Apollo Global Management, LLC (NYSE:APO) insider John J. Suydam sold 53,383 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $29.07, for a total transaction of $1,551,843.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Apollo Global Management, LLC (APO) traded up 3.17% on Monday, reaching $29.92. 2,957,973 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $27.30 and its 200 day moving average is $25.16. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 11.71 and a beta of 1.22. Apollo Global Management, LLC has a 52 week low of $17.23 and a 52 week high of $30.00.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results 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 firm had revenue of $432.87 million for the quarter, compared to the consensus estimate of $455.29 million. Apollo Global Management had a return on equity of 61.50% and a net margin of 21.79%. The business’s revenue for the quarter was down 34.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 earnings per share. On average, equities analysts anticipate that Apollo Global Management, LLC will post $2.45 earnings per share for the current 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 dividend of $0.52 per share. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.49. This represents a $2.08 annualized dividend and a dividend yield of 6.95%. The ex-dividend date of this dividend is Friday, August 18th. Apollo Global Management’s payout ratio is 76.56%.

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Several research firms have recently weighed in on APO. JMP Securities reaffirmed an “outperform” rating and issued a $32.00 target price on shares of Apollo Global Management in a report on Friday. UBS AG reaffirmed a “buy” rating and issued a $32.00 target price (up previously from $30.00) on shares of Apollo Global Management in a report on Friday. Deutsche Bank AG upped their target price on shares of Apollo Global Management from $27.00 to $30.00 and gave the stock a “hold” rating in a report on Thursday. Jefferies Group LLC reaffirmed a “buy” rating on shares of Apollo Global Management in a report on Thursday. Finally, BidaskClub raised shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st. Four equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Apollo Global Management has an average rating of “Buy” and a consensus target price of $28.41.

Hedge funds have recently added to or reduced their stakes in 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 period. 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 period. 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 period. Global X Management Co. LLC purchased a new stake in Apollo Global Management during the first quarter valued at $161,000. Finally, Cowen Prime Services LLC boosted its stake in Apollo Global Management by 400.0% in the second quarter. Cowen Prime Services LLC now owns 7,500 shares of the financial services provider’s stock valued at $198,000 after buying an additional 6,000 shares during the period. Institutional investors own 75.47% of the company’s stock.

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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