Apollo Global Management, LLC (NYSE:APO) Director Robert K. Kraft bought 10,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $29.38 per share, for a total transaction of $293,800.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

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

Shares of Apollo Global Management, LLC (NYSE APO) opened at 30.40 on Wednesday. The firm’s 50-day moving average price is $27.87 and its 200 day moving average price is $25.74. Apollo Global Management, LLC has a 1-year low of $17.38 and a 1-year high of $30.64. The firm has a market cap of $5.86 billion, a PE ratio of 11.91 and a beta of 1.22.

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

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

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Several hedge funds and other institutional investors have recently modified their holdings of the company. TCI Wealth Advisors Inc. raised its position in shares of Apollo Global Management by 38.4% in the first quarter. TCI Wealth Advisors Inc. now owns 5,770 shares of the financial services provider’s stock worth $140,000 after buying an additional 1,601 shares in the last quarter. Penserra Capital Management LLC raised its position in shares of Apollo Global Management by 98.2% in the first quarter. Penserra Capital Management LLC now owns 5,890 shares of the financial services provider’s stock worth $143,000 after buying an additional 2,918 shares in the last quarter. NEXT Financial Group Inc raised its position in shares of Apollo Global Management by 106.5% in the second quarter. NEXT Financial Group Inc now owns 6,400 shares of the financial services provider’s stock worth $169,000 after buying an additional 3,300 shares in the last quarter. Global X Management Co. LLC acquired a new position in shares of Apollo Global Management during the first quarter worth $161,000. Finally, Cowen Prime Services LLC raised its position in shares of Apollo Global Management by 400.0% in the second quarter. Cowen Prime Services LLC now owns 7,500 shares of the financial services provider’s stock worth $198,000 after buying an additional 6,000 shares in the last quarter. 74.81% of the stock is currently owned by institutional investors.

Several equities analysts have recently weighed in on APO shares. Zacks Investment Research upgraded Apollo Global Management from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Tuesday, April 18th. Jefferies Group LLC lifted their price objective on Apollo Global Management from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, May 2nd. Goldman Sachs Group, Inc. (The) lifted their price objective 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. BidaskClub downgraded Apollo Global Management from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $26.00 price objective (up previously from $25.00) on shares of Apollo Global Management in a research report on Monday, July 10th. Four investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $28.90.

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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