Catalyst Capital Advisors LLC Continues to Hold Stake in Apollo Global Management LLC (APO)

Catalyst Capital Advisors LLC maintained its position in Apollo Global Management LLC (NYSE:APO) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,900 shares of the financial services provider’s stock at the end of the first quarter. Catalyst Capital Advisors LLC’s holdings in Apollo Global Management were worth $1,676,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. TCI Wealth Advisors Inc. increased its position in Apollo Global Management by 2.0% in the third quarter. TCI Wealth Advisors Inc. now owns 6,307 shares of the financial services provider’s stock valued at $113,000 after buying an additional 124 shares during the period. Acrospire Investment Management LLC increased its position in Apollo Global Management by 50.0% in the third quarter. Acrospire Investment Management LLC now owns 8,550 shares of the financial services provider’s stock valued at $154,000 after buying an additional 2,850 shares during the period. Advisory Services Network LLC bought a new position in Apollo Global Management during the first quarter valued at approximately $197,000. Wedbush Securities Inc. bought a new position in Apollo Global Management during the first quarter valued at approximately $214,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Apollo Global Management during the fourth quarter valued at approximately $215,000. Institutional investors and hedge funds own 63.79% of the company’s stock.

Institutional Ownership by Quarter for Apollo Global Management (NYSE:APO)

Apollo Global Management LLC (NYSE:APO) traded down 0.46% during midday trading on Friday, hitting $26.10. The stock had a trading volume of 1,967,469 shares. The company’s 50-day moving average price is $26.05 and its 200 day moving average price is $22.31. The company has a market capitalization of $4.99 billion, a PE ratio of 8.58 and a beta of 1.19. Apollo Global Management LLC has a 52 week low of $14.25 and a 52 week high of $27.78.

Apollo Global Management (NYSE:APO) last announced its quarterly earnings results on Friday, April 28th. The financial services provider reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.19. Apollo Global Management had a return on equity of 70.68% and a net margin of 20.44%. The company had revenue of $641.55 million during the quarter, compared to analysts’ expectations of $570.83 million. During the same period in the prior year, the company earned ($0.18) EPS. Apollo Global Management’s revenue was up 431.0% compared to the same quarter last year. On average, analysts expect that Apollo Global Management LLC will post $2.55 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Friday, May 19th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 7.51%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Wednesday, May 17th. Apollo Global Management’s dividend payout ratio is presently 66.99%.

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Several equities analysts recently commented on the company. Citigroup Inc assumed coverage on Apollo Global Management in a research report on Wednesday, January 25th. They set a “buy” rating and a $25.00 target price for the company. Zacks Investment Research downgraded Apollo Global Management from a “buy” rating to a “hold” rating in a research report on Friday, April 7th. TheStreet upgraded Apollo Global Management from a “c” rating to a “b-” rating in a research report on Friday, February 3rd. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $25.00 price objective (up previously from $23.00) on shares of Apollo Global Management in a research report on Tuesday, February 7th. Finally, Wells Fargo & Co upgraded Apollo Global Management from a “market perform” rating to an “outperform” rating in a research report on Monday, February 6th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $24.06.

In related news, Director A B. Krongard bought 2,000 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was acquired at an average cost of $23.01 per share, with a total value of $46,020.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Tiger Global Management Llc bought 681,672 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were bought at an average cost of $26.42 per share, with a total value of $18,009,774.24. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 9,129,413 shares of company stock valued at $236,942,001 and sold 1,260,000 shares valued at $33,537,989. 4.11% of the stock is currently owned by corporate insiders.

About Apollo Global Management

Apollo Global Management, LLC (Apollo) is an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company’s segments include private equity, credit and real estate.

12 Month Chart for NYSE:APO

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