Apollo Global Management LLC (NYSE:APO) Director A B. Krongard bought 1,000 shares of the stock in a transaction on Thursday, November 15th. The shares were acquired at an average cost of $28.24 per share, with a total value of $28,240.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

NYSE:APO opened at $26.19 on Wednesday. The stock has a market cap of $5.36 billion, a PE ratio of 7.34, a PEG ratio of 2.19 and a beta of 1.22. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. Apollo Global Management LLC has a 1-year low of $25.85 and a 1-year high of $37.35.

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 for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.03). The firm had revenue of $497.16 million for the quarter, compared to the consensus estimate of $596.75 million. Apollo Global Management had a return on equity of 43.98% and a net margin of 19.45%. The business’s revenue for the quarter was down 28.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 earnings per share. As a group, sell-side analysts anticipate that Apollo Global Management LLC will post 1.22 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Tuesday, November 20th will be issued a dividend of $0.46 per share. 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 7.03%. The ex-dividend date of this dividend is Monday, November 19th. Apollo Global Management’s payout ratio is 51.54%.

Large investors have recently added to or reduced their stakes in the company. Squar Milner Financial Services LLC bought a new stake in shares of Apollo Global Management during the second quarter worth about $112,000. Tower Research Capital LLC TRC grew its holdings in shares of 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 worth $117,000 after purchasing an additional 3,051 shares during the last quarter. Centaurus Financial Inc. bought a new stake in shares of Apollo Global Management during the second quarter worth about $139,000. Ancora Advisors LLC bought a new stake in Apollo Global Management in the third quarter valued at approximately $156,000. Finally, Cerebellum GP LLC boosted its holdings in Apollo Global Management by 1,214.8% in the third quarter. Cerebellum GP LLC now owns 5,154 shares of the financial services provider’s stock valued at $178,000 after acquiring an additional 4,762 shares during the last quarter. Institutional investors own 71.75% of the company’s stock.

Several brokerages have commented on APO. ValuEngine downgraded Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Citigroup reduced their price target on Apollo Global Management from $41.00 to $39.00 and set a “buy” rating on the stock in a report on Thursday, October 25th. Oppenheimer restated a “buy” rating on shares of Apollo Global Management in a report on Thursday, August 2nd. Credit Suisse Group boosted 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. Finally, Zacks Investment Research cut Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, September 11th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Apollo Global Management presently has an average rating of “Buy” and an average target price of $38.38.

ILLEGAL ACTIVITY WARNING: This article was first published by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://www.watchlistnews.com/apollo-global-management-llc-apo-director-acquires-28240-00-in-stock/2627595.html.

About Apollo Global Management

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: What is a Call Option?

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

Receive News & Ratings for Apollo Global Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Apollo Global Management and related companies with MarketBeat.com's FREE daily email newsletter.