OppenheimerFunds Inc. Has $15.14 Million Stake in Apollo Global Management LLC (NYSE:APO)

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OppenheimerFunds Inc. lowered its position in shares of Apollo Global Management LLC (NYSE:APO) by 6.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 536,018 shares of the financial services provider’s stock after selling 35,000 shares during the period. OppenheimerFunds Inc.’s holdings in Apollo Global Management were worth $15,143,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ellis Investment Partners LLC bought a new stake in shares of Apollo Global Management in the first quarter worth $60,000. Proffitt & Goodson Inc. bought a new stake in shares of Apollo Global Management in the first quarter worth $119,000. Stelac Advisory Services LLC increased its stake in shares of Apollo Global Management by 5.6% in the fourth quarter. Stelac Advisory Services LLC now owns 6,605 shares of the financial services provider’s stock worth $162,000 after buying an additional 352 shares during the last quarter. Wiley BROS. Aintree Capital LLC bought a new stake in shares of Apollo Global Management in the first quarter worth $206,000. Finally, First Midwest Bank Trust Division bought a new stake in shares of Apollo Global Management in the first quarter worth $207,000. Institutional investors own 73.43% of the company’s stock.

In other Apollo Global Management news, Director A B. Krongard bought 1,790 shares of the stock in a transaction on Tuesday, May 7th. The stock was purchased at an average price of $32.41 per share, for a total transaction of $58,013.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.11% of the stock is owned by insiders.

A number of analysts recently issued reports on APO shares. TheStreet upgraded shares of Apollo Global Management from a “c” rating to an “a-” rating in a research note on Friday, May 3rd. Credit Suisse Group upgraded shares of Apollo Global Management from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $39.00 to $42.00 in a research note on Tuesday, May 21st. ValuEngine upgraded shares of Apollo Global Management from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Zacks Investment Research upgraded shares of Apollo Global Management from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Tuesday, April 23rd. Finally, JMP Securities boosted their target price on shares of Apollo Global Management from $36.00 to $40.00 and gave the company a “market outperform” rating in a research note on Friday, June 7th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $38.29.

APO stock opened at $33.36 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.46 and a quick ratio of 1.46. Apollo Global Management LLC has a 1-year low of $22.63 and a 1-year high of $36.49. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of 58.53, a price-to-earnings-growth ratio of 0.80 and a beta of 1.48.

Apollo Global Management (NYSE:APO) last released its earnings results on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.11). Apollo Global Management had a net margin of 19.45% and a return on equity of 30.53%. The business had revenue of $677.78 million for the quarter, compared to the consensus estimate of $695.30 million. During the same quarter in the previous year, the firm earned ($0.30) EPS. The firm’s revenue for the quarter was up 306.1% on a year-over-year basis. Equities research analysts predict that Apollo Global Management LLC will post 2.41 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Tuesday, May 21st were paid a dividend of $0.46 per share. The ex-dividend date was Monday, May 20th. This represents a $1.84 annualized dividend and a yield of 5.52%. Apollo Global Management’s payout ratio is -876.19%.

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Apollo Global Management Company 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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