Picton Mahoney Asset Management bought a new position in shares of Apollo Global Management, LLC (NYSE:APO) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 41,900 shares of the financial services provider’s stock, valued at approximately $1,109,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA boosted its position in Apollo Global Management by 4,656.1% in the second quarter. BNP Paribas Arbitrage SA now owns 65,491 shares of the financial services provider’s stock valued at $1,732,000 after buying an additional 64,114 shares during the last quarter. WESPAC Advisors LLC increased its holdings in Apollo Global Management by 74.2% in the 2nd quarter. WESPAC Advisors LLC now owns 50,939 shares of the financial services provider’s stock worth $1,347,000 after buying an additional 21,691 shares during the period. Oppenheimer & Co. Inc. increased its holdings in Apollo Global Management by 231.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 96,491 shares of the financial services provider’s stock worth $2,347,000 after buying an additional 67,388 shares during the period. Apriem Advisors acquired a new position in Apollo Global Management in the 2nd quarter worth approximately $733,000. Finally, Rothschild Investment Corp IL acquired a new position in Apollo Global Management in the 2nd quarter worth approximately $2,157,000. 73.58% of the stock is owned by hedge funds and other institutional investors.

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Several brokerages have commented on APO. Jefferies Group LLC restated a “buy” rating on shares of Apollo Global Management in a research note on Friday, June 30th. Oppenheimer Holdings, Inc. increased their price objective on shares of Apollo Global Management from $31.00 to $33.00 and gave the stock an “outperform” rating in a research note on Friday, July 14th. Goldman Sachs Group, Inc. (The) increased their price objective on shares of Apollo Global Management from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, June 7th. BidaskClub upgraded shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. Finally, JMP Securities reissued an “outperform” rating and set a $32.00 target price on shares of Apollo Global Management in a report on Friday, August 4th. Four research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Apollo Global Management currently has an average rating of “Buy” and an average price target of $29.13.

Apollo Global Management, LLC (APO) remained flat at $30.10 during midday trading on Monday. The stock had a trading volume of 58,768 shares. Apollo Global Management, LLC has a 12 month low of $17.38 and a 12 month high of $31.07. The company has a market cap of $5.84 billion, a P/E ratio of 11.79 and a beta of 1.20. The firm’s 50 day moving average price is $29.25 and its 200 day moving average price is $26.92.

Apollo Global Management (NYSE:APO) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.04). Apollo Global Management had a net margin of 21.79% and a return on equity of 59.61%. The firm had revenue of $432.87 million during the quarter, compared to analysts’ expectations of $455.29 million. During the same period in the previous year, the firm earned $0.98 EPS. The firm’s revenue was down 34.5% on a year-over-year basis. On average, equities analysts anticipate that Apollo Global Management, LLC will post $2.45 earnings per share for the current fiscal year.

In other Apollo Global Management news, Director Robert K. Kraft acquired 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were purchased at an average price of $28.88 per share, with a total value of $866,400.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 cost of $28.48 per share, for a total transaction of $7,224,578.56. The disclosure for this purchase can be found here. Insiders have purchased 1,399,918 shares of company stock valued at $39,210,819 over the last three months. 4.11% of the stock is currently owned by corporate insiders.

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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