Deltec Asset Management LLC bought a new stake in Apollo Global Management LLC (NYSE:APO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,000 shares of the financial services provider’s stock, valued at approximately $345,000.

Other hedge funds have also recently bought and sold shares of the company. Squar Milner Financial Services LLC acquired a new stake in shares of Apollo Global Management during the 2nd quarter valued at approximately $112,000. Tower Research Capital LLC TRC grew its stake in Apollo Global Management by 482.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,683 shares of the financial services provider’s stock worth $117,000 after buying an additional 3,051 shares during the last quarter. CENTRAL TRUST Co bought a new position in Apollo Global Management during the 2nd quarter worth $119,000. Centaurus Financial Inc. bought a new position in Apollo Global Management during the 2nd quarter worth $139,000. Finally, Cerebellum GP LLC grew its stake in Apollo Global Management by 1,214.8% during the 3rd quarter. Cerebellum GP LLC now owns 5,154 shares of the financial services provider’s stock worth $178,000 after buying an additional 4,762 shares during the last quarter. 73.81% of the stock is currently owned by institutional investors and hedge funds.

In other Apollo Global Management news, major shareholder Tiger Global Management Llc purchased 102,193 shares of the firm’s stock in a transaction dated Thursday, October 25th. The stock was bought at an average price of $28.46 per share, with a total value of $2,908,412.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.11% of the company’s stock.

APO has been the subject of a number of recent research reports. Oppenheimer upped their price objective on Apollo Global Management from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, July 18th. Morgan Stanley set a $42.00 price objective on Apollo Global Management and gave the stock a “buy” rating in a research note on Tuesday, August 14th. ValuEngine upgraded Apollo Global Management from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Citigroup lowered their price objective on Apollo Global Management from $41.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, October 25th. Finally, Goldman Sachs Group upgraded Apollo Global Management from a “buy” rating to a “conviction-buy” rating in a research note on Monday, October 1st. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $39.38.

Shares of NYSE:APO traded down $1.17 on Friday, hitting $30.59. The company’s stock had a trading volume of 603,717 shares, compared to its average volume of 1,281,141. Apollo Global Management LLC has a 12 month low of $28.00 and a 12 month high of $37.35. The stock has a market cap of $6.40 billion, a price-to-earnings ratio of 8.57, a PEG ratio of 2.35 and a beta of 1.22. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.05.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results 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 business had revenue of $497.16 million during the quarter, compared to the consensus estimate of $596.75 million. During the same period in the previous year, the company posted $1.07 EPS. The company’s revenue for the quarter was down 28.3% compared to the same quarter last year. On average, equities research analysts predict that Apollo Global Management LLC will post 1.35 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Tuesday, November 20th will be paid a $0.46 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, November 19th. This represents a $1.84 annualized dividend and a dividend yield of 6.02%. Apollo Global Management’s dividend payout ratio is presently 48.18%.

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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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