Qsemble Capital Management LP Takes Position in Apollo Global Management, Inc. (NYSE:APO)

Qsemble Capital Management LP acquired a new stake in shares of Apollo Global Management, Inc. (NYSE:APOFree Report) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 4,600 shares of the financial services provider’s stock, valued at approximately $413,000.

A number of other large investors have also recently made changes to their positions in the stock. Merit Financial Group LLC purchased a new position in shares of Apollo Global Management during the 3rd quarter valued at about $659,000. Quantbot Technologies LP purchased a new position in shares of Apollo Global Management during the 3rd quarter valued at about $52,000. Alpha DNA Investment Management LLC purchased a new position in shares of Apollo Global Management during the 3rd quarter valued at about $330,000. AFT Forsyth & Company Inc. bought a new stake in Apollo Global Management during the 3rd quarter valued at approximately $269,000. Finally, Metis Global Partners LLC raised its stake in Apollo Global Management by 4.6% during the 3rd quarter. Metis Global Partners LLC now owns 9,972 shares of the financial services provider’s stock valued at $895,000 after purchasing an additional 443 shares during the period. 60.86% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider James C. Zelter sold 70,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $90.85, for a total transaction of $6,359,500.00. Following the transaction, the insider now owns 1,130,000 shares of the company’s stock, valued at approximately $102,660,500. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider James C. Zelter sold 70,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $90.85, for a total transaction of $6,359,500.00. Following the transaction, the insider now owns 1,130,000 shares of the company’s stock, valued at approximately $102,660,500. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James C. Zelter sold 87,500 shares of the business’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $86.16, for a total value of $7,539,000.00. Following the transaction, the insider now directly owns 5,094,585 shares in the company, valued at approximately $438,949,443.60. The disclosure for this sale can be found here. Corporate insiders own 8.70% of the company’s stock.

Apollo Global Management Stock Performance

NYSE:APO opened at $103.16 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.19 and a quick ratio of 1.19. Apollo Global Management, Inc. has a 1 year low of $55.16 and a 1 year high of $103.81. The stock’s 50 day simple moving average is $94.65 and its two-hundred day simple moving average is $88.72. The company has a market cap of $58.55 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 0.71 and a beta of 1.63.

Apollo Global Management (NYSE:APOGet Free Report) last released its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $1.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.09). The firm had revenue of $834.00 million during the quarter, compared to the consensus estimate of $816.03 million. Apollo Global Management had a return on equity of 24.30% and a net margin of 10.87%. As a group, equities analysts anticipate that Apollo Global Management, Inc. will post 6.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on APO shares. Barclays decreased their target price on Apollo Global Management from $109.00 to $106.00 and set an “overweight” rating on the stock in a research note on Thursday, November 2nd. Wells Fargo & Company lifted their target price on Apollo Global Management from $103.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Bank of America decreased their target price on Apollo Global Management from $97.00 to $94.00 in a research note on Friday, October 6th. TD Cowen started coverage on Apollo Global Management in a research note on Thursday, January 4th. They set an “outperform” rating and a $115.00 target price on the stock. Finally, Jefferies Financial Group lifted their target price on Apollo Global Management from $97.00 to $100.00 in a research note on Tuesday, October 10th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.08.

Read Our Latest Analysis on Apollo Global Management

Apollo Global Management Profile

(Free Report)

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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