Apollo Global Management LLC (NYSE:APO) saw unusually large options trading activity on Tuesday. Traders bought 16,162 call options on the stock. This is an increase of 2,327% compared to the average daily volume of 666 call options.
In other news, major shareholder Tiger Global Management Llc acquired 43,714 shares of the company’s stock in a transaction on Tuesday, November 14th. The stock was bought at an average cost of $29.18 per share, with a total value of $1,275,574.52. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.11% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Stephens Inc. AR boosted its position in Apollo Global Management by 12.0% in the fourth quarter. Stephens Inc. AR now owns 31,552 shares of the financial services provider’s stock valued at $1,056,000 after buying an additional 3,388 shares during the last quarter. Gator Capital Management LLC purchased a new stake in Apollo Global Management in the fourth quarter valued at approximately $472,000. Beck Mack & Oliver LLC boosted its position in Apollo Global Management by 1.1% in the fourth quarter. Beck Mack & Oliver LLC now owns 3,093,673 shares of the financial services provider’s stock valued at $103,545,000 after buying an additional 34,943 shares during the last quarter. Summit Securities Group LLC boosted its position in Apollo Global Management by 18,954.1% in the fourth quarter. Summit Securities Group LLC now owns 28,200 shares of the financial services provider’s stock valued at $944,000 after buying an additional 28,052 shares during the last quarter. Finally, Dividend Assets Capital LLC boosted its position in Apollo Global Management by 7.7% in the fourth quarter. Dividend Assets Capital LLC now owns 21,000 shares of the financial services provider’s stock valued at $702,000 after buying an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 71.76% of the company’s stock.
APO has been the subject of several research analyst reports. Credit Suisse Group lifted their target price on Apollo Global Management from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Monday. Zacks Investment Research downgraded Apollo Global Management from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Citigroup downgraded Apollo Global Management from a “buy” rating to a “neutral” rating and set a $38.00 price objective for the company. in a report on Friday, January 19th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $35.00 price objective on shares of Apollo Global Management in a report on Thursday, October 12th. Finally, ValuEngine upgraded Apollo Global Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $35.62.
Shares of Apollo Global Management (NYSE:APO) traded down $1.90 during trading on Monday, reaching $34.00. 2,462,571 shares of the company’s stock were exchanged, compared to its average volume of 989,726. Apollo Global Management has a fifty-two week low of $21.39 and a fifty-two week high of $37.35. The company has a market capitalization of $6,570.00, a P/E ratio of 11.11, a PEG ratio of 1.03 and a beta of 1.03. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.74 and a quick ratio of 1.74.
Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Thursday, February 1st. The financial services provider reported $1.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.55. Apollo Global Management had a return on equity of 66.33% and a net margin of 23.92%. The business had revenue of $869.50 million for the quarter, compared to analyst estimates of $599.38 million. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The company’s revenue was up 26.9% on a year-over-year basis. equities research analysts predict that Apollo Global Management will post 3.12 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 21st will be given a $0.66 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $2.64 dividend on an annualized basis and a yield of 7.76%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.39. Apollo Global Management’s dividend payout ratio is currently 50.98%.
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Apollo Global Management Company Profile
Apollo Global Management, LLC (Apollo) is an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company’s segments include private equity, credit and real estate.
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