Apollo Global Management (APO) Reaches New 1-Year Low at $25.65

Apollo Global Management LLC (NYSE:APO)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $25.65 and last traded at $26.18, with a volume of 59783 shares traded. The stock had previously closed at $26.45.

A number of equities analysts recently commented on the company. Citigroup reduced their price target on Apollo Global Management from $41.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, October 25th. Credit Suisse Group lifted their price target on Apollo Global Management from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, September 21st. Zacks Investment Research cut Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, September 11th. ValuEngine cut Apollo Global Management from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Finally, Oppenheimer set a $43.00 price target on Apollo Global Management and gave the stock a “buy” rating in a report on Wednesday, October 31st. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Apollo Global Management presently has a consensus rating of “Buy” and a consensus target price of $38.38.

The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.56. The company has a market cap of $5.39 billion, a PE ratio of 7.31, a P/E/G ratio of 2.27 and a beta of 1.24.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.03). The company had revenue of $497.16 million during the quarter, compared to the consensus estimate of $596.75 million. Apollo Global Management had a net margin of 19.45% and a return on equity of 43.98%. The company’s quarterly revenue was down 28.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 earnings per share. Equities analysts expect that Apollo Global Management LLC will post 1.18 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Tuesday, November 20th were paid a $0.46 dividend. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a dividend yield of 7.05%. The ex-dividend date of this dividend was Monday, November 19th. Apollo Global Management’s payout ratio is 51.54%.

In other news, major shareholder Tiger Global Management Llc acquired 102,193 shares of the stock in a transaction on Thursday, October 25th. The stock was acquired at an average cost of $28.46 per share, for a total transaction of $2,908,412.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director A B. Krongard acquired 1,000 shares of the stock in a transaction on Thursday, November 15th. The shares were purchased at an average price of $28.24 per share, with a total value of $28,240.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 2,291,817 shares of company stock valued at $64,966,199. 4.11% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in APO. Tower Research Capital LLC TRC raised its position in Apollo Global Management by 482.8% during the second quarter. Tower Research Capital LLC TRC now owns 3,683 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 3,051 shares in the last quarter. Centaurus Financial Inc. acquired a new position in Apollo Global Management during the second quarter valued at approximately $139,000. Ancora Advisors LLC acquired a new position in Apollo Global Management during the third quarter valued at approximately $156,000. Cerebellum GP LLC raised its position in Apollo Global Management by 1,214.8% during the third quarter. Cerebellum GP LLC now owns 5,154 shares of the financial services provider’s stock valued at $178,000 after purchasing an additional 4,762 shares in the last quarter. Finally, Alpine Global Management LLC acquired a new position in Apollo Global Management during the third quarter valued at approximately $210,000. Institutional investors and hedge funds own 73.70% of the company’s stock.

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Apollo Global Management Company Profile (NYSE:APO)

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.

See Also: Balanced Fund

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