Slow Capital Inc. raised its stake in Apollo Global Management LLC (NYSE:APO) by 23.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 65,205 shares of the financial services provider’s stock after purchasing an additional 12,285 shares during the quarter. Slow Capital Inc.’s holdings in Apollo Global Management were worth $1,600,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its stake in shares of Apollo Global Management by 482.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,683 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 3,051 shares during the period. Ancora Advisors LLC purchased a new position in shares of Apollo Global Management in the 3rd quarter valued at $156,000. Cerebellum GP LLC raised its stake in shares of Apollo Global Management by 1,214.8% in the 3rd quarter. Cerebellum GP LLC now owns 5,154 shares of the financial services provider’s stock valued at $178,000 after acquiring an additional 4,762 shares during the period. Alpine Global Management LLC purchased a new position in shares of Apollo Global Management in the 3rd quarter valued at $210,000. Finally, Parametrica Management Ltd purchased a new stake in Apollo Global Management during the 3rd quarter worth $219,000. Institutional investors own 74.16% of the company’s stock.
Several equities research analysts recently issued reports on APO shares. Morgan Stanley downgraded shares of Apollo Global Management from an “overweight” rating to an “equal weight” rating and set a $34.00 price target on the stock. in a research note on Wednesday, November 14th. Zacks Investment Research downgraded shares of Apollo Global Management from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 3rd. Oppenheimer set a $43.00 price target on shares of Apollo Global Management and gave the stock a “buy” rating in a research note on Tuesday, October 16th. Citigroup dropped 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 note on Thursday, November 1st. Finally, ValuEngine downgraded shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $38.38.
Apollo Global Management stock traded up $1.29 during midday trading on Thursday, hitting $28.97. 8,783 shares of the stock were exchanged, compared to its average volume of 816,736. Apollo Global Management LLC has a 1 year low of $22.63 and a 1 year high of $37.35. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 8.11, a price-to-earnings-growth ratio of 0.98 and a beta of 1.26. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.05 and a quick 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 firm had revenue of $497.16 million for the quarter, compared to analysts’ expectations of $596.75 million. During the same period last year, the firm earned $1.07 EPS. The business’s quarterly revenue was down 28.3% on a year-over-year basis. Analysts forecast that Apollo Global Management LLC will post 0.3 earnings per share for the current fiscal year.
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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