Tiger Global Management Llc Buys 146,475 Shares of Apollo Global Management LLC (APO) Stock

Apollo Global Management LLC (NYSE:APO) major shareholder Tiger Global Management Llc acquired 146,475 shares of the firm’s stock in a transaction on Wednesday, April 19th. The stock was purchased at an average cost of $25.70 per share, with a total value of $3,764,407.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Tuesday, April 18th, Tiger Global Management Llc acquired 376,225 shares of Apollo Global Management stock. The stock was purchased at an average cost of $25.60 per share, with a total value of $9,631,360.00.
  • On Monday, April 17th, Tiger Global Management Llc acquired 653,700 shares of Apollo Global Management stock. The stock was purchased at an average cost of $25.87 per share, with a total value of $16,911,219.00.
  • On Thursday, April 13th, Tiger Global Management Llc acquired 1,486,800 shares of Apollo Global Management stock. The stock was purchased at an average cost of $25.78 per share, with a total value of $38,329,704.00.
  • On Tuesday, April 11th, Tiger Global Management Llc acquired 450,000 shares of Apollo Global Management stock. The stock was purchased at an average cost of $25.48 per share, with a total value of $11,466,000.00.
  • On Friday, April 7th, Tiger Global Management Llc acquired 1,266,800 shares of Apollo Global Management stock. The stock was purchased at an average cost of $25.26 per share, with a total value of $31,999,368.00.
  • On Wednesday, April 5th, Tiger Global Management Llc acquired 403,200 shares of Apollo Global Management stock. The stock was purchased at an average cost of $25.03 per share, with a total value of $10,092,096.00.
  • On Monday, April 3rd, Tiger Global Management Llc acquired 361,800 shares of Apollo Global Management stock. The stock was purchased at an average cost of $23.75 per share, with a total value of $8,592,750.00.

Shares of Apollo Global Management LLC (NYSE:APO) opened at 25.60 on Friday. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 12.14 and a beta of 1.19. Apollo Global Management LLC has a 52 week low of $14.25 and a 52 week high of $26.22. The firm has a 50 day moving average of $24.04 and a 200 day moving average of $21.03.

Apollo Global Management (NYSE:APO) last announced its earnings results on Friday, February 3rd. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.29. Apollo Global Management had a net margin of 20.44% and a return on equity of 70.68%. The company had revenue of $685.40 million for the quarter, compared to analyst estimates of $511.56 million. During the same period in the prior year, the business earned $0.19 earnings per share. Apollo Global Management’s quarterly revenue was up 253.8% on a year-over-year basis. Equities analysts predict that Apollo Global Management LLC will post $2.33 earnings per share for the current fiscal year.

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

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Several institutional investors have recently made changes to their positions in APO. Meristem LLP bought a new position in shares of Apollo Global Management during the third quarter worth about $332,000. DnB Asset Management AS raised its position in shares of Apollo Global Management by 1.8% in the third quarter. DnB Asset Management AS now owns 62,800 shares of the financial services provider’s stock worth $1,128,000 after buying an additional 1,100 shares during the last quarter. Beck Mack & Oliver LLC raised its position in shares of Apollo Global Management by 13.6% in the third quarter. Beck Mack & Oliver LLC now owns 2,908,412 shares of the financial services provider’s stock worth $52,235,000 after buying an additional 347,854 shares during the last quarter. Karpas Strategies LLC bought a new position in shares of Apollo Global Management during the third quarter worth about $449,000. Finally, TCI Wealth Advisors Inc. raised its position in shares of Apollo Global Management by 2.0% in the third quarter. TCI Wealth Advisors Inc. now owns 6,307 shares of the financial services provider’s stock worth $113,000 after buying an additional 124 shares during the last quarter. Institutional investors own 63.79% of the company’s stock.

APO has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Apollo Global Management from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Monday, April 10th. Goldman Sachs Group Inc increased their price target on shares of Apollo Global Management to $25.00 and gave the stock a “buy” rating in a research report on Monday, February 6th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $25.00 price target on shares of Apollo Global Management in a research report on Friday, March 17th. Jefferies Group LLC increased their price target on shares of Apollo Global Management from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, February 8th. Finally, Bank of America Corp raised shares of Apollo Global Management from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Monday, February 6th. Three analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $23.62.

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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