Wealthsource Partners LLC purchased a new stake in Apollo Global Management LLC (NYSE:APO) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 8,355 shares of the financial services provider’s stock, valued at approximately $251,000.

Several other large investors also recently added to or reduced their stakes in the stock. Tiger Global Management LLC boosted its position in shares of 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 period. Capital World Investors boosted its position in shares of 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 period. JPMorgan Chase & Co. boosted its position in shares of Apollo Global Management by 2.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,394,866 shares of the financial services provider’s stock valued at $163,950,000 after purchasing an additional 152,999 shares during the period. GMT Capital Corp boosted its position in shares of 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 period. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in shares of Apollo Global Management by 6.8% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 2,389,884 shares of the financial services provider’s stock valued at $71,936,000 after purchasing an additional 152,657 shares during the period. Institutional investors and hedge funds own 72.57% of the company’s stock.

A number of equities analysts recently weighed in on APO shares. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $35.00 price target on shares of Apollo Global Management in a research report on Thursday, October 12th. Zacks Investment Research upgraded Apollo Global Management from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research report on Tuesday, October 10th. Citigroup increased their price target on Apollo Global Management from $35.50 to $38.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Jefferies Group increased their price target on Apollo Global Management from $35.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Finally, Wells Fargo & Company restated an “outperform” rating and set a $39.00 price objective (up from $34.00) on shares of Apollo Global Management in a research report on Thursday, November 2nd. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $33.38.

Shares of Apollo Global Management LLC (NYSE APO) opened at $32.09 on Friday. The stock has a market capitalization of $6,226.18, a PE ratio of 9.66, a PEG ratio of 1.08 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 1-year low of $18.90 and a 1-year high of $33.37.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Tuesday, November 21st were issued a dividend of $0.39 per share. The ex-dividend date was Monday, November 20th. This represents a $1.56 annualized dividend and a dividend yield of 4.86%. Apollo Global Management’s dividend payout ratio is 50.98%.

In other news, major shareholder Tiger Global Management Llc purchased 43,714 shares of Apollo Global Management stock in a transaction dated Tuesday, November 14th. The stock was acquired at an average cost of $29.18 per share, for a total transaction 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 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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