4th. UBS AG restated a “buy” rating and issued a $32.00 price objective (up from $30.00) on shares of Apollo Global Management in a report on Friday, August 4th. Jefferies Group LLC restated a “buy” rating on shares of Apollo Global Management in a report on Thursday, August 3rd. Finally, Deutsche Bank AG raised their price objective on shares of Apollo Global Management from $27.00 to $30.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Four 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 stock presently has a consensus rating of “Buy” and an average price target of $28.90.

Shares of Apollo Global Management, LLC (NYSE APO) traded up 0.436% during midday trading on Thursday, reaching $30.211. 90,817 shares of the company traded hands. Apollo Global Management, LLC has a 12 month low of $17.38 and a 12 month high of $30.75. The firm has a market capitalization of $5.86 billion, a P/E ratio of 11.834 and a beta of 1.22. The company has a 50 day moving average of $29.25 and a 200 day moving average of $26.92.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.46 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $455.29 million. During the same quarter in the previous year, the business posted $0.98 earnings per share. The company’s quarterly revenue was down 34.5% compared to the same quarter last year. On average, equities research analysts predict that Apollo Global Management, LLC will post $2.45 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 22nd were given a $0.52 dividend. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.49. This represents a $2.08 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date of this dividend was Friday, August 18th. Apollo Global Management’s dividend payout ratio (DPR) is presently 81.25%.

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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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