Capital Management Associates NY Sells 9,500 Shares of Apollo Global Management LLC (APO)

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Capital Management Associates NY cut its holdings in shares of Apollo Global Management LLC (NYSE:APO) by 50.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,500 shares of the financial services provider’s stock after selling 9,500 shares during the period. Capital Management Associates NY’s holdings in Apollo Global Management were worth $233,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Steward Partners Investment Advisory LLC raised its holdings in shares of Apollo Global Management by 19.9% during the third quarter. Steward Partners Investment Advisory LLC now owns 11,756 shares of the financial services provider’s stock valued at $406,000 after buying an additional 1,951 shares during the last quarter. Moody National Bank Trust Division raised its holdings in Apollo Global Management by 27.9% during the third quarter. Moody National Bank Trust Division now owns 24,315 shares of the financial services provider’s stock worth $841,000 after purchasing an additional 5,300 shares in the last quarter. Morse Asset Management Inc raised its holdings in Apollo Global Management by 139.9% during the third quarter. Morse Asset Management Inc now owns 78,280 shares of the financial services provider’s stock worth $2,705,000 after purchasing an additional 45,655 shares in the last quarter. Private Advisor Group LLC raised its holdings in Apollo Global Management by 101.7% during the third quarter. Private Advisor Group LLC now owns 16,065 shares of the financial services provider’s stock worth $555,000 after purchasing an additional 8,099 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Apollo Global Management by 18.4% during the third quarter. Wells Fargo & Company MN now owns 201,429 shares of the financial services provider’s stock worth $6,959,000 after purchasing an additional 31,271 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

In other Apollo Global Management news, major shareholder Tiger Global Management Llc purchased 100,000 shares of the firm’s stock in a transaction on Tuesday, December 4th. The shares were purchased at an average price of $26.67 per share, for a total transaction of $2,667,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Martin Kelly sold 9,800 shares of Apollo Global Management stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $29.66, for a total transaction of $290,668.00. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 2,023,800 shares of company stock worth $48,501,063. 4.11% of the stock is currently owned by company insiders.

Apollo Global Management stock opened at $29.82 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $5.90 billion, a price-to-earnings ratio of -142.00, a price-to-earnings-growth ratio of 1.08 and a beta of 1.42. Apollo Global Management LLC has a 1 year low of $22.63 and a 1 year high of $36.49.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Thursday, January 31st. The financial services provider reported ($1.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.72) by ($0.29). The business had revenue of ($114.89) million during the quarter. Apollo Global Management had a return on equity of 16.41% and a net margin of 19.45%. Sell-side analysts predict that Apollo Global Management LLC will post 2.7 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 28th. Shareholders of record on Thursday, February 21st were given a $0.56 dividend. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.46. The ex-dividend date was Wednesday, February 20th. This represents a $2.24 annualized dividend and a yield of 7.51%. Apollo Global Management’s payout ratio is -1,066.67%.

Several equities research analysts recently commented on APO shares. TheStreet cut Apollo Global Management from a “b” rating to a “c” rating in a report on Monday, February 4th. Zacks Investment Research cut Apollo Global Management from a “hold” rating to a “strong sell” rating in a report on Thursday, January 3rd. Morgan Stanley cut Apollo Global Management from an “overweight” rating to an “equal weight” rating and set a $34.00 target price on the stock. in a report on Wednesday, November 14th. Citigroup decreased their price target on shares of Apollo Global Management from $39.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, November 1st. Finally, Argus decreased their price target on shares of Apollo Global Management from $37.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, February 5th. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Apollo Global Management presently has a consensus rating of “Buy” and an average target price of $37.00.

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Apollo Global Management 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 (NYSE:APO)

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