Insider Buying: Apollo Global Management LLC (APO) Major Shareholder Buys 135,700 Shares of Stock

Apollo Global Management LLC (NYSE:APO) major shareholder Tiger Global Management Llc purchased 135,700 shares of Apollo Global Management stock in a transaction dated Thursday, December 6th. The stock was bought at an average price of $26.49 per share, for a total transaction of $3,594,693.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Tiger Global Management Llc also recently made the following trade(s):

  • On Tuesday, December 4th, Tiger Global Management Llc purchased 100,000 shares of Apollo Global Management stock. The stock was bought at an average price of $26.67 per share, for a total transaction of $2,667,000.00.
  • On Monday, November 19th, Tiger Global Management Llc purchased 100,000 shares of Apollo Global Management stock. The stock was bought at an average price of $27.54 per share, for a total transaction of $2,754,000.00.
  • On Wednesday, November 14th, Tiger Global Management Llc purchased 72,924 shares of Apollo Global Management stock. The stock was bought at an average price of $28.25 per share, for a total transaction of $2,060,103.00.
  • On Friday, November 16th, Tiger Global Management Llc purchased 965,000 shares of Apollo Global Management stock. The stock was bought at an average price of $28.09 per share, for a total transaction of $27,106,850.00.
  • On Thursday, October 25th, Tiger Global Management Llc purchased 102,193 shares of Apollo Global Management stock. The stock was bought at an average price of $28.46 per share, for a total transaction of $2,908,412.78.
  • On Tuesday, October 23rd, Tiger Global Management Llc purchased 815,000 shares of Apollo Global Management stock. The stock was bought at an average price of $29.26 per share, for a total transaction of $23,846,900.00.

Shares of NYSE APO opened at $26.09 on Monday. The company has a market capitalization of $5.26 billion, a P/E ratio of 7.31, a price-to-earnings-growth ratio of 2.21 and a beta of 1.24. Apollo Global Management LLC has a 1 year low of $25.65 and a 1 year high of $37.35. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.05 and a quick ratio of 1.05.

Apollo Global Management (NYSE:APO) last released 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). Apollo Global Management had a return on equity of 43.98% and a net margin of 19.45%. The firm had revenue of $497.16 million for the quarter, compared to the consensus estimate of $596.75 million. During the same quarter in the previous year, the business posted $1.07 EPS. The firm’s revenue for the quarter was down 28.3% compared to the same quarter last year. Analysts forecast that Apollo Global Management LLC will post 1.09 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Tuesday, November 20th were issued a dividend of $0.46 per share. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, November 19th. This represents a $1.84 annualized dividend and a yield of 7.05%. Apollo Global Management’s dividend payout ratio (DPR) is presently 51.54%.

A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC raised its holdings in Apollo Global Management by 39.2% during the 2nd quarter. FMR LLC now owns 11,247,406 shares of the financial services provider’s stock worth $358,455,000 after purchasing an additional 3,164,974 shares during the last quarter. Morgan Stanley raised its holdings in Apollo Global Management by 15.4% during the 2nd quarter. Morgan Stanley now owns 5,536,056 shares of the financial services provider’s stock worth $176,434,000 after purchasing an additional 737,410 shares during the last quarter. Beck Mack & Oliver LLC raised its holdings in Apollo Global Management by 19.4% during the 3rd quarter. Beck Mack & Oliver LLC now owns 3,794,769 shares of the financial services provider’s stock worth $131,109,000 after purchasing an additional 617,566 shares during the last quarter. Natixis bought a new position in Apollo Global Management during the 2nd quarter worth approximately $75,557,000. Finally, Capital International Investors bought a new position in Apollo Global Management during the 3rd quarter worth approximately $71,968,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.

A number of brokerages recently issued reports on APO. Citigroup dropped their price objective on shares of 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 raised their price objective on shares of Apollo Global Management from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, September 21st. Zacks Investment Research lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, September 11th. ValuEngine lowered shares of 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 objective on shares of Apollo Global Management and gave the company a “buy” rating in a report on Wednesday, October 31st. Five investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $38.38.

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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 for its clients.

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

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