Gabelli Funds LLC Purchases New Shares in Apollo Global Management LLC (NYSE:APO)

Gabelli Funds LLC purchased a new stake in Apollo Global Management LLC (NYSE:APO) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 41,000 shares of the financial services provider’s stock, valued at approximately $1,551,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Rothschild Investment Corp IL boosted its stake in Apollo Global Management by 0.5% in the 2nd quarter. Rothschild Investment Corp IL now owns 80,577 shares of the financial services provider’s stock valued at $2,764,000 after purchasing an additional 400 shares during the period. Stelac Advisory Services LLC boosted its stake in Apollo Global Management by 3.9% in the 3rd quarter. Stelac Advisory Services LLC now owns 11,423 shares of the financial services provider’s stock valued at $432,000 after purchasing an additional 430 shares during the period. Heritage Wealth Advisors boosted its stake in Apollo Global Management by 100.0% in the 3rd quarter. Heritage Wealth Advisors now owns 1,000 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 500 shares during the period. Private Advisor Group LLC lifted its position in shares of Apollo Global Management by 4.5% during the 2nd quarter. Private Advisor Group LLC now owns 13,058 shares of the financial services provider’s stock valued at $422,000 after acquiring an additional 560 shares during the period. Finally, MBM Wealth Consultants LLC lifted its position in shares of Apollo Global Management by 6.2% during the 2nd quarter. MBM Wealth Consultants LLC now owns 11,108 shares of the financial services provider’s stock valued at $381,000 after acquiring an additional 648 shares during the period. Institutional investors and hedge funds own 72.93% of the company’s stock.

Shares of NYSE:APO traded down $0.30 during trading on Friday, reaching $42.27. 2,213,660 shares of the company traded hands, compared to its average volume of 1,571,708. The company’s 50 day moving average is $40.08 and its two-hundred day moving average is $35.76. The firm has a market capitalization of $8.78 billion, a PE ratio of -201.29, a PEG ratio of 1.33 and a beta of 1.51. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.24. Apollo Global Management LLC has a 52 week low of $22.63 and a 52 week high of $44.18.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.03). The company had revenue of $401.38 million during the quarter, compared to analyst estimates of $404.24 million. During the same period in the prior year, the company posted $0.83 EPS. As a group, research analysts anticipate that Apollo Global Management LLC will post 2.33 EPS for the current year.

In related news, CFO Martin Kelly sold 4,000 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $39.96, for a total transaction of $159,840.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 46.90% of the stock is owned by corporate insiders.

A number of analysts have recently weighed in on APO shares. BMO Capital Markets started coverage on Apollo Global Management in a research report on Monday, October 7th. They set an “outperform” rating and a $52.00 target price for the company. UBS Group upped their target price on Apollo Global Management from $45.00 to $46.00 and gave the company a “buy” rating in a research report on Monday, November 4th. ValuEngine downgraded Apollo Global Management from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research downgraded Apollo Global Management from a “buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, Citigroup reiterated a “buy” rating and set a $53.00 target price (up from $49.00) on shares of Apollo Global Management in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $45.25.

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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