Apollo Global Management, LLC (NYSE:APO) Director A B. Krongard bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 28th. The stock was purchased at an average cost of $29.28 per share, with a total value of $29,280.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Apollo Global Management, LLC (APO) opened at 28.84 on Wednesday. The firm has a market cap of $5.59 billion, a P/E ratio of 11.30 and a beta of 1.22. The firm’s 50-day moving average price is $28.48 and its 200-day moving average price is $26.12. Apollo Global Management, LLC has a 1-year low of $17.38 and a 1-year high of $30.75.

Apollo Global Management (NYSE:APO) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.50 by $0.04. The firm had revenue of $432.87 million for the quarter, compared to the consensus estimate of $455.29 million. Apollo Global Management had a return on equity of 59.61% and a net margin of 21.79%. The company’s revenue was down 34.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 EPS. Equities research analysts anticipate that Apollo Global Management, LLC will post $2.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 22nd will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 7.21%. 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 payout ratio is 81.25%.

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A number of analysts recently commented on APO shares. Jefferies Group LLC reaffirmed a “buy” rating on shares of Apollo Global Management in a research report on Friday, June 30th. Oppenheimer Holdings, Inc. boosted their target price on Apollo Global Management from $31.00 to $33.00 and gave the company an “outperform” rating in a research report on Friday, July 14th. Goldman Sachs Group, Inc. (The) boosted their target price on Apollo Global Management from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, June 7th. BidaskClub raised Apollo Global Management from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. Finally, JMP Securities reaffirmed an “outperform” rating and issued a $32.00 target price on shares of Apollo Global Management in a research report on Friday, August 4th. Four analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. Apollo Global Management presently has an average rating of “Buy” and a consensus price target of $28.90.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Alps Advisors Inc. raised its position in Apollo Global Management by 0.3% in the second quarter. Alps Advisors Inc. now owns 20,534 shares of the financial services provider’s stock valued at $543,000 after buying an additional 53 shares during the period. Veritable L.P. raised its position in Apollo Global Management by 1.4% in the second quarter. Veritable L.P. now owns 13,037 shares of the financial services provider’s stock valued at $345,000 after buying an additional 182 shares during the period. Wedbush Securities Inc. raised its position in Apollo Global Management by 5.7% in the second quarter. Wedbush Securities Inc. now owns 9,280 shares of the financial services provider’s stock valued at $245,000 after buying an additional 500 shares during the period. HighTower Advisors LLC raised its position in Apollo Global Management by 0.8% in the first quarter. HighTower Advisors LLC now owns 68,399 shares of the financial services provider’s stock valued at $1,666,000 after buying an additional 549 shares during the period. Finally, Penserra Capital Management LLC raised its position in Apollo Global Management by 10.0% in the second quarter. Penserra Capital Management LLC now owns 6,479 shares of the financial services provider’s stock valued at $171,000 after buying an additional 589 shares during the period. Hedge funds and other institutional investors own 73.60% of the company’s stock.

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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