Apollo Global Management, LLC (APO) Sees Strong Trading Volume
Apollo Global Management, LLC (NYSE:APO) saw strong trading volume on Monday . 833,291 shares were traded during trading, a decline of 33% from the previous session’s volume of 1,243,632 shares.The stock last traded at $30.35 and had previously closed at $30.30.
Several analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Jefferies Group LLC boosted their target price on shares of Apollo Global Management from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Credit Suisse Group boosted their target price on shares of Apollo Global Management from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Thursday, November 2nd. 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. Finally, Wells Fargo & Company restated an “outperform” rating and set a $39.00 price objective (up from $34.00) on shares of Apollo Global Management in a research note on Thursday, November 2nd. Four research 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. The company has an average rating of “Buy” and an average target price of $33.38.
The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.58. The firm has a market cap of $5,864.26, a P/E ratio of 9.10, a P/E/G ratio of 1.02 and a beta of 1.23.
Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $1.07 EPS for the quarter, beating the consensus estimate of $0.56 by $0.51. Apollo Global Management had a net margin of 24.82% and a return on equity of 64.11%. The business had revenue of $645.20 million during the quarter, compared to analysts’ expectations of $467.72 million. During the same period in the previous year, the business posted $0.58 EPS. The business’s quarterly revenue was up 31.1% compared to the same quarter last year. analysts predict that Apollo Global Management, LLC will post 2.98 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Tuesday, November 21st will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.14%. The ex-dividend date of this dividend is Monday, November 20th. Apollo Global Management’s payout ratio is 50.98%.
In other news, major shareholder Tiger Global Management Llc bought 43,714 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average cost of $29.18 per share, for a total transaction of $1,275,574.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 4.11% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Stelac Advisory Services LLC acquired a new position in shares of Apollo Global Management in the 3rd quarter valued at $117,000. Penserra Capital Management LLC lifted its stake in shares of Apollo Global Management by 10.0% in the 2nd quarter. Penserra Capital Management LLC now owns 6,479 shares of the financial services provider’s stock valued at $171,000 after purchasing an additional 589 shares during the period. Cowen Prime Services LLC lifted its stake in shares of Apollo Global Management by 400.0% in the 2nd quarter. Cowen Prime Services LLC now owns 7,500 shares of the financial services provider’s stock valued at $198,000 after purchasing an additional 6,000 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Apollo Global Management in the 2nd quarter valued at $211,000. Finally, First Midwest Bank Trust Division acquired a new position in shares of Apollo Global Management in the 3rd quarter valued at $232,000. Hedge funds and other institutional investors own 71.94% of the company’s stock.
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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.
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