Apollo Global Management, LLC (NYSE:APO) major shareholder Tiger Global Management Llc purchased 109,026 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were acquired at an average price of $27.95 per share, with a total value of $3,047,276.70. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Tiger Global Management Llc also recently made the following trade(s):

  • On Monday, July 31st, Tiger Global Management Llc purchased 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 Friday, July 28th, Tiger Global Management Llc acquired 234,300 shares of Apollo Global Management stock. The shares were purchased at an average cost of $27.89 per share, for a total transaction 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 purchased at an average cost of $27.96 per share, for a total transaction 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 purchased at an average cost of $27.93 per share, for a total transaction of $7,301,711.97.
  • On Wednesday, July 19th, Tiger Global Management Llc acquired 100,916 shares of Apollo Global Management stock. The shares were purchased at an average cost of $27.36 per share, for a total transaction of $2,761,061.76.
  • On Thursday, July 20th, Tiger Global Management Llc purchased 249,968 shares of Apollo Global Management stock. The stock was bought 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 purchased 73,800 shares of Apollo Global Management stock. The stock was bought 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 purchased 859,600 shares of Apollo Global Management stock. The stock was bought 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 acquired 681,672 shares of Apollo Global Management stock. The stock was acquired at an average price of $26.42 per share, for a total transaction of $18,009,774.24.
  • On Friday, May 12th, Tiger Global Management Llc acquired 202,100 shares of Apollo Global Management stock. The stock was acquired at an average price of $26.98 per share, for a total transaction of $5,452,658.00.

Apollo Global Management, LLC (NYSE:APO) opened at 29.00 on Friday. The company’s 50-day moving average price is $27.30 and its 200-day moving average price is $25.16. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 11.35 and a beta of 1.22. Apollo Global Management, LLC has a 52 week low of $17.23 and a 52 week high of $29.20.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.04. Apollo Global Management had a return on equity of 61.50% and a net margin of 21.79%. The firm had revenue of $432.87 million during the quarter, compared to analyst estimates of $455.29 million. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The company’s quarterly revenue was down 34.5% on a year-over-year basis. Equities analysts forecast that Apollo Global Management, LLC will post $2.47 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 22nd will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 7.17%. This is a boost 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 payout ratio is presently 76.56%.

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Large investors have recently bought and sold shares of the company. TCI Wealth Advisors Inc. boosted its stake 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 valued at $140,000 after buying an additional 1,601 shares during the last quarter. Penserra Capital Management LLC boosted its stake 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 valued at $143,000 after buying an additional 2,918 shares during the last quarter. NEXT Financial Group Inc boosted its stake 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 valued at $169,000 after buying an additional 3,300 shares during the last quarter. Global X Management Co. LLC purchased a new stake in Apollo Global Management during the first quarter valued at about $161,000. Finally, Koshinski Asset Management Inc. purchased a new stake in Apollo Global Management during the second quarter valued at about $202,000. Institutional investors own 75.77% of the company’s stock.

APO has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $33.00 price objective on shares of Apollo Global Management in a research report on Friday, July 14th. Zacks Investment Research raised Apollo Global Management from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Monday, July 3rd. Jefferies Group LLC reissued a “buy” rating on shares of Apollo Global Management in a report on Friday, June 30th. BidaskClub downgraded Apollo Global Management from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) boosted their target price on Apollo Global Management from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, June 7th. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $28.41.

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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