Apollo Global Management, LLC (NYSE:APO) Director A B. Krongard bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The stock was purchased at an average price of $29.28 per share, for a total transaction of $29,280.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Apollo Global Management, LLC (NYSE APO) opened at 29.39 on Thursday. The company has a 50-day moving average price of $28.48 and a 200-day moving average price of $26.12. Apollo Global Management, LLC has a 52-week low of $17.38 and a 52-week high of $30.75. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 11.51 and a beta of 1.22.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.04. Apollo Global Management had a return on equity of 59.61% and a net margin of 21.79%. The firm had revenue of $432.87 million for the quarter, compared to analyst estimates of $455.29 million. During the same period in the prior year, the firm posted $0.98 EPS. The business’s revenue was down 34.5% compared to the same quarter last year. On average, equities analysts anticipate that Apollo Global Management, LLC will post $2.45 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 22nd will be given a dividend of $0.52 per share. The ex-dividend date is Friday, August 18th. This represents a $2.08 dividend on an annualized basis and a yield of 7.08%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.49. Apollo Global Management’s payout ratio is currently 81.25%.

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A number of hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC purchased a new stake in shares of Apollo Global Management during the fourth quarter worth approximately $297,000. Russell Investments Group Ltd. boosted its stake in shares of Apollo Global Management by 2.2% in the first quarter. Russell Investments Group Ltd. now owns 225,314 shares of the financial services provider’s stock worth $5,474,000 after buying an additional 4,901 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Apollo Global Management by 29.7% in the first quarter. Wells Fargo & Company MN now owns 337,841 shares of the financial services provider’s stock worth $8,217,000 after buying an additional 77,348 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Apollo Global Management during the first quarter worth approximately $197,000. Finally, OLD National Bancorp IN purchased a new stake in shares of Apollo Global Management during the first quarter worth approximately $467,000. 73.60% of the stock is owned by institutional investors.

A number of equities analysts recently issued reports on the company. Morgan Stanley increased their target price on Apollo Global Management from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 8th. JMP Securities reiterated an “outperform” rating and issued a $32.00 target price on shares of Apollo Global Management in a report on Friday, August 4th. UBS AG reiterated a “buy” rating and issued a $32.00 target price (up from $30.00) on shares of Apollo Global Management in a report on Friday, August 4th. Deutsche Bank AG increased their target price on Apollo Global Management from $27.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of Apollo Global Management in a report on Thursday, August 3rd. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $28.90.

About Apollo Global Management

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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