Apollo Global Management LLC (NYSE:APO) Director Joshua Harris sold 125,000 shares of Apollo Global Management stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $34.54, for a total transaction of $4,317,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Joshua Harris also recently made the following trade(s):
- On Monday, February 5th, Joshua Harris sold 4,500,000 shares of Apollo Global Management stock. The stock was sold at an average price of $34.00, for a total transaction of $153,000,000.00.
Shares of Apollo Global Management LLC (NYSE:APO) opened at $33.60 on Wednesday. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.52. Apollo Global Management LLC has a 12 month low of $21.39 and a 12 month high of $37.35. The firm has a market cap of $6,500.00, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 0.98 and a beta of 1.03.
Apollo Global Management (NYSE:APO) last released its earnings results on Thursday, February 1st. The financial services provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.55. Apollo Global Management had a net margin of 23.92% and a return on equity of 62.94%. The firm had revenue of $869.50 million during the quarter, compared to analyst estimates of $599.38 million. During the same quarter in the previous year, the firm earned $0.98 earnings per share. The firm’s revenue for the quarter was up 26.9% compared to the same quarter last year. equities research analysts forecast that Apollo Global Management LLC will post 3.1 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 21st will be paid a dividend of $0.66 per share. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.39. The ex-dividend date is Tuesday, February 20th. This represents a $2.64 annualized dividend and a yield of 7.86%. Apollo Global Management’s payout ratio is presently 50.81%.
A number of hedge funds have recently added to or reduced their stakes in APO. Stelac Advisory Services LLC bought a new stake in Apollo Global Management during the third quarter valued at $117,000. Pinnacle Holdings LLC increased its stake in Apollo Global Management by 496.1% during the fourth quarter. Pinnacle Holdings LLC now owns 3,785 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 3,150 shares during the last quarter. Camarda Financial Advisors LLC bought a new stake in Apollo Global Management during the fourth quarter valued at $186,000. Moors & Cabot Inc. bought a new stake in Apollo Global Management during the fourth quarter valued at $200,000. Finally, Waratah Capital Advisors Ltd. bought a new stake in Apollo Global Management during the fourth quarter valued at $203,000. Hedge funds and other institutional investors own 72.65% of the company’s stock.
A number of analysts recently issued reports on APO shares. Zacks Investment Research lowered shares of Apollo Global Management from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. ValuEngine upgraded shares of Apollo Global Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, December 31st. Morgan Stanley upgraded shares of Apollo Global Management from an “equal weight” rating to an “overweight” rating and set a $42.00 price target for the company in a research note on Wednesday, January 3rd. Citigroup lowered shares of Apollo Global Management from a “buy” rating to a “neutral” rating and set a $38.00 price target for the company. in a research note on Friday, January 19th. Finally, Credit Suisse Group lifted their price target on shares of Apollo Global Management from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Three 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 stock has a consensus rating of “Buy” and an average price target of $36.33.
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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.
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