GSA Capital Partners LLP Sells 125,402 Shares of Apollo Global Management, LLC (APO)

GSA Capital Partners LLP lowered its position in Apollo Global Management, LLC (NYSE:APO) by 51.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,122 shares of the financial services provider’s stock after selling 125,402 shares during the quarter. GSA Capital Partners LLP owned approximately 0.06% of Apollo Global Management worth $3,177,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of APO. Global X Management Co. LLC purchased a new position in Apollo Global Management in the first quarter valued at about $161,000. NEXT Financial Group Inc grew its stake in Apollo Global Management by 106.5% in the second quarter. NEXT Financial Group Inc now owns 6,400 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 3,300 shares in the last quarter. Penserra Capital Management LLC grew its stake in Apollo Global Management by 10.0% in the second quarter. Penserra Capital Management LLC now owns 6,479 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 589 shares in the last quarter. Cowen Prime Services LLC grew its stake in Apollo Global Management by 400.0% in the second quarter. Cowen Prime Services LLC now owns 7,500 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Koshinski Asset Management Inc. purchased a new position in Apollo Global Management in the second quarter valued at about $202,000. Hedge funds and other institutional investors own 73.58% of the company’s stock.

Apollo Global Management, LLC (NYSE:APO) traded down 0.50% during trading on Wednesday, hitting $29.85. The company had a trading volume of 83,757 shares. The stock has a market capitalization of $5.79 billion, a PE ratio of 11.69 and a beta of 1.22. The stock has a 50-day moving average of $29.25 and a 200-day moving average of $26.92. Apollo Global Management, LLC has a one year low of $17.38 and a one year high of $30.75.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.04). The company had revenue of $432.87 million for the quarter, compared to analyst estimates of $455.29 million. Apollo Global Management had a return on equity of 59.61% and a net margin of 21.79%. The company’s revenue was down 34.5% on a year-over-year basis. During the same quarter last year, the business earned $0.98 earnings per share. On average, equities analysts anticipate that Apollo Global Management, LLC will post $2.45 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 22nd were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, August 18th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.49. This represents a $2.08 annualized dividend and a yield of 6.93%. Apollo Global Management’s dividend payout ratio (DPR) is 81.25%.

In related news, major shareholder Tiger Global Management Llc acquired 100,916 shares of the business’s stock in a transaction on Wednesday, July 19th. The stock was purchased at an average cost of $27.36 per share, for a total transaction of $2,761,061.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director A B. Krongard acquired 1,000 shares of the business’s stock in a transaction on Monday, August 28th. The shares were bought at an average price of $29.28 per share, with a total value of $29,280.00. The disclosure for this purchase can be found here. Insiders have acquired 1,399,918 shares of company stock valued at $39,210,819 over the last 90 days. Company insiders own 4.11% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be accessed at https://www.chaffeybreeze.com/2017/09/20/gsa-capital-partners-llp-sells-125402-shares-of-apollo-global-management-llc-apo.html.

A number of research analysts have commented on the company. Morgan Stanley boosted their target price on Apollo Global Management from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 8th. JMP Securities reaffirmed an “outperform” rating and issued a $32.00 price target on shares of Apollo Global Management in a research report on Friday, August 4th. UBS AG reaffirmed a “buy” rating and issued a $32.00 price target (up previously from $30.00) on shares of Apollo Global Management in a research report on Friday, August 4th. Deutsche Bank AG boosted their price target on Apollo Global Management from $27.00 to $30.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of Apollo Global Management in a research report on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $28.90.

Apollo Global Management Company Profile

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.

Want to see what other hedge funds are holding APO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Global Management, LLC (NYSE:APO).

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

Receive News & Ratings for Apollo Global Management LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Global Management LLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply