First National Bank Sioux Falls Takes $258,000 Position in Apollo Global Management LLC (NYSE:APO)

First National Bank Sioux Falls purchased a new stake in Apollo Global Management LLC (NYSE:APO) during the 3rd quarter, HoldingsChannel reports. The firm purchased 6,809 shares of the financial services provider’s stock, valued at approximately $258,000.

Several other large investors have also modified their holdings of APO. Rothschild Investment Corp IL grew its position in Apollo Global Management by 0.5% during the second quarter. Rothschild Investment Corp IL now owns 80,577 shares of the financial services provider’s stock worth $2,764,000 after buying an additional 400 shares in the last quarter. Private Advisor Group LLC grew its position in Apollo Global Management by 4.5% during the second quarter. Private Advisor Group LLC now owns 13,058 shares of the financial services provider’s stock worth $422,000 after buying an additional 560 shares in the last quarter. MBM Wealth Consultants LLC grew its position in Apollo Global Management by 6.2% during the second quarter. MBM Wealth Consultants LLC now owns 11,108 shares of the financial services provider’s stock worth $381,000 after buying an additional 648 shares in the last quarter. Creative Planning grew its position in Apollo Global Management by 5.1% during the second quarter. Creative Planning now owns 14,138 shares of the financial services provider’s stock worth $485,000 after buying an additional 691 shares in the last quarter. Finally, TCG Advisors LP acquired a new stake in Apollo Global Management during the first quarter worth about $26,000. 72.55% of the stock is currently owned by institutional investors.

In other news, Director Pauline Richards bought 2,720 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was bought at an average price of $30.85 per share, for a total transaction of $83,912.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Martin Kelly sold 4,000 shares of Apollo Global Management stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $39.96, for a total transaction of $159,840.00. The disclosure for this sale can be found here. 46.90% of the stock is currently owned by insiders.

NYSE APO traded up $0.13 during trading on Friday, reaching $39.06. 435,246 shares of the company traded hands, compared to its average volume of 3,286,840. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.64 and a current ratio of 1.64. The stock’s 50 day moving average price is $38.64 and its two-hundred day moving average price is $34.00. The company has a market cap of $7.60 billion, a price-to-earnings ratio of -186.00, a P/E/G ratio of 1.01 and a beta of 1.48. Apollo Global Management LLC has a 1-year low of $22.63 and a 1-year high of $41.79.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). The business had revenue of $523.30 million during the quarter, compared to the consensus estimate of $398.72 million. The company’s quarterly revenue was down 17.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share. Equities research analysts expect that Apollo Global Management LLC will post 2.39 EPS for the current fiscal year.

A number of research firms recently weighed in on APO. Wells Fargo & Co lifted their target price on Apollo Global Management from $42.00 to $48.00 and gave the stock an “outperform” rating in a research report on Thursday, September 12th. UBS Group lifted their target price on Apollo Global Management from $37.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. BMO Capital Markets began coverage on Apollo Global Management in a research report on Monday. They set an “outperform” rating and a $52.00 target price on the stock. Morgan Stanley lifted their target price on Apollo Global Management from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 9th. Finally, Barclays began coverage on Apollo Global Management in a research report on Monday, August 5th. They set an “overweight” rating and a $45.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Apollo Global Management currently has an average rating of “Buy” and an average price target of $42.67.

About Apollo Global Management

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.

Further Reading: Technical Analysis

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

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