Oppenheimer Asset Management Inc. Has $905,000 Holdings in Apollo Global Management, Inc. (NYSE:APO)

Oppenheimer Asset Management Inc. lifted its holdings in Apollo Global Management, Inc. (NYSE:APOGet Rating) by 7.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,663 shares of the financial services provider’s stock after purchasing an additional 1,222 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Apollo Global Management were worth $905,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of APO. Chevy Chase Trust Holdings Inc. bought a new position in Apollo Global Management in the 1st quarter worth $227,000. Parallel Advisors LLC raised its holdings in Apollo Global Management by 55.0% in the 1st quarter. Parallel Advisors LLC now owns 1,054 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 374 shares during the period. Nisa Investment Advisors LLC bought a new position in Apollo Global Management in the 1st quarter worth $2,471,000. Daiwa Securities Group Inc. bought a new position in Apollo Global Management in the 1st quarter worth $1,097,000. Finally, Park Avenue Securities LLC raised its holdings in Apollo Global Management by 75.1% in the 1st quarter. Park Avenue Securities LLC now owns 4,943 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 2,120 shares during the period. Institutional investors and hedge funds own 69.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on APO shares. TheStreet downgraded shares of Apollo Global Management from a “c” rating to a “d+” rating in a report on Wednesday, November 2nd. Credit Suisse Group started coverage on shares of Apollo Global Management in a report on Tuesday, October 18th. They set an “outperform” rating and a $59.50 price objective on the stock. Bank of America upgraded shares of Apollo Global Management from an “underperform” rating to a “neutral” rating in a report on Friday, September 23rd. They noted that the move was a valuation call. Morgan Stanley boosted their price objective on shares of Apollo Global Management from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday, November 3rd. Finally, UBS Group dropped their price objective on shares of Apollo Global Management from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Wednesday, October 19th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

Apollo Global Management Trading Down 4.1 %

Shares of Apollo Global Management stock opened at $62.57 on Tuesday. Apollo Global Management, Inc. has a 12-month low of $45.62 and a 12-month high of $77.89. The stock has a market capitalization of $35.73 billion, a P/E ratio of -11.09, a price-to-earnings-growth ratio of 0.67 and a beta of 1.67. The company has a 50-day simple moving average of $54.08 and a 200 day simple moving average of $54.27. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.04.

Apollo Global Management Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Thursday, November 17th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Wednesday, November 16th. Apollo Global Management’s payout ratio is -28.37%.

Insider Activity

In other Apollo Global Management news, Director Walter Joseph Clayton III purchased 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 30th. The shares were acquired at an average cost of $56.07 per share, for a total transaction of $280,350.00. Following the transaction, the director now directly owns 29,737 shares in the company, valued at $1,667,353.59. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 15.40% of the stock is currently owned by corporate insiders.

About Apollo Global Management

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Apollo Global Management, Inc is a private equity firm specializing in investments in credit, private equity and real estate markets. The firm's private equity investments include traditional buyouts, recapitalization, distressed buyouts and debt investments in real estate, corporate partner buyouts, distressed asset, corporate carve-outs, middle market, growth capital, turnaround, bridge, corporate restructuring, special situation, acquisition, and industry consolidation transactions.

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

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