Northeast Financial Consultants Inc bought a new position in shares of Apollo Global Management LLC (NYSE:APO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,219 shares of the financial services provider’s stock, valued at approximately $353,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Centaurus Financial Inc. acquired a new stake in Apollo Global Management in the second quarter valued at approximately $139,000. Morgan Stanley grew its position in Apollo Global Management by 15.4% in the second quarter. Morgan Stanley now owns 5,536,056 shares of the financial services provider’s stock valued at $176,434,000 after acquiring an additional 737,410 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in Apollo Global Management by 18.0% in the third quarter. Oppenheimer & Co. Inc. now owns 103,821 shares of the financial services provider’s stock valued at $3,587,000 after acquiring an additional 15,841 shares in the last quarter. Raymond James & Associates grew its position in shares of Apollo Global Management by 11.4% during the second quarter. Raymond James & Associates now owns 102,319 shares of the financial services provider’s stock worth $3,261,000 after buying an additional 10,448 shares in the last quarter. Finally, Crabel Capital Management LLC acquired a new stake in shares of Apollo Global Management during the second quarter worth approximately $19,919,000. 71.75% of the stock is owned by hedge funds and other institutional investors.

Shares of APO opened at $27.53 on Monday. Apollo Global Management LLC has a 12-month low of $27.85 and a 12-month high of $37.35. The firm has a market cap of $5.67 billion, a P/E ratio of 7.71, a PEG ratio of 2.32 and a beta of 1.22. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Wednesday, October 31st. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.03). Apollo Global Management had a return on equity of 43.98% and a net margin of 19.45%. The firm had revenue of $497.16 million for the quarter, compared to the consensus estimate of $596.75 million. During the same quarter last year, the business earned $1.07 earnings per share. The business’s revenue for the quarter was down 28.3% compared to the same quarter last year. As a group, analysts predict that Apollo Global Management LLC will post 1.22 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Tuesday, November 20th will be paid a dividend of $0.46 per share. The ex-dividend date is Monday, November 19th. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a yield of 6.68%. Apollo Global Management’s dividend payout ratio (DPR) is 48.18%.

A number of analysts have recently weighed in on APO shares. ValuEngine downgraded shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. Oppenheimer reissued a “buy” rating on shares of Apollo Global Management in a research report on Thursday, August 2nd. Morgan Stanley set a $42.00 price target on shares of Apollo Global Management and gave the stock a “buy” rating in a research report on Tuesday, August 14th. Zacks Investment Research downgraded shares of Apollo Global Management from a “hold” rating to a “sell” rating in a research report on Tuesday, September 11th. Finally, Credit Suisse Group raised their price target on shares of Apollo Global Management from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, September 21st. Five equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Apollo Global Management currently has an average rating of “Buy” and an average target price of $38.38.

In other news, major shareholder Tiger Global Management Llc acquired 102,193 shares of Apollo Global Management stock in a transaction that occurred on Thursday, October 25th. The shares were purchased at an average cost of $28.46 per share, for a total transaction of $2,908,412.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased 1,955,117 shares of company stock worth $55,922,266 over the last 90 days. 4.11% of the stock is currently owned by company insiders.

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About Apollo Global Management

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 (NYSE:APO)

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