MBM Wealth Consultants LLC Purchases 648 Shares of Apollo Global Management LLC (NYSE:APO)

MBM Wealth Consultants LLC lifted its position in shares of Apollo Global Management LLC (NYSE:APO) by 6.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,108 shares of the financial services provider’s stock after purchasing an additional 648 shares during the quarter. MBM Wealth Consultants LLC’s holdings in Apollo Global Management were worth $381,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PM CAPITAL Ltd raised its holdings in shares of Apollo Global Management by 15.1% during the first quarter. PM CAPITAL Ltd now owns 1,411,922 shares of the financial services provider’s stock worth $39,886,000 after acquiring an additional 185,000 shares during the period. Accuvest Global Advisors acquired a new stake in Apollo Global Management in the 2nd quarter valued at $408,000. Amundi Pioneer Asset Management Inc. increased its stake in Apollo Global Management by 46.5% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 588,058 shares of the financial services provider’s stock valued at $16,613,000 after buying an additional 186,658 shares during the last quarter. Clear Harbor Asset Management LLC acquired a new stake in Apollo Global Management in the 1st quarter valued at $210,000. Finally, Ellis Investment Partners LLC acquired a new stake in Apollo Global Management in the 1st quarter valued at $60,000. 73.38% of the stock is currently owned by institutional investors.

In other news, Director Pauline Richards acquired 2,720 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of $30.85 per share, with a total value of $83,912.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 49.50% of the company’s stock.

Several equities research analysts have issued reports on APO shares. Barclays started coverage on shares of Apollo Global Management in a research note on Monday, August 5th. They issued an “overweight” rating and a $45.00 price target on the stock. TheStreet upgraded shares of Apollo Global Management from a “c” rating to an “a-” rating in a research note on Friday, May 3rd. Morgan Stanley lifted their price target on shares of Apollo Global Management from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 9th. JMP Securities lifted their price target 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. Finally, ValuEngine upgraded shares of Apollo Global Management from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $39.56.

Shares of APO opened at $32.84 on Friday. The company has a 50-day moving average price of $34.49. Apollo Global Management LLC has a one year low of $22.63 and a one year high of $36.49. The company has a market cap of $6.79 billion, a P/E ratio of -156.38, a PEG ratio of 0.90 and a beta of 1.50. The company has a current ratio of 1.64, a quick ratio of 1.46 and a debt-to-equity ratio of 1.24.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). The firm had revenue of $523.30 million for the quarter, compared to the consensus estimate of $398.72 million. During the same period in the previous year, the business posted $0.53 earnings per share. Apollo Global Management’s revenue for the quarter was down 17.8% on a year-over-year basis. As a group, analysts expect that Apollo Global Management LLC will post 2.38 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date of this dividend is Thursday, August 15th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.46. Apollo Global Management’s dividend payout ratio (DPR) is -876.19%.

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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