Apollo Global Management, LLC (NYSE:APO) major shareholder Tiger Global Management Llc acquired 43,714 shares of the stock in a transaction dated Tuesday, November 14th. The stock was bought at an average price of $29.18 per share, with a total value of $1,275,574.52. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more 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, September 8th, Tiger Global Management Llc acquired 253,672 shares of Apollo Global Management stock. The stock was bought at an average price of $28.48 per share, with a total value of $7,224,578.56.

Apollo Global Management, LLC (NYSE:APO) traded down $0.61 on Thursday, reaching $29.01. 1,425,500 shares of the company’s stock were exchanged, compared to its average volume of 1,251,668. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.58. The stock has a market cap of $5,660.00, a P/E ratio of 8.89, a price-to-earnings-growth ratio of 0.99 and a beta of 1.23. Apollo Global Management, LLC has a 1 year low of $18.75 and a 1 year high of $33.37.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.51. The firm had revenue of $645.20 million for the quarter, compared to the consensus estimate of $467.72 million. Apollo Global Management had a net margin of 24.82% and a return on equity of 64.11%. The business’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.58 EPS. sell-side analysts forecast that Apollo Global Management, LLC will post 2.98 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Tuesday, November 21st will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend is Monday, November 20th. Apollo Global Management’s dividend payout ratio is 68.42%.

TRADEMARK VIOLATION NOTICE: This report was reported by Watch List News and is owned by of Watch List News. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://www.watchlistnews.com/apollo-global-management-llc-apo-major-shareholder-buys-1275574-52-in-stock/1707787.html.

Several analysts have recently weighed in on APO shares. Zacks Investment Research upgraded shares of Apollo Global Management from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $35.00 price objective on shares of Apollo Global Management in a research note on Thursday, October 12th. Citigroup Inc. lifted their price objective on shares of Apollo Global Management from $35.50 to $38.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Jefferies Group LLC restated a “buy” rating on shares of Apollo Global Management in a research note on Thursday, August 3rd. Finally, Wells Fargo & Company restated an “outperform” rating and set a $39.00 price target (up previously from $34.00) on shares of Apollo Global Management in a research note on Thursday, November 2nd. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $33.38.

Institutional investors and hedge funds have recently bought and sold shares of the business. Tiger Global Management LLC boosted its holdings in shares of Apollo Global Management by 40.9% in the 2nd quarter. Tiger Global Management LLC now owns 32,885,212 shares of the financial services provider’s stock worth $869,814,000 after buying an additional 9,550,313 shares during the last quarter. GMT Capital Corp lifted its holdings in Apollo Global Management by 224.2% during the second quarter. GMT Capital Corp now owns 4,268,063 shares of the financial services provider’s stock valued at $112,421,000 after purchasing an additional 2,951,622 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Apollo Global Management by 48.3% during the second quarter. JPMorgan Chase & Co. now owns 5,241,867 shares of the financial services provider’s stock valued at $138,648,000 after purchasing an additional 1,707,154 shares during the last quarter. Capital World Investors lifted its holdings in Apollo Global Management by 16.5% during the second quarter. Capital World Investors now owns 7,649,700 shares of the financial services provider’s stock valued at $202,335,000 after purchasing an additional 1,082,313 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Apollo Global Management by 4,894.9% during the third quarter. Ameriprise Financial Inc. now owns 746,881 shares of the financial services provider’s stock valued at $22,481,000 after purchasing an additional 731,928 shares during the last quarter. 73.69% of the stock is currently owned by hedge funds and other institutional investors.

Apollo Global Management Company Profile

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)

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