Natixis acquired a new stake in Apollo Global Management LLC Class A (NYSE:APO) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,370,800 shares of the financial services provider’s stock, valued at approximately $75,557,000. Natixis owned about 1.18% of Apollo Global Management LLC Class A at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Squar Milner Financial Services LLC bought a new position in Apollo Global Management LLC Class A in the 2nd quarter worth $112,000. CENTRAL TRUST Co bought a new position in Apollo Global Management LLC Class A in the 2nd quarter worth $119,000. Wedbush Securities Inc. bought a new position in Apollo Global Management LLC Class A in the 2nd quarter worth $241,000. Granite Springs Asset Management LLC bought a new position in Apollo Global Management LLC Class A in the 1st quarter worth $253,000. Finally, Navellier & Associates Inc bought a new position in Apollo Global Management LLC Class A in the 1st quarter worth $277,000. 73.71% of the stock is owned by institutional investors and hedge funds.

In other news, insider Joshua Harris sold 30,381 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $35.28, for a total transaction of $1,071,841.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 11,500 shares of the business’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $35.66, for a total transaction of $410,090.00. The disclosure for this sale can be found here. Insiders own 4.11% of the company’s stock.

Shares of NYSE:APO traded down $0.17 on Friday, hitting $33.82. 567 shares of the company were exchanged, compared to its average volume of 370,767. Apollo Global Management LLC Class A has a one year low of $28.00 and a one year high of $37.35. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market cap of $6.93 billion, a price-to-earnings ratio of 9.46, a PEG ratio of 2.41 and a beta of 1.21.

Apollo Global Management LLC Class A (NYSE:APO) last posted its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.27). Apollo Global Management LLC Class A had a return on equity of 48.19% and a net margin of 19.59%. The company had revenue of $449.71 million for the quarter, compared to the consensus estimate of $608.66 million. During the same quarter in the previous year, the firm posted $0.46 EPS. equities analysts predict that Apollo Global Management LLC Class A will post 1.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Friday, August 17th were issued a dividend of $0.43 per share. This is an increase from Apollo Global Management LLC Class A’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, August 16th. This represents a $1.72 annualized dividend and a dividend yield of 5.09%. Apollo Global Management LLC Class A’s payout ratio is presently 48.18%.

APO has been the topic of several recent analyst reports. Oppenheimer lifted their target price on shares of Apollo Global Management LLC Class A from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, July 18th. Morgan Stanley set a $42.00 target price on shares of Apollo Global Management LLC Class A and gave the stock a “buy” rating in a report on Tuesday, August 14th. Zacks Investment Research upgraded shares of Apollo Global Management LLC Class A from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 15th. Finally, ValuEngine upgraded shares of Apollo Global Management LLC Class A from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $39.10.

Apollo Global Management LLC Class A Profile

Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients.

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

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