Apollo Global Management LLC (NYSE:APO) Shares Bought by Prospera Financial Services Inc

Prospera Financial Services Inc raised its position in Apollo Global Management LLC (NYSE:APO) by 147.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 128,364 shares of the financial services provider’s stock after acquiring an additional 76,451 shares during the period. Apollo Global Management makes up approximately 0.5% of Prospera Financial Services Inc’s holdings, making the stock its 24th biggest holding. Prospera Financial Services Inc’s holdings in Apollo Global Management were worth $4,855,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Accuvest Global Advisors acquired a new stake in Apollo Global Management in the second quarter valued at approximately $408,000. Invesco Ltd. lifted its stake in shares of Apollo Global Management by 755.9% during the second quarter. Invesco Ltd. now owns 1,708,708 shares of the financial services provider’s stock worth $58,609,000 after buying an additional 1,509,059 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Apollo Global Management by 387.3% during the second quarter. Janus Henderson Group PLC now owns 3,675,355 shares of the financial services provider’s stock worth $126,065,000 after buying an additional 2,921,103 shares during the period. GVO Asset Management Ltd acquired a new stake in shares of Apollo Global Management during the third quarter worth $22,877,000. Finally, Usca Ria LLC lifted its stake in shares of Apollo Global Management by 4.5% during the second quarter. Usca Ria LLC now owns 40,849 shares of the financial services provider’s stock worth $1,401,000 after buying an additional 1,741 shares during the period. Institutional investors own 72.52% of the company’s stock.

In related news, CFO Martin Kelly sold 4,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $39.96, for a total transaction of $159,840.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Pauline Richards bought 2,720 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average price of $30.85 per share, with a total value of $83,912.00. The disclosure for this purchase can be found here. Insiders own 46.90% of the company’s stock.

NYSE APO traded up $0.68 on Wednesday, reaching $40.50. 1,157,589 shares of the company’s stock traded hands, compared to its average volume of 2,301,623. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of -192.86, a P/E/G ratio of 1.08 and a beta of 1.48. The stock has a 50 day moving average price of $39.32 and a 200-day moving average price of $34.67. Apollo Global Management LLC has a fifty-two week low of $22.63 and a fifty-two week high of $41.79. 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 (NYSE:APO) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.02). The company had revenue of $523.30 million for the quarter, compared to the consensus estimate of $398.72 million. Apollo Global Management’s revenue for the quarter was down 17.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 EPS. As a group, equities research analysts anticipate that Apollo Global Management LLC will post 2.36 EPS for the current fiscal year.

Several equities research analysts have recently commented on APO shares. 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. 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. Barclays reiterated a “buy” rating and set a $44.00 price objective on shares of Apollo Global Management in a research note on Sunday, October 13th. ValuEngine downgraded shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Wells Fargo & Co lifted their price objective on shares of Apollo Global Management from $42.00 to $48.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Apollo Global Management currently has a consensus rating of “Buy” and a consensus price target of $42.58.

Apollo Global Management 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.

Recommended Story: Short Selling Stocks, A Beginner’s Guide

Want to see what other hedge funds are holding APO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Apollo Global Management LLC (NYSE:APO).

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

Receive News & Ratings for Apollo Global Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Global Management and related companies with MarketBeat.com's FREE daily email newsletter.