Tiger Global Management Llc Buys 253,672 Shares of Apollo Global Management, LLC (APO) Stock

Apollo Global Management, LLC (NYSE:APO) major shareholder Tiger Global Management Llc bought 253,672 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were purchased at an average cost of $28.48 per share, for a total transaction of $7,224,578.56. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Monday, July 31st, Tiger Global Management Llc bought 63,407 shares of Apollo Global Management stock. The shares were purchased at an average cost of $27.83 per share, for a total transaction of $1,764,616.81.
  • On Tuesday, August 1st, Tiger Global Management Llc bought 109,026 shares of Apollo Global Management stock. The shares were purchased at an average cost of $27.95 per share, for a total transaction of $3,047,276.70.
  • On Friday, July 28th, Tiger Global Management Llc bought 234,300 shares of Apollo Global Management stock. The shares were purchased at an average cost of $27.89 per share, for a total transaction of $6,534,627.00.
  • On Wednesday, July 26th, Tiger Global Management Llc bought 56,200 shares of Apollo Global Management stock. The shares were purchased at an average cost of $27.96 per share, for a total transaction of $1,571,352.00.
  • On Monday, July 24th, Tiger Global Management Llc bought 261,429 shares of Apollo Global Management stock. The shares were purchased at an average cost of $27.93 per share, for a total transaction of $7,301,711.97.
  • On Wednesday, July 19th, Tiger Global Management Llc bought 100,916 shares of Apollo Global Management stock. The shares were purchased at an average cost of $27.36 per share, for a total transaction of $2,761,061.76.
  • On Thursday, July 20th, Tiger Global Management Llc bought 249,968 shares of Apollo Global Management stock. The shares were purchased at an average cost of $27.68 per share, for a total transaction of $6,919,114.24.

Apollo Global Management, LLC (NYSE APO) opened at 28.96 on Wednesday. Apollo Global Management, LLC has a 12-month low of $17.38 and a 12-month high of $30.75. The stock’s 50 day moving average is $29.00 and its 200 day moving average is $26.62. The stock has a market capitalization of $5.62 billion, a PE ratio of 11.34 and a beta of 1.22.

Apollo Global Management (NYSE:APO) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.04). The business had revenue of $432.87 million during the quarter, compared to the consensus estimate of $455.29 million. Apollo Global Management had a net margin of 21.79% and a return on equity of 59.61%. The firm’s revenue for the quarter was down 34.5% on a year-over-year basis. During the same period last year, the business posted $0.98 EPS. Analysts forecast that Apollo Global Management, LLC will post $2.45 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 22nd were given a $0.52 dividend. The ex-dividend date was Friday, August 18th. This represents a $2.08 dividend on an annualized basis and a yield of 7.18%. This is an increase from Apollo Global Management’s previous quarterly dividend of $0.49. Apollo Global Management’s dividend payout ratio (DPR) is 81.25%.

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Several equities research analysts recently commented on APO shares. Goldman Sachs Group, Inc. (The) boosted their target price on Apollo Global Management from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, June 7th. BidaskClub cut Apollo Global Management from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 27th. Jefferies Group LLC reissued a “buy” rating on shares of Apollo Global Management in a report on Friday, June 30th. Zacks Investment Research raised Apollo Global Management from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Monday, July 3rd. Finally, Morgan Stanley reissued an “equal weight” rating and set a $26.00 target price (up previously from $25.00) on shares of Apollo Global Management in a report on Monday, July 10th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $28.90.

Institutional investors have recently added to or reduced their stakes in the stock. Penserra Capital Management LLC grew its position in 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 valued at $143,000 after purchasing an additional 2,918 shares in the last quarter. Global X Management Co. LLC bought a new position in Apollo Global Management in the first quarter valued at $161,000. NEXT Financial Group Inc grew its position in 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 valued at $169,000 after purchasing an additional 3,300 shares in the last quarter. Cowen Prime Services LLC grew its position in 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 valued at $198,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Koshinski Asset Management Inc. bought a new position in Apollo Global Management in the second quarter valued at $202,000. 73.60% of the stock is owned by institutional investors and hedge funds.

About Apollo Global Management

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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