Canton Hathaway LLC Takes Position in Apollo Global Management LLC (NYSE:APO)

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Canton Hathaway LLC acquired a new stake in shares of Apollo Global Management LLC (NYSE:APO) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,940 shares of the financial services provider’s stock, valued at approximately $414,000.

Several other hedge funds have also recently made changes to their positions in the company. TCG Advisors LP purchased a new position in Apollo Global Management during the first quarter valued at $26,000. Arlington Partners LLC purchased a new position in Apollo Global Management during the second quarter valued at $34,000. NEXT Financial Group Inc purchased a new position in shares of Apollo Global Management in the 2nd quarter worth $54,000. Boston Partners purchased a new position in shares of Apollo Global Management in the 2nd quarter worth $125,000. Finally, Arden Trust Co purchased a new position in shares of Apollo Global Management in the 3rd quarter worth $200,000. Hedge funds and other institutional investors own 72.55% of the company’s stock.

In other Apollo Global Management news, Director Pauline Richards purchased 2,720 shares of Apollo Global Management stock in a transaction dated Friday, August 2nd. The stock was acquired at an average price of $30.85 per share, for a total transaction of $83,912.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Martin Kelly sold 4,000 shares of the business’s stock in a transaction dated 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 company insiders.

Shares of NYSE:APO traded down $0.21 on Friday, reaching $38.72. The company’s stock had a trading volume of 1,641,280 shares, compared to its average volume of 1,529,835. The company has a 50-day simple moving average of $38.64 and a 200 day simple moving average of $34.00. The company has a market cap of $7.60 billion, a P/E ratio of -184.38, a PEG ratio of 1.01 and a beta of 1.48. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.64 and a current ratio of 1.64. Apollo Global Management LLC has a 52-week low of $22.63 and a 52-week high of $41.79.

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

A number of equities analysts have commented on APO shares. UBS Group lifted their price objective on shares of Apollo Global Management from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Bank of America lifted their price objective on shares of Apollo Global Management from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, September 23rd. ValuEngine cut shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research cut shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Morgan Stanley lifted their price objective on shares of Apollo Global Management from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 9th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $42.67.

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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