Apollo Global Management LLC (NYSE:APO) insider John J. Suydam sold 50,642 shares of the stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $20.00, for a total value of $1,012,840.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Apollo Global Management LLC (NYSE:APO) opened at 19.29 on Wednesday. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 15.33 and a beta of 1.77. The company’s 50-day moving average price is $18.49 and its 200-day moving average price is $17.42. Apollo Global Management LLC has a 52 week low of $12.35 and a 52 week high of $20.01.

Apollo Global Management (NYSE:APO) last issued its quarterly earnings data on Friday, October 28th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.12. The company earned $660.45 million during the quarter, compared to analyst estimates of $429 million. The business’s quarterly revenue was up 160.6% compared to the same quarter last year. During the same period last year, the firm earned $0.26 EPS. Equities analysts forecast that Apollo Global Management LLC will post $1.79 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Monday, November 21st will be issued a $0.35 dividend. The ex-dividend date of this dividend is Thursday, November 17th. This represents a $1.40 annualized dividend and a dividend yield of 7.26%.

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A number of research analysts have weighed in on APO shares. Keefe, Bruyette & Woods raised Apollo Global Management from a “market perform” rating to an “outperform” rating and increased their target price for the company from $18.00 to $22.00 in a report on Thursday, August 4th. Deutsche Bank AG upped their price target on Apollo Global Management from $15.00 to $17.00 and gave the stock a “hold” rating in a research report on Thursday, August 4th. JMP Securities upped their price target on Apollo Global Management from $26.00 to $27.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 4th. Oppenheimer Holdings Inc. upgraded Apollo Global Management from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $17.61 to $19.00 in a research report on Friday, August 5th. Finally, Vetr cut Apollo Global Management from a “strong-buy” rating to a “buy” rating and set a $20.34 price target for the company. in a research report on Monday, August 8th. Eight analysts have rated the stock with a hold rating, six have given 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 a consensus target price of $20.51.

Several institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its position in shares of Apollo Global Management by 5,478.9% in the second quarter. PNC Financial Services Group Inc. now owns 39,052 shares of the company’s stock valued at $591,000 after buying an additional 38,352 shares during the period. Societe Generale bought a new position in shares of Apollo Global Management during the second quarter valued at about $227,000. Concourse Capital Management LLC boosted its position in shares of Apollo Global Management by 28.5% in the second quarter. Concourse Capital Management LLC now owns 167,547 shares of the company’s stock valued at $2,538,000 after buying an additional 37,187 shares during the period. Commerzbank Aktiengesellschaft FI boosted its position in shares of Apollo Global Management by 7.0% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 178,260 shares of the company’s stock valued at $2,701,000 after buying an additional 11,680 shares during the period. Finally, Evercore Wealth Management LLC boosted its position in shares of Apollo Global Management by 0.7% in the second quarter. Evercore Wealth Management LLC now owns 1,197,440 shares of the company’s stock valued at $18,141,000 after buying an additional 8,297 shares during the period.

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 operates through three segments: Private equity, Credit and Real estate.

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