Apollo Global Management LLC (NYSE:APO) Director A B. Krongard acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, November 15th. The shares were bought at an average price of $28.24 per share, with a total value of $28,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of APO traded down $1.56 during mid-day trading on Monday, hitting $26.59. 1,607,724 shares of the stock were exchanged, compared to its average volume of 951,674. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 7.45, a price-to-earnings-growth ratio of 2.32 and a beta of 1.22. Apollo Global Management LLC has a 52-week low of $26.30 and a 52-week high of $37.35. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.05 and a quick ratio of 1.05.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Wednesday, October 31st. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.03). The firm had revenue of $497.16 million for the quarter, compared to analysts’ expectations of $596.75 million. Apollo Global Management had a return on equity of 43.98% and a net margin of 19.45%. The firm’s revenue was down 28.3% on a year-over-year basis. During the same period last year, the company earned $1.07 earnings per share. On average, sell-side analysts expect that Apollo Global Management LLC will post 1.22 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Tuesday, November 20th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 6.92%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, November 19th. Apollo Global Management’s dividend payout ratio is 48.18%.

Institutional investors and hedge funds have recently modified their holdings of the company. Centaurus Financial Inc. purchased a new stake in shares of Apollo Global Management during the 2nd quarter worth approximately $139,000. Morgan Stanley raised its holdings in shares of Apollo Global Management by 15.4% during the 2nd quarter. Morgan Stanley now owns 5,536,056 shares of the financial services provider’s stock worth $176,434,000 after acquiring an additional 737,410 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Apollo Global Management by 18.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 103,821 shares of the financial services provider’s stock worth $3,587,000 after acquiring an additional 15,841 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Apollo Global Management by 11.4% during the 2nd quarter. Raymond James & Associates now owns 102,319 shares of the financial services provider’s stock worth $3,261,000 after acquiring an additional 10,448 shares in the last quarter. Finally, Crabel Capital Management LLC purchased a new stake in Apollo Global Management during the 2nd quarter valued at $19,919,000. 71.75% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have weighed in on APO. Oppenheimer set a $43.00 price target on Apollo Global Management and gave the stock a “buy” rating in a research note on Tuesday, October 16th. Citigroup dropped their price target on Apollo Global Management from $41.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, October 25th. Morgan Stanley set a $42.00 price target on Apollo Global Management and gave the stock a “buy” rating in a research note on Tuesday, August 14th. ValuEngine upgraded Apollo Global Management from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Finally, Goldman Sachs Group upgraded Apollo Global Management from a “buy” rating to a “conviction-buy” rating in a research note on Monday, October 1st. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $38.38.

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Apollo Global Management Company Profile

Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients.

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