Apollo Global Management LLC (NYSE:APO) major shareholder Tiger Global Management Llc purchased 100,000 shares of the stock in a transaction that occurred on Tuesday, December 4th. The stock was purchased at an average price of $26.67 per share, with a total value of $2,667,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Thursday, December 6th, Tiger Global Management Llc purchased 135,700 shares of Apollo Global Management stock. The stock was purchased at an average price of $26.49 per share, with a total value of $3,594,693.00.
  • On Monday, November 19th, Tiger Global Management Llc bought 100,000 shares of Apollo Global Management stock. The shares were bought at an average price of $27.54 per share, with a total value of $2,754,000.00.
  • On Wednesday, November 14th, Tiger Global Management Llc bought 72,924 shares of Apollo Global Management stock. The shares were bought at an average price of $28.25 per share, with a total value of $2,060,103.00.
  • On Friday, November 16th, Tiger Global Management Llc bought 965,000 shares of Apollo Global Management stock. The shares were bought at an average price of $28.09 per share, with a total value of $27,106,850.00.
  • On Thursday, October 25th, Tiger Global Management Llc bought 102,193 shares of Apollo Global Management stock. The shares were bought at an average price of $28.46 per share, with a total value of $2,908,412.78.
  • On Tuesday, October 23rd, Tiger Global Management Llc bought 815,000 shares of Apollo Global Management stock. The shares were bought at an average price of $29.26 per share, with a total value of $23,846,900.00.

Shares of APO stock traded down $0.65 during trading hours on Friday, reaching $26.09. 731,442 shares of the company’s stock were exchanged, compared to its average volume of 1,073,754. The company has a market cap of $5.39 billion, a PE ratio of 7.31, a PEG ratio of 2.27 and a beta of 1.24. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. Apollo Global Management LLC has a fifty-two week low of $25.65 and a fifty-two week high of $37.35.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.03). The business had revenue of $497.16 million for the quarter, compared to analyst estimates of $596.75 million. Apollo Global Management had a return on equity of 43.98% and a net margin of 19.45%. The business’s revenue for the quarter was down 28.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.07 earnings per share. On average, equities analysts forecast that Apollo Global Management LLC will post 1.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Tuesday, November 20th were given a dividend of $0.46 per share. The ex-dividend date was Monday, November 19th. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.43. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.05%. Apollo Global Management’s dividend payout ratio is presently 51.54%.

APO has been the subject of a number of analyst reports. Citigroup lowered their target price on Apollo Global Management from $39.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, November 1st. Oppenheimer set a $43.00 target price on Apollo Global Management and gave the stock a “buy” rating in a report on Wednesday, October 31st. Morgan Stanley set a $42.00 target price on Apollo Global Management and gave the stock a “buy” rating in a report on Tuesday, August 14th. ValuEngine upgraded Apollo Global Management from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Finally, Goldman Sachs Group upgraded Apollo Global Management from a “buy” rating to a “conviction-buy” rating in a report on Monday, October 1st. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $38.38.

Several hedge funds have recently modified their holdings of APO. FMR LLC increased its position in shares of Apollo Global Management by 39.2% during the second quarter. FMR LLC now owns 11,247,406 shares of the financial services provider’s stock worth $358,455,000 after purchasing an additional 3,164,974 shares in the last quarter. Natixis acquired a new position in shares of Apollo Global Management during the second quarter worth $75,557,000. Capital International Investors acquired a new position in shares of Apollo Global Management during the third quarter worth $71,968,000. Morgan Stanley increased its position in shares of Apollo Global Management by 15.4% during the second quarter. Morgan Stanley now owns 5,536,056 shares of the financial services provider’s stock worth $176,434,000 after purchasing an additional 737,410 shares in the last quarter. Finally, Crabel Capital Management LLC acquired a new position in shares of Apollo Global Management during the second quarter worth $19,919,000. 73.70% of the stock is currently owned by institutional investors and hedge funds.

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About Apollo Global Management

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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Insider Buying and Selling by Quarter for Apollo Global Management (NYSE:APO)

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