Robeco Institutional Asset Management B.V. lowered its stake in Apollo Global Management, LLC (NYSE:APO) by 19.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 350,000 shares of the financial services provider’s stock after selling 85,000 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.18% of Apollo Global Management worth $9,258,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Ameriprise Financial Inc. bought a new stake in Apollo Global Management during the first quarter valued at approximately $234,000. Wade G W & Inc. acquired a new position in Apollo Global Management during the first quarter worth about $421,000. Wedbush Securities Inc. acquired a new position in Apollo Global Management during the first quarter worth about $214,000. TCI Wealth Advisors Inc. increased its position in Apollo Global Management by 38.4% in the first quarter. TCI Wealth Advisors Inc. now owns 5,770 shares of the financial services provider’s stock worth $140,000 after buying an additional 1,601 shares in the last quarter. Finally, Morse Asset Management Inc acquired a new position in Apollo Global Management during the first quarter worth about $1,061,000. Institutional investors and hedge funds own 73.60% of the company’s stock.

Shares of Apollo Global Management, LLC (NYSE:APO) opened at 29.39 on Thursday. The firm has a market capitalization of $5.70 billion, a price-to-earnings ratio of 11.51 and a beta of 1.22. Apollo Global Management, LLC has a 12-month low of $17.38 and a 12-month high of $30.75. The firm’s 50-day moving average is $28.48 and its 200-day moving average is $26.12.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.46 EPS for the quarter, missing the 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 company had revenue of $432.87 million for the quarter, compared to analyst estimates of $455.29 million. During the same quarter last year, the business earned $0.98 EPS. The company’s revenue for the quarter was down 34.5% on a year-over-year basis. Equities research analysts forecast that Apollo Global Management, LLC will post $2.45 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 22nd will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 7.08%. The ex-dividend date is Friday, August 18th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.49. Apollo Global Management’s dividend payout ratio (DPR) is 81.25%.

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APO has been the subject of a number of research reports. Jefferies Group LLC restated a “buy” rating on shares of Apollo Global Management in a research report on Thursday, August 3rd. UBS AG restated a “buy” rating and set a $32.00 target price (up from $30.00) on shares of Apollo Global Management in a research report on Friday, August 4th. Zacks Investment Research upgraded shares of Apollo Global Management from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Monday, July 3rd. BidaskClub downgraded shares of Apollo Global Management from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) upped 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 report on Wednesday, June 7th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $28.90.

In other news, Director Robert K. Kraft bought 30,000 shares of Apollo Global Management stock in a transaction that occurred on Thursday, August 3rd. The stock was purchased at an average cost of $28.88 per share, with a total value of $866,400.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Tiger Global Management Llc bought 100,916 shares of Apollo Global Management stock in a transaction that occurred on Wednesday, July 19th. The stock was purchased at an average cost of $27.36 per share, with a total value of $2,761,061.76. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 1,146,246 shares of company stock worth $31,986,240. Corporate insiders own 4.11% of the company’s stock.

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.

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

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