Apollo Global Management LLC (NYSE:APO) insider Joshua Harris sold 4,500,000 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $34.00, for a total transaction of $153,000,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Apollo Global Management LLC (NYSE:APO) opened at $32.33 on Friday. The stock has a market cap of $6,260.00, a P/E ratio of 10.57, a PEG ratio of 0.98 and a beta of 1.03. Apollo Global Management LLC has a 12 month low of $21.39 and a 12 month high of $37.35. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.74 and a current ratio of 1.74.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.55. The company had revenue of $869.50 million for the quarter, compared to analyst estimates of $599.38 million. Apollo Global Management had a net margin of 23.92% and a return on equity of 66.33%. The business’s quarterly revenue was up 26.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 earnings per share. sell-side analysts forecast that Apollo Global Management LLC will post 3.1 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 21st will be paid a dividend of $0.66 per share. The ex-dividend date is Tuesday, February 20th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 8.17%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.39. Apollo Global Management’s dividend payout ratio (DPR) is currently 50.98%.

Several research analysts recently commented on APO shares. ValuEngine upgraded shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Keefe, Bruyette & Woods restated a “buy” rating and issued a $43.00 price target on shares of Apollo Global Management in a report on Thursday, February 1st. Zacks Investment Research lowered shares of Apollo Global Management from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Citigroup lowered shares of Apollo Global Management from a “buy” rating to a “neutral” rating and set a $38.00 price target on the stock. in a report on Friday, January 19th. Finally, Credit Suisse Group raised their price target on shares of Apollo Global Management from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Monday, February 5th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $36.33.

Several institutional investors and hedge funds have recently bought and sold shares of APO. Bank of New York Mellon Corp purchased a new stake in shares of Apollo Global Management during the second quarter valued at approximately $240,000. Ameriprise Financial Inc. raised its stake in shares of Apollo Global Management by 55.7% during the second quarter. Ameriprise Financial Inc. now owns 14,953 shares of the financial services provider’s stock valued at $396,000 after purchasing an additional 5,350 shares during the period. Renaissance Technologies LLC raised its stake in shares of Apollo Global Management by 29.1% during the second quarter. Renaissance Technologies LLC now owns 861,934 shares of the financial services provider’s stock valued at $22,798,000 after purchasing an additional 194,102 shares during the period. Stifel Financial Corp raised its stake in shares of Apollo Global Management by 89.8% during the second quarter. Stifel Financial Corp now owns 21,918 shares of the financial services provider’s stock valued at $579,000 after purchasing an additional 10,368 shares during the period. Finally, Janus Henderson Group PLC purchased a new stake in shares of Apollo Global Management during the second quarter valued at approximately $15,887,000. Institutional investors own 71.76% of the company’s stock.

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About Apollo Global Management

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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