Miller Value Partners LLC increased its stake in shares of Apollo Global Management LLC Class A (NYSE:APO) by 5.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 303,000 shares of the financial services provider’s stock after buying an additional 15,000 shares during the period. Miller Value Partners LLC owned 0.15% of Apollo Global Management LLC Class A worth $9,657,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in APO. SG Americas Securities LLC bought a new stake in Apollo Global Management LLC Class A in the 1st quarter valued at about $937,000. Neuberger Berman Group LLC boosted its holdings in Apollo Global Management LLC Class A by 1.5% in the 1st quarter. Neuberger Berman Group LLC now owns 179,140 shares of the financial services provider’s stock valued at $5,306,000 after purchasing an additional 2,620 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in Apollo Global Management LLC Class A by 28.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,877 shares of the financial services provider’s stock valued at $293,000 after purchasing an additional 2,180 shares during the period. Private Advisor Group LLC boosted its holdings in Apollo Global Management LLC Class A by 9.8% in the 1st quarter. Private Advisor Group LLC now owns 49,667 shares of the financial services provider’s stock valued at $1,463,000 after purchasing an additional 4,429 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Apollo Global Management LLC Class A by 29.2% in the 1st quarter. JPMorgan Chase & Co. now owns 6,270,356 shares of the financial services provider’s stock valued at $185,727,000 after purchasing an additional 1,415,957 shares during the period. 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 company’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $35.28, for a total transaction of $1,071,841.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Martin Kelly sold 11,500 shares of the company’s stock in a transaction that occurred on 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. Corporate insiders own 4.11% of the company’s stock.

NYSE APO opened at $34.40 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of 2.38 and a beta of 1.21. Apollo Global Management LLC Class A has a 12-month low of $28.00 and a 12-month high of $37.35.

Apollo Global Management LLC Class A (NYSE:APO) last issued its quarterly earnings results on Thursday, August 2nd. The financial services provider reported $0.27 earnings per share for the quarter, missing the Zacks’ 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 firm had revenue of $449.71 million for the quarter, compared to the consensus estimate of $608.66 million. During the same period last year, the company posted $0.46 EPS. research analysts forecast that Apollo Global Management LLC Class A will post 1.44 EPS for the current fiscal year.

The company also recently declared 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 represents a $1.72 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date was Thursday, August 16th. This is an increase from Apollo Global Management LLC Class A’s previous quarterly dividend of $0.38. Apollo Global Management LLC Class A’s dividend payout ratio is 48.18%.

A number of research firms have issued reports on APO. Oppenheimer boosted their price objective on shares of Apollo Global Management LLC Class A from $40.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, July 18th. Morgan Stanley boosted their price objective on shares of Apollo Global Management LLC Class A from $41.00 to $42.00 and gave the company an “overweight” rating in a report on Thursday, July 12th. ValuEngine raised shares of Apollo Global Management LLC Class A from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Finally, Zacks Investment Research downgraded shares of Apollo Global Management LLC Class A from a “hold” rating to a “sell” rating in a report on Tuesday, September 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. Apollo Global Management LLC Class A presently has a consensus rating of “Buy” and a consensus target price of $39.10.

About Apollo Global Management LLC Class A

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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