Apollo Global Management LLC (APO) Major Shareholder Tiger Global Management Llc Acquires 100,000 Shares

Apollo Global Management LLC (NYSE:APO) major shareholder Tiger Global Management Llc bought 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 4th. The shares were acquired at an average price of $26.67 per share, for a total transaction of $2,667,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 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 Thursday, December 6th, Tiger Global Management Llc bought 135,700 shares of Apollo Global Management stock. The shares were acquired at an average price of $26.49 per share, for a total transaction of $3,594,693.00.
  • On Monday, November 19th, Tiger Global Management Llc bought 100,000 shares of Apollo Global Management stock. The shares were acquired at an average price of $27.54 per share, for a total transaction of $2,754,000.00.
  • On Wednesday, November 14th, Tiger Global Management Llc bought 72,924 shares of Apollo Global Management stock. The shares were acquired at an average price of $28.25 per share, for a total transaction of $2,060,103.00.
  • On Friday, November 16th, Tiger Global Management Llc bought 965,000 shares of Apollo Global Management stock. The shares were acquired at an average price of $28.09 per share, for a total transaction of $27,106,850.00.
  • On Thursday, October 25th, Tiger Global Management Llc bought 102,193 shares of Apollo Global Management stock. The shares were acquired at an average price of $28.46 per share, for a total transaction of $2,908,412.78.
  • On Tuesday, October 23rd, Tiger Global Management Llc purchased 815,000 shares of Apollo Global Management stock. The shares were purchased at an average price of $29.26 per share, with a total value of $23,846,900.00.

Apollo Global Management stock opened at $26.09 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.05 and a quick ratio of 1.05. Apollo Global Management LLC has a 52-week low of $25.65 and a 52-week high of $37.35. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 7.31, a PEG ratio of 2.21 and a beta of 1.24.

Apollo Global Management (NYSE:APO) last released its quarterly earnings results on Wednesday, October 31st. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.03). The firm had revenue of $497.16 million for the quarter, compared to the consensus estimate of $596.75 million. Apollo Global Management had a return on equity of 43.98% and a net margin of 19.45%. The firm’s revenue for the quarter was down 28.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 EPS. Analysts forecast that Apollo Global Management LLC will post 1.09 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Tuesday, November 20th were paid a $0.46 dividend. The ex-dividend date of this dividend was Monday, November 19th. This represents a $1.84 annualized dividend and a dividend yield of 7.05%. This is a positive change from Apollo Global Management’s previous quarterly dividend of $0.43. Apollo Global Management’s payout ratio is currently 51.54%.

Several research analysts have issued reports on APO shares. Morgan Stanley set a $42.00 price target on shares of Apollo Global Management and gave the stock a “buy” rating in a report on Tuesday, August 14th. ValuEngine lowered shares of Apollo Global Management from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Zacks Investment Research lowered shares of Apollo Global Management from a “hold” rating to a “sell” rating in a report on Tuesday, September 11th. Credit Suisse Group raised their price target on shares of Apollo Global Management from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, September 21st. Finally, Goldman Sachs Group upgraded shares of Apollo Global Management from a “buy” rating to a “conviction-buy” rating in a report on Monday, October 1st. Five analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Apollo Global Management presently has a consensus rating of “Buy” and an average target price of $38.38.

Large investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its stake in shares of Apollo Global Management by 482.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,683 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 3,051 shares in the last quarter. Centaurus Financial Inc. bought a new stake in shares of Apollo Global Management in the 2nd quarter valued at $139,000. Ancora Advisors LLC bought a new stake in shares of Apollo Global Management in the 3rd quarter valued at $156,000. Cerebellum GP LLC increased its stake in shares of Apollo Global Management by 1,214.8% in the 3rd quarter. Cerebellum GP LLC now owns 5,154 shares of the financial services provider’s stock valued at $178,000 after acquiring an additional 4,762 shares in the last quarter. Finally, Alpine Global Management LLC bought a new stake in shares of Apollo Global Management in the 3rd quarter valued at $210,000. Institutional investors own 73.70% of the company’s stock.

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Apollo Global Management Company Profile

Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It manages client focused portfolios. The firm launches and manages hedge funds for its clients.

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