Apollo Global Management, LLC (NYSE:APO) major shareholder Tiger Global Management Llc acquired 100,916 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The shares were acquired at an average price of $27.36 per share, with a total value of $2,761,061.76. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Tiger Global Management Llc also recently made the following trade(s):
- On Monday, July 31st, Tiger Global Management Llc acquired 63,407 shares of Apollo Global Management stock. The shares were acquired at an average price of $27.83 per share, with a total value of $1,764,616.81.
- On Tuesday, August 1st, Tiger Global Management Llc acquired 109,026 shares of Apollo Global Management stock. The shares were acquired at an average price of $27.95 per share, with a total value of $3,047,276.70.
- On Friday, July 28th, Tiger Global Management Llc acquired 234,300 shares of Apollo Global Management stock. The shares were acquired at an average price of $27.89 per share, with a total value of $6,534,627.00.
- On Wednesday, July 26th, Tiger Global Management Llc acquired 56,200 shares of Apollo Global Management stock. The shares were acquired at an average price of $27.96 per share, with a total value of $1,571,352.00.
- On Monday, July 24th, Tiger Global Management Llc acquired 261,429 shares of Apollo Global Management stock. The shares were acquired at an average price of $27.93 per share, with a total value of $7,301,711.97.
- On Thursday, July 20th, Tiger Global Management Llc bought 249,968 shares of Apollo Global Management stock. The stock was purchased at an average cost of $27.68 per share, for a total transaction of $6,919,114.24.
- On Tuesday, May 23rd, Tiger Global Management Llc bought 73,800 shares of Apollo Global Management stock. The stock was purchased at an average cost of $27.41 per share, for a total transaction of $2,022,858.00.
- On Monday, May 22nd, Tiger Global Management Llc bought 859,600 shares of Apollo Global Management stock. The stock was purchased at an average cost of $26.22 per share, for a total transaction of $22,538,712.00.
- On Thursday, May 18th, Tiger Global Management Llc bought 681,672 shares of Apollo Global Management stock. The stock was purchased at an average cost of $26.42 per share, for a total transaction of $18,009,774.24.
- On Friday, May 12th, Tiger Global Management Llc bought 202,100 shares of Apollo Global Management stock. The stock was purchased at an average cost of $26.98 per share, for a total transaction of $5,452,658.00.
Apollo Global Management, LLC (NYSE APO) traded down 0.13% during midday trading on Tuesday, hitting $29.88. The stock had a trading volume of 1,257,450 shares. Apollo Global Management, LLC has a 12 month low of $17.23 and a 12 month high of $30.08. The stock has a 50 day moving average of $27.30 and a 200 day moving average of $25.16. The stock has a market cap of $5.69 billion, a price-to-earnings ratio of 11.69 and a beta of 1.22.
Apollo Global Management (NYSE:APO) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.04. The company had revenue of $432.87 million for the quarter, compared to analyst estimates of $455.29 million. Apollo Global Management had a return on equity of 61.50% and a net margin of 21.79%. Apollo Global Management’s revenue was down 34.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 earnings per share. Analysts expect that Apollo Global Management, LLC will post $2.45 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 22nd will be issued a dividend of $0.52 per share. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.49. This represents a $2.08 annualized dividend and a yield of 6.96%. The ex-dividend date is Friday, August 18th. Apollo Global Management’s dividend payout ratio (DPR) is currently 76.56%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. TCI Wealth Advisors Inc. increased its position in Apollo Global Management by 38.4% in the first quarter. TCI Wealth Advisors Inc. now owns 5,770 shares of the financial services provider’s stock worth $140,000 after buying an additional 1,601 shares during the last quarter. Penserra Capital Management LLC increased its position in Apollo Global Management by 98.2% in the first quarter. Penserra Capital Management LLC now owns 5,890 shares of the financial services provider’s stock worth $143,000 after buying an additional 2,918 shares during the last quarter. Global X Management Co. LLC acquired a new position in Apollo Global Management during the first quarter worth about $161,000. NEXT Financial Group Inc increased its position in Apollo Global Management by 106.5% in the second quarter. NEXT Financial Group Inc now owns 6,400 shares of the financial services provider’s stock worth $169,000 after buying an additional 3,300 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in Apollo Global Management during the first quarter worth about $197,000. Institutional investors own 75.47% of the company’s stock.
Several equities analysts recently issued reports on the company. Morgan Stanley upped their target price on Apollo Global Management from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Tuesday. JMP Securities reissued an “outperform” rating and issued a $32.00 target price on shares of Apollo Global Management in a research report on Friday. UBS AG reissued a “buy” rating and issued a $32.00 target price (up from $30.00) on shares of Apollo Global Management in a research report on Friday. Deutsche Bank AG upped their target price on Apollo Global Management from $27.00 to $30.00 and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC reissued a “buy” rating on shares of Apollo Global Management in a research report on Thursday, August 3rd. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target 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.
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