Cerebellum GP LLC Has $258,000 Position in Apollo Global Management LLC (APO)

Cerebellum GP LLC increased its stake in shares of Apollo Global Management LLC (NYSE:APO) by 103.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 10,510 shares of the financial services provider’s stock after buying an additional 5,356 shares during the quarter. Cerebellum GP LLC’s holdings in Apollo Global Management were worth $258,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in APO. FMR LLC grew its stake in shares of Apollo Global Management by 39.2% during the second quarter. FMR LLC now owns 11,247,406 shares of the financial services provider’s stock worth $358,455,000 after purchasing an additional 3,164,974 shares during the period. Capital International Investors bought a new position in Apollo Global Management during the third quarter worth about $71,968,000. Morgan Stanley lifted its holdings in Apollo Global Management by 15.4% during the second quarter. Morgan Stanley now owns 5,536,056 shares of the financial services provider’s stock worth $176,434,000 after acquiring an additional 737,410 shares in the last quarter. Beck Mack & Oliver LLC lifted its holdings in Apollo Global Management by 19.4% during the third quarter. Beck Mack & Oliver LLC now owns 3,794,769 shares of the financial services provider’s stock worth $131,109,000 after acquiring an additional 617,566 shares in the last quarter. Finally, Select Equity Group L.P. bought a new position in Apollo Global Management during the third quarter worth about $15,862,000. 73.66% of the stock is owned by institutional investors and hedge funds.

APO has been the topic of several recent analyst reports. Credit Suisse Group lifted their target price on Apollo Global Management from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, September 21st. Goldman Sachs Group upgraded Apollo Global Management from a “buy” rating to a “conviction-buy” rating in a report on Monday, October 1st. ValuEngine upgraded Apollo Global Management from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Zacks Investment Research upgraded Apollo Global Management from a “sell” rating to a “hold” rating in a report on Wednesday, October 3rd. Finally, Oppenheimer set a $43.00 target price on Apollo Global Management and gave the stock a “buy” rating in a report on Tuesday, October 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $38.38.

In other news, major shareholder Tiger Global Management Llc purchased 234,324 shares of the business’s stock in a transaction dated Monday, December 24th. The shares were bought at an average cost of $23.82 per share, for a total transaction of $5,581,597.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director A B. Krongard purchased 1,000 shares of the business’s stock in a transaction dated Thursday, November 15th. The stock was purchased at an average price of $28.24 per share, for a total transaction of $28,240.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 4,079,917 shares of company stock worth $107,205,569. Corporate insiders own 4.11% of the company’s stock.

Shares of Apollo Global Management stock opened at $26.35 on Friday. The stock has a market capitalization of $5.42 billion, a PE ratio of 7.38, a PEG ratio of 0.95 and a beta of 1.26. Apollo Global Management LLC has a one year low of $22.63 and a one year high of $37.35. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.05 and a current ratio of 1.05.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.03). The firm had revenue of $497.16 million during the quarter, compared to the consensus estimate of $596.75 million. Apollo Global Management had a net margin of 19.45% and a return on equity of 43.98%. The business’s revenue for the quarter was down 28.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.07 earnings per share. Analysts predict that Apollo Global Management LLC will post 0.97 earnings per share for the current fiscal year.

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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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