Legal & General Group Plc lifted its holdings in Apollo Global Management LLC (NYSE:APO) by 9.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 555,402 shares of the financial services provider’s stock after buying an additional 46,706 shares during the quarter. Legal & General Group Plc owned approximately 0.29% of Apollo Global Management worth $16,720,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Tiger Global Management LLC lifted its position 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 purchasing an additional 9,550,313 shares during the last quarter. GMT Capital Corp lifted its position in Apollo Global Management by 224.2% in the 2nd quarter. GMT Capital Corp now owns 4,268,063 shares of the financial services provider’s stock valued at $112,421,000 after purchasing an additional 2,951,622 shares during the last quarter. JPMorgan Chase & Co. lifted its position in 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 during the last quarter. Capital World Investors lifted its position in Apollo Global Management by 16.5% in the 2nd quarter. Capital World Investors now owns 7,649,700 shares of the financial services provider’s stock valued at $202,335,000 after purchasing an additional 1,082,313 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Apollo Global Management by 4,894.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 746,881 shares of the financial services provider’s stock valued at $22,481,000 after purchasing an additional 731,928 shares during the last quarter. Institutional investors own 72.57% of the company’s stock.

Several analysts recently weighed in on APO shares. Jefferies Group reiterated a “buy” rating and issued a $34.00 price objective on shares of Apollo Global Management in a research report on Tuesday, September 26th. Citigroup lifted their price objective on shares of Apollo Global Management from $35.50 to $38.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Apollo Global Management from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Monday, November 6th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $35.00 price objective on shares of Apollo Global Management in a research report on Thursday, October 12th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $30.00 price objective (up from $28.00) on shares of Apollo Global Management in a research report on Thursday, October 5th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $33.38.

Apollo Global Management LLC (NYSE:APO) opened at $31.90 on Monday. The company has a market cap of $6,173.93, a PE ratio of 9.58, a price-to-earnings-growth ratio of 1.07 and a beta of 1.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.74 and a current ratio of 1.74. Apollo Global Management LLC has a 52 week low of $18.90 and a 52 week high of $33.37.

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

The business also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Tuesday, November 21st were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, November 20th. This represents a $1.56 annualized dividend and a yield of 4.89%. Apollo Global Management’s payout ratio is 50.98%.

In other Apollo Global Management news, major shareholder Tiger Global Management Llc acquired 43,714 shares of the stock in a transaction dated Tuesday, November 14th. The shares were bought at an average price of $29.18 per share, with a total value of $1,275,574.52. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.11% of the stock is currently owned by company insiders.

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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.

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

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