Apollo Global Management, LLC (NYSE:APO) Director Robert K. Kraft purchased 10,000 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $29.38 per share, for a total transaction of $293,800.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Thursday, August 10th, Robert K. Kraft purchased 30,000 shares of Apollo Global Management stock. The shares were acquired at an average cost of $29.90 per share, for a total transaction of $897,000.00.
  • On Thursday, August 3rd, Robert K. Kraft purchased 30,000 shares of Apollo Global Management stock. The shares were acquired at an average cost of $28.88 per share, for a total transaction of $866,400.00.

Apollo Global Management, LLC (NYSE:APO) traded up 2.18% on Tuesday, reaching $30.40. The company’s stock had a trading volume of 1,426,673 shares. The company has a market cap of $5.86 billion, a P/E ratio of 11.91 and a beta of 1.22. The firm’s 50-day moving average price is $27.75 and its 200 day moving average price is $25.67. Apollo Global Management, LLC has a 52-week low of $17.38 and a 52-week high of $30.64.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.04. Apollo Global Management had a return on equity of 59.61% and a net margin of 21.79%. The firm had revenue of $432.87 million for the quarter, compared to analyst estimates of $455.29 million. During the same period last year, the company posted $0.98 earnings per share. The firm’s quarterly revenue was down 34.5% compared to the same quarter last year. Equities analysts anticipate that Apollo Global Management, LLC will post $2.46 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 22nd will be paid a $0.52 dividend. The ex-dividend date of this dividend is Friday, August 18th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.49. This represents a $2.08 annualized dividend and a dividend yield of 6.84%. Apollo Global Management’s dividend payout ratio is 76.56%.

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APO has been the topic of a number of research analyst reports. Zacks Investment Research raised Apollo Global Management from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Monday, July 3rd. Jefferies Group LLC reaffirmed a “buy” rating on shares of Apollo Global Management in a research report on Friday, June 30th. BidaskClub lowered Apollo Global Management from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Goldman Sachs Group, Inc. (The) raised their price target on Apollo Global Management from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, June 7th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $33.00 price target on shares of Apollo Global Management in a research report on Friday, July 14th. Four equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $28.90.

Several hedge funds have recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in shares of Apollo Global Management during the first quarter valued at approximately $197,000. Markel Corp increased its stake in shares of Apollo Global Management by 8.5% in the first quarter. Markel Corp now owns 420,000 shares of the financial services provider’s stock valued at $10,214,000 after buying an additional 33,000 shares during the period. Wells Fargo & Company MN increased its stake in shares of Apollo Global Management by 29.7% in the first quarter. Wells Fargo & Company MN now owns 337,841 shares of the financial services provider’s stock valued at $8,217,000 after buying an additional 77,348 shares during the period. Beck Mack & Oliver LLC increased its stake in shares of Apollo Global Management by 1.6% in the first quarter. Beck Mack & Oliver LLC now owns 2,995,562 shares of the financial services provider’s stock valued at $72,852,000 after buying an additional 46,880 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Apollo Global Management by 2.2% in the first quarter. Russell Investments Group Ltd. now owns 225,314 shares of the financial services provider’s stock valued at $5,474,000 after buying an additional 4,901 shares during the period. 74.81% of the stock is owned by hedge funds and other institutional investors.

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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