Apollo Global Management, LLC (NYSE:APO) Shares Sold by Stifel Financial Corp

Stifel Financial Corp reduced its stake in Apollo Global Management, LLC (NYSE:APO) by 66.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,550 shares of the financial services provider’s stock after selling 22,616 shares during the period. Stifel Financial Corp’s holdings in Apollo Global Management were worth $282,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new stake in shares of Apollo Global Management during the fourth quarter valued at approximately $4,256,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Apollo Global Management during the fourth quarter valued at approximately $215,000. Renaissance Technologies LLC acquired a new stake in shares of Apollo Global Management during the fourth quarter valued at approximately $297,000. Quadrature Capital Ltd acquired a new stake in shares of Apollo Global Management during the fourth quarter valued at approximately $448,000. Finally, High Point Bank & Trust Co. acquired a new stake in shares of Apollo Global Management during the fourth quarter valued at approximately $465,000. Institutional investors own 75.71% of the company’s stock.

Shares of Apollo Global Management, LLC (NYSE APO) traded down 1.14% during trading on Friday, reaching $27.74. The company had a trading volume of 767,021 shares. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 9.12 and a beta of 1.22. The company’s 50 day moving average is $27.25 and its 200-day moving average is $25.01. Apollo Global Management, LLC has a 1-year low of $16.84 and a 1-year high of $29.20.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Friday, April 28th. The financial services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.63 by $0.19. Apollo Global Management had a net margin of 23.30% and a return on equity of 72.89%. The company had revenue of $641.55 million for the quarter, compared to analyst estimates of $570.83 million. During the same period in the prior year, the company earned ($0.18) earnings per share. The firm’s revenue was up 431.0% on a year-over-year basis. On average, equities research analysts anticipate that Apollo Global Management, LLC will post $2.47 earnings per share for the current year.

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Several analysts have commented on the company. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $33.00 target price on shares of Apollo Global Management in a research note on Friday, July 14th. Oppenheimer Holdings, Inc. increased their target price on Apollo Global Management from $31.00 to $33.00 and gave the company an “outperform” rating in a research note on Friday, July 14th. Zacks Investment Research downgraded Apollo Global Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) increased their target price on Apollo Global Management from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, June 7th. Finally, Jefferies Group LLC increased their target price on Apollo Global Management from $29.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, May 2nd. Four research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $26.91.

In other Apollo Global Management news, major shareholder Tiger Global Management Llc purchased 295,500 shares of the stock in a transaction on Monday, May 1st. The shares were bought at an average cost of $26.73 per share, with a total value of $7,898,715.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Marc J. Rowan sold 1,061,297 shares of the company’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $26.58, for a total transaction of $28,209,274.26. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 3,994,985 shares of company stock worth $106,707,165 and sold 1,260,000 shares worth $33,537,989. 4.11% of the stock is currently owned by corporate insiders.

About Apollo Global Management

Apollo Global Management, LLC (Apollo) is an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company’s segments include private equity, credit and real estate.

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

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