Apollo Global Management LLC (APO) Major Shareholder Tiger Global Management Llc Buys 681,672 Shares

Apollo Global Management LLC (NYSE:APO) major shareholder Tiger Global Management Llc bought 681,672 shares of the stock in a transaction that occurred on Thursday, May 18th. The shares were purchased at an average price of $26.42 per share, for a total transaction of $18,009,774.24. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

  • On Friday, May 12th, Tiger Global Management Llc bought 202,100 shares of Apollo Global Management stock. The shares were purchased at an average price of $26.98 per share, for a total transaction of $5,452,658.00.
  • On Thursday, May 11th, Tiger Global Management Llc bought 308,500 shares of Apollo Global Management stock. The shares were purchased at an average price of $26.48 per share, for a total transaction of $8,169,080.00.
  • On Monday, May 8th, Tiger Global Management Llc bought 175,600 shares of Apollo Global Management stock. The shares were purchased at an average price of $26.55 per share, for a total transaction of $4,662,180.00.
  • On Tuesday, May 9th, Tiger Global Management Llc bought 431,500 shares of Apollo Global Management stock. The shares were purchased at an average price of $26.86 per share, for a total transaction of $11,590,090.00.
  • On Friday, May 5th, Tiger Global Management Llc bought 298,200 shares of Apollo Global Management stock. The shares were purchased at an average price of $26.19 per share, for a total transaction of $7,809,858.00.
  • On Monday, May 1st, Tiger Global Management Llc bought 295,500 shares of Apollo Global Management stock. The shares were purchased at an average price of $26.73 per share, for a total transaction of $7,898,715.00.
  • On Friday, April 28th, Tiger Global Management Llc bought 1,144,200 shares of Apollo Global Management stock. The shares were purchased at an average price of $26.88 per share, for a total transaction of $30,756,096.00.
  • On Wednesday, April 26th, Tiger Global Management Llc bought 445,141 shares of Apollo Global Management stock. The shares were purchased at an average price of $26.42 per share, for a total transaction of $11,760,625.22.
  • On Wednesday, April 19th, Tiger Global Management Llc bought 146,475 shares of Apollo Global Management stock. The shares were purchased at an average price of $25.70 per share, for a total transaction of $3,764,407.50.
  • On Tuesday, April 18th, Tiger Global Management Llc bought 376,225 shares of Apollo Global Management stock. The shares were purchased at an average price of $25.60 per share, for a total transaction of $9,631,360.00.

Apollo Global Management LLC (NYSE:APO) traded down 0.46% during mid-day trading on Friday, hitting $26.10. 1,967,269 shares of the stock were exchanged. The stock has a market cap of $4.99 billion, a PE ratio of 8.58 and a beta of 1.19. Apollo Global Management LLC has a 52-week low of $14.25 and a 52-week high of $27.78. The stock’s 50 day moving average is $25.99 and its 200 day moving average is $22.25.

Apollo Global Management (NYSE:APO) last issued its earnings results on Friday, April 28th. The financial services provider reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.19. The business had revenue of $641.55 million during the quarter, compared to analysts’ expectations of $570.83 million. Apollo Global Management had a net margin of 20.44% and a return on equity of 70.68%. The company’s quarterly revenue was up 431.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.18) earnings per share. Analysts forecast that Apollo Global Management LLC will post $2.55 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Apollo Global Management (NYSE:APO)

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Stockholders of record on Friday, May 19th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 7.51%. This is a boost from Apollo Global Management’s previous quarterly dividend of $0.45. The ex-dividend date is Wednesday, May 17th. Apollo Global Management’s dividend payout ratio is 66.99%.

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A number of analysts have issued reports on APO shares. Citigroup Inc started coverage on shares of Apollo Global Management in a report on Wednesday, January 25th. They issued a “buy” rating and a $25.00 price target on the stock. Jefferies Group LLC lifted their price target on shares of Apollo Global Management from $25.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, February 8th. JMP Securities lifted their price target on shares of Apollo Global Management to $30.00 in a report on Monday, February 6th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $25.00 price target (up from $23.00) on shares of Apollo Global Management in a report on Tuesday, February 7th. Finally, Zacks Investment Research downgraded shares of Apollo Global Management from a “buy” rating to a “hold” rating in a report on Friday, April 7th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $24.06.

Several large investors have recently modified their holdings of APO. FMR LLC boosted its stake in shares of Apollo Global Management by 2.8% in the first quarter. FMR LLC now owns 8,216,804 shares of the financial services provider’s stock worth $199,833,000 after buying an additional 223,452 shares during the period. Thornburg Investment Management Inc. boosted its stake in shares of Apollo Global Management by 0.9% in the fourth quarter. Thornburg Investment Management Inc. now owns 5,502,481 shares of the financial services provider’s stock worth $106,528,000 after buying an additional 48,300 shares during the period. Bank of America Corp DE boosted its stake in shares of Apollo Global Management by 66.0% in the first quarter. Bank of America Corp DE now owns 4,612,397 shares of the financial services provider’s stock worth $112,173,000 after buying an additional 1,833,690 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Apollo Global Management by 9.2% in the first quarter. JPMorgan Chase & Co. now owns 3,534,713 shares of the financial services provider’s stock worth $85,964,000 after buying an additional 296,477 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Apollo Global Management by 29.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,070,745 shares of the financial services provider’s stock worth $74,681,000 after buying an additional 707,416 shares during the period. Institutional investors and hedge funds own 63.79% of the company’s stock.

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.

5 Day Chart for NYSE:APO

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