Apollo Global Management (NYSE:APO) major shareholder Tiger Global Management Llc bought 50,000 shares of the firm’s stock in a transaction on Wednesday, April 18th. The stock was purchased at an average cost of $29.01 per share, for a total transaction of $1,450,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Tiger Global Management Llc also recently made the following trade(s):
- On Friday, March 23rd, Tiger Global Management Llc bought 100,000 shares of Apollo Global Management stock. The stock was purchased at an average cost of $30.34 per share, for a total transaction of $3,034,000.00.
NYSE:APO opened at $29.43 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.26 and a current ratio of 2.26. Apollo Global Management has a one year low of $24.83 and a one year high of $37.35. The company has a market cap of $5,933.22, a P/E ratio of 8.24, a price-to-earnings-growth ratio of 1.17 and a beta of 1.19.
Apollo Global Management (NYSE:APO) last posted its earnings results on Thursday, February 1st. The financial services provider reported $1.22 EPS for the quarter, topping the consensus estimate of $0.67 by $0.55. Apollo Global Management had a net margin of 23.92% and a return on equity of 62.94%. The business had revenue of $869.50 million for the quarter, compared to the consensus estimate of $599.38 million. During the same period last year, the company earned $0.98 EPS. The firm’s revenue was up 26.9% compared to the same quarter last year. analysts expect that Apollo Global Management will post 2.32 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Pinnacle Holdings LLC boosted its position in Apollo Global Management by 496.1% during the 4th quarter. Pinnacle Holdings LLC now owns 3,785 shares of the financial services provider’s stock worth $127,000 after buying an additional 3,150 shares during the period. Camarda Financial Advisors LLC acquired a new stake in Apollo Global Management during the 4th quarter worth approximately $186,000. Moors & Cabot Inc. acquired a new stake in Apollo Global Management during the 4th quarter worth approximately $200,000. Waratah Capital Advisors Ltd. acquired a new stake in Apollo Global Management during the 4th quarter worth approximately $203,000. Finally, Kayne Anderson Capital Advisors LP acquired a new stake in Apollo Global Management during the 4th quarter worth approximately $301,000. Institutional investors and hedge funds own 70.46% of the company’s stock.
APO has been the topic of a number of research analyst reports. Citigroup downgraded shares of Apollo Global Management from a “buy” rating to a “neutral” rating and set a $38.00 price target on the stock. in a research note on Friday, January 19th. Morgan Stanley upgraded shares of Apollo Global Management from an “equal weight” rating to an “overweight” rating and set a $42.00 price target on the stock in a research note on Wednesday, January 3rd. Zacks Investment Research downgraded shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Credit Suisse Group raised their price target on shares of Apollo Global Management from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. Finally, ValuEngine upgraded shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. Apollo Global Management has an average rating of “Buy” and an average price target of $36.67.
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Apollo Global Management Company 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 and mutual funds for its clients.
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