Apollo Global Management LLC (APO) Director Joshua Harris Sells 94,723 Shares

Apollo Global Management LLC (NYSE:APO) Director Joshua Harris sold 94,723 shares of Apollo Global Management stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $33.94, for a total transaction of $3,214,898.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Joshua Harris also recently made the following trade(s):

  • On Friday, February 23rd, Joshua Harris sold 196,278 shares of Apollo Global Management stock. The stock was sold at an average price of $34.07, for a total transaction of $6,687,191.46.
  • On Thursday, February 15th, Joshua Harris sold 125,000 shares of Apollo Global Management stock. The stock was sold at an average price of $34.54, for a total transaction of $4,317,500.00.
  • On Monday, February 5th, Joshua Harris sold 4,500,000 shares of Apollo Global Management stock. The stock was sold at an average price of $34.00, for a total transaction of $153,000,000.00.

Shares of Apollo Global Management LLC (APO) traded up $0.35 on Friday, hitting $34.25. 548,744 shares of the stock were exchanged, compared to its average volume of 1,280,000. The stock has a market capitalization of $6,630.00, a price-to-earnings ratio of 7.89, a P/E/G ratio of 0.98 and a beta of 1.03. Apollo Global Management LLC has a 1 year low of $21.39 and a 1 year high of $37.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.26 and a quick ratio of 2.26.

Apollo Global Management (NYSE:APO) last issued its earnings results on Thursday, February 1st. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.55. The firm had revenue of $869.50 million during the quarter, compared to analyst estimates of $599.38 million. Apollo Global Management had a net margin of 23.92% and a return on equity of 62.94%. The business’s revenue was up 26.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 earnings per share. equities analysts forecast that Apollo Global Management LLC will post 3.1 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 21st will be issued a $0.66 dividend. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.39. This represents a $2.64 annualized dividend and a dividend yield of 7.71%. The ex-dividend date of this dividend is Tuesday, February 20th. Apollo Global Management’s payout ratio is presently 60.83%.

Several research analysts have commented on the stock. ValuEngine raised shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $43.00 price objective on shares of Apollo Global Management in a research note on Thursday, February 1st. Credit Suisse Group lifted their price objective on shares of Apollo Global Management from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Zacks Investment Research raised shares of Apollo Global Management from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Monday, February 5th. Finally, Wells Fargo & Co reissued an “outperform” rating and set a $39.00 target price (up from $34.00) on shares of Apollo Global Management in a research note on Thursday, November 2nd. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Apollo Global Management presently has a consensus rating of “Buy” and a consensus price target of $36.33.

Several hedge funds have recently added to or reduced their stakes in APO. CDAM UK Ltd bought a new stake in shares of Apollo Global Management in the fourth quarter valued at about $77,206,000. Ameriprise Financial Inc. raised its holdings in shares of Apollo Global Management by 4,894.9% in the third quarter. Ameriprise Financial Inc. now owns 746,881 shares of the financial services provider’s stock valued at $22,481,000 after acquiring an additional 731,928 shares in the last quarter. ING Groep NV raised its holdings in shares of Apollo Global Management by 230.0% in the third quarter. ING Groep NV now owns 660,000 shares of the financial services provider’s stock valued at $19,866,000 after acquiring an additional 460,000 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Apollo Global Management by 56.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,233,286 shares of the financial services provider’s stock valued at $41,278,000 after acquiring an additional 443,134 shares in the last quarter. Finally, Hillman Co. bought a new stake in shares of Apollo Global Management in the fourth quarter valued at about $9,179,000. Hedge funds and other institutional investors own 72.65% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Apollo Global Management (NYSE:APO)

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