Apollo Global Management, LLC (NYSE:APO) Director Robert K. Kraft acquired 30,000 shares of the stock in a transaction dated Thursday, August 10th. The shares were bought at an average cost of $29.90 per share, with a total value of $897,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Robert K. Kraft also recently made the following trade(s):

  • On Thursday, August 3rd, Robert K. Kraft acquired 30,000 shares of Apollo Global Management stock. The shares were bought at an average cost of $28.88 per share, with a total value of $866,400.00.

Apollo Global Management, LLC (APO) traded down 1.73% on Thursday, reaching $29.50. 1,337,363 shares of the company were exchanged. The stock has a market capitalization of $5.69 billion, a P/E ratio of 11.56 and a beta of 1.22. The company’s 50-day moving average price is $27.57 and its 200-day moving average price is $25.46. Apollo Global Management, LLC has a 12-month low of $17.38 and a 12-month high of $30.18.

Apollo Global Management (NYSE:APO) last released its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.04. The business had revenue of $432.87 million for the quarter, compared to analysts’ expectations of $455.29 million. Apollo Global Management had a net margin of 21.79% and a return on equity of 61.50%. Apollo Global Management’s revenue for the quarter was down 34.5% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. Equities research analysts anticipate that Apollo Global Management, LLC will post $2.46 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 22nd will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 7.05%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Friday, August 18th. Apollo Global Management’s dividend payout ratio is presently 76.56%.

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Several large investors have recently made changes to their positions in APO. Origin Asset Management LLP increased its stake in shares of Apollo Global Management by 176.3% in the second quarter. Origin Asset Management LLP now owns 814,000 shares of the financial services provider’s stock worth $21,530,000 after buying an additional 519,431 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Apollo Global Management by 55.7% in the second quarter. Ameriprise Financial Inc. now owns 14,953 shares of the financial services provider’s stock worth $396,000 after buying an additional 5,350 shares during the last quarter. Stephens Inc. AR increased its stake in shares of Apollo Global Management by 29.9% in the second quarter. Stephens Inc. AR now owns 20,724 shares of the financial services provider’s stock worth $548,000 after buying an additional 4,769 shares during the last quarter. Covey Capital Advisors LLC increased its stake in shares of Apollo Global Management by 10.0% in the second quarter. Covey Capital Advisors LLC now owns 111,412 shares of the financial services provider’s stock worth $2,947,000 after buying an additional 10,100 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Apollo Global Management by 10.5% in the second quarter. Wells Fargo & Company MN now owns 373,218 shares of the financial services provider’s stock worth $9,872,000 after buying an additional 35,377 shares during the last quarter. 75.47% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on APO. Morgan Stanley increased their price objective on shares of Apollo Global Management from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday. UBS AG reissued a “buy” rating and set a $32.00 price objective (up previously from $30.00) on shares of Apollo Global Management in a research report on Friday, August 4th. JMP Securities reissued an “outperform” rating and set a $32.00 price objective on shares of Apollo Global Management in a research report on Friday, August 4th. Jefferies Group LLC reissued a “buy” rating on shares of Apollo Global Management in a research report on Thursday, August 3rd. Finally, Deutsche Bank AG increased their price objective on shares of Apollo Global Management from $27.00 to $30.00 and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Four analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Apollo Global Management presently has an average rating of “Buy” and a consensus target price of $28.55.

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)

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